This report by PwC provides an international analysis of the potential long term impact of automation, finding that female workers could be more affected by automation over the next decade, but male jobs could be more at risk in the longer term as well as that in the long run, less well educated workers could be particularly exposed to automation, emphasising the importance of increased investment in lifelong learning and retraining.
The report identifies how automisation might unfold over the period to the 2030s in three overlapping waves: (1) the algorithm wave focused on automation of simple computational tasks and analysis of structured data in areas like finance, information and communications; (2) the augmentation wave focused on repeatable tasks such as filling in forms, communicating and exchanging information; and (3) the autonomy wave focused on automation of physical labour and manual dexterity, and problem solving in dynamic real-world situations that require responsive actions, such as in manufacturing and transport.
The research highlights that AI and robotics will be disruptive for labour markets and some jobs will be displaced or fundamentally changed in nature. However, many new jobs will also be created and the long term net effect should be positive for the economy as a whole. It calls on business and government to work together to help people through the transition to this brighter future and ensure that as many people as possible share in the benefits from these new technologies.
