Will a Robot Take Your Job? – Investment Watch

The Chart of the Week is a weekly Visual Capitalist feature on Fridays.

Are you ready to hand your job over to R2D2?

According to a recent study, it’s forecasted by the Mckinsey Global Institute that up to 800 million workers worldwide could lose their jobs to automation by 2030.

Industrial machine operators, administrators, and service workers will be the first to take a hit. Meanwhile, poorer countries with lower investment in tech are less likely to feel the pinch.

JOBS OUT, JOBS IN

Today’s chart uses data from the Future of Jobs Report 2018 by the World Economic Forum to take a peek at the changes technology will bring over the next four years.

It shows that while humans are handing over a larger share of labor hours to their robot counterparts, the future isn’t all bleak. Although 75 million jobs could be displaced by the coming shift in labor, there will be 133 million new jobs created as well. In other words, certain jobs are becoming redundant, but human skills remain in demand in other areas.

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Here is the full list of jobs on the chopping block in 2022, as well as the careers that will rise in importance:

Stable Roles	New Roles	Redundant Roles
Managing Directors and Chief Executives	Data Analysts and Scientists*	Data Entry Clerks
General and Operations Managers*	AI and Machine Learning Specialists	Accounting, Bookkeeping and Payroll Clerks
Software and Applications Developers and Analysts*	General and Operations Managers*	Administrative and Executive Secretaries
Data Analysts and Scientists*	Big Data Specialists	Assembly and Factory Workers
Sales and Marketing Professionals*	Digital Transformation Specialists	Client Information and Customer Service Workers*
Sales Representatives, Wholesale and Manufacturing, Technical and Scientific Products	Sales and Marketing Professionals*	Business Services and Administration Managers
Human Resources Specialists	New Technology Specialists	Accountants and Auditors
Financial and Investment Advisers	Organizational Development Specialists*	Material-Recording and Stock-Keeping Clerks
Database and Network Professionals	Software and Applications Developers and Analysts*	General and Operations Managers*
Supply Chain and Logistics Specialists	Information Technology Services	Postal Service Clerks

Showing 1 to 10 of 22 entries

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^{Source: Future of Jobs Survey 2018, World Economic Forum. Roles marked with * appear across multiple columns. This reflects the fact that they might be seeing stable or declining demand across one industry, but be in demand in another.}

NEW JOBS FOR A NEW WORLD

While the coming wave of automation will surely impact the workplace, for now you may want to leave that torch and pitchfork at home – the robots aren’t out to steal your job just yet.

Recent work out of Oxford University projects that 47% of American jobs are likely to face automation over the next 20 years. However, the same study reveals 53% of jobs are unlikely to be affected at all. Robots are less likely to take over roles dependent on human interaction – like doctors, lawyers, and teachers. Workers in specialized roles, such as plumbing and care work, can breathe easy too.

Jobs in manufacturing, transport, and administration may decrease. But a potential rise in health, science, tech, and hospitality jobs is likely to offset this trend.

So the real question is, will robots replace your job, or make room for you to pursue a new career?

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JOBS OUT, JOBS IN

NEW JOBS FOR A NEW WORLD

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