replaces jobs across industries, be it through the use of robotics in manufacturing or algorithms in accounting, people
will need to switch occupations in order to continue to stay within the workforce.
The jury may be out on how fast this wave of automation
will affect jobs and how widespread the impact may be, but a report by McKinsey & Company puts the number of workers who may need to switch occupational categories by 2030 at 375 million. That amounts to 14 per cent of the entire global workforce being affected by automation.
The statistics show that after China and the US, which will see around 102 and 54 million jobs being displaced by automation, India will be the third most impacted country, with around 38 million workers being affected by automation.