We may be in the midst of a digital revolution, but machines aren’t replacing us just yet however much the topic has been in the news.
A recent study by The Boston Consulting Group (BCG) predicts that by 2025, a quarter of all jobs will be replaced by robots or smart software.
Furthermore, a 2013 study by Oxford University and professional services firm Deloitte also suggested that 35 per cent of the pre-existing jobs will be at a significant risk of automation within the next 10-20 years. So if you’re sitting at a desk, driving for a living or working in a factory your job role could be nearing extinction.
However, this week Deloitte revisited the study and released a report analysing the past fifteen years labour force data from the Office of National Statistics (ONS) – and robots aren’t replacing us yet.
They found that the growth in jobs at a ‘low risk’ of automation has recently outpaced the ‘high risk’ job titles.
It was also found that 3.5 million ‘low risk’ jobs have been created since 2000, whereas 800,000 ‘high risk’ jobs have been lost.
On average, the firm calculated that in the faster growing, lower risk job sector, each job created was paid approximately £10,000 more per year than the higher risk routine jobs that they replaced.
According to the study, the new jobs have contributed a net £140 billion to the UK economy.
In their regional breakdown, it revealed that all parts of the country have benefitted from the global growth in technology, with the losses of jobs with a ‘high risk’ of automation ‘more than made up for by the creation of lower risk, non-routine jobs’.
The results of Deloitte’s report also show that there has been a 55 per cent increase in home health care industry with a rise in the number of care home workers and home carers.
A dramatic rise was also seen in the increasing number of teaching assistants (202 per cent increase) and business and financial project managers (842 per cent increase).
Vice chairman of Deloitte, Angus Knowles-Cutler said:
‘Our work shows the automation of jobs – and shift from brawn to brains – is well underway in every nation and region of the UK. But we appear to be benefitting from this and not losing out.’
‘Technology is replacing the high-risk, routine occupations in the UK economy, but we are seeing good growth in the creative, caring and complex jobs at less risk of automation, as well as increased economic value from these.’
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