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McKinsey finds automation could eradicate a third of America's workforce by 2030

A new report by the McKinsey Global Institute suggests that 30 percent of jobs on Earth could be automated by 2030. The displaced human worker, numbering about 800 million, might find alternative jobs if the world is prepared.

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Cobra951708d ago

". . . a growing and dynamic economy—in part fueled by technology itself and its contributions to productivity—would create jobs."

We've heard this before, haven't we? Giving tax breaks to corporations and the very wealthy instead of the working poor will promote investment and create new jobs, improving conditions for workers. Yeah, right. Displacing the labor force with machines will accomplish two things if no new rules are set in place: (1) Hundreds of millions will lose their livelihoods. (2) The tax base will get catastrophically depleted, since machines don't pay taxes.