The threat of robots taking human jobs is very real and is already happening according to new research released by the National Bureau of Economic Research.
Looking at the US between 1990 and 2007, when one or more industrial robots were introduced into the workforce, it led to the elimination of 6.2 jobs within a local area where people commute for work.
The report found that the wages of workers also declined slightly as a result of robots entering the US economy. Wages dropped between 0.25 percent and 0.50 percent per 1,000 employees when one or more robots came into the picture.
Within the years studied, robots were responsible for the loss of up to 670,000 manufacturing jobs, a number that could rise as more companies are expected to turn to industrial robots in the coming years, according to the paper.
Manufacturing jobs have already been hit by robots – the chart below by McKinsey Global Institute highlights roles that are likely to be affected by automation in the US.