We are at the cusp of a tipping point in the digital revolution. With the ability for global corporate giants to automate many job roles at the expense of humans, now is the time for us to take action to ensure that the social impact on people is at the heart of technological advancement.
Recent research by the McKinsey Global Institute makes for worrying reading:
- Up to 800 million global workers will lose their jobs by 2030 and be replaced by robotic automation
- 20% of UK-based jobs will be automated by 2030
- 50% of current work activities could become automated by adapting current technologies
But the change is already happening. In China, Amazon have put together a business plan for replacing human warehouse workers with robots – a case built on workers only earning 80p per hour. If artificial intelligence works out better financially for global corporate giants who are paying workers such a small amount – what does that say for the human workforce in the west, where staff are generally better paid?