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Radical Labour Dislocation

CNN reports on a study by Oxford Economics that estimates that 20 million manufacturing jobs could be lost globally as automation technologies and robotics penetrate.

Robots are getting better at doing human jobs. That's probably good for the economy — but there are some serious downsides, too.

Machines are expected to displace about 20 million manufacturing jobs across the world over the next decade, according to a report released Wednesday by Oxford Economics, a global forecasting and quantitative analysis firm.
That means about 8.5% of the global manufacturing workforce could be displaced by robots. The report also notes that the move to robots tends to generate new jobs as fast as it automates them, however it could contribute to income inequality