Jobs Lost, Jobs Gained: Workforce Transitions in a Time of Automation

This report examines the potential impact of automation on the global workforce, estimating that up to 375 million workers may need to switch occupational categories by 2030 due to automation. The analysis includes scenarios for job creation and displacement, implications for skills and wages, and strategies for managing workforce transitions.

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Quick Facts
Report location: source
Language: English
Publisher: McKinsey & Company
Authors: Jacques Bughin, Jonathan Woetzel, Michael Chui, Parul Batra, Ryan Ko, Saurabh Sanghvi, Susan Lund, James Manyika
Page count: 160 pages

Methods

The research method involves modeling scenarios for the adoption of automation technologies and their impact on labor demand across 46 countries. It considers factors such as technical feasibility, labor market dynamics, economic benefits, and social acceptance. The analysis also includes a macroeconomic model to understand the dynamic effects of automation on productivity, employment, and GDP growth.

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Key Insights

The research analyzes the effects of automation technologies, including artificial intelligence and robotics, on jobs and the economy. It explores how jobs will change, which occupations will grow or decline, and the skills that will be in demand. The report also discusses the potential for job polarization in advanced economies and the need for large-scale worker transitions and retraining.

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Last modified: 2024/05/01 19:05 by elizabethherfel