Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Can a Robot do Your Job?

Almost half of the activities for which people are paid almost $16 trillion in wages could be automated with current technology, according to an ongoing study from McKinsey Global Institute.

Whether that includes your job depends on the extent to which your tasks are predictable and repeatable and how much human interaction and judgment are required. In food service, almost half of all labor time involves predictable physical activities such as preparing and serving food and beverages or collecting and cleaning dirty dishes. Three out of four of those activities could be automated. In manufacturing, 90 percent of the activities of welders, cutters, solderers, and brazers do could be automated; for customer-service reps, less than 30 percent.

The good news: People and technology will increasingly work together as activities are automated. Overall, automation could boost global productivity by up to 1.4 percent annually by 2065, the report predicts. That could mean more jobs, not fewer. Bar-code scanners and point-of-sale systems in the 1980s reduced store labor costs by about 4.5 percent. But cashiers were still needed; the number of checker jobs grew by an average of more than 2 percent between 1980 and 2013.

You might also like...