Robots could play a big role in future jobs reports as automation continues to grow, with more and more bots performing tasks that were once designated to humans.
With President Donald Trump's administration publicly stating that it wants to concentrate on boosting blue-collar jobs, it has been those skills that have been most affected by robotics and future technologies, according to CNBC.
Forrester Research stated last week that as many as 10 million jobs could be lost because of the technology revolution, but it might not be as bad as predicted.
"There's a lot of talk these days about the bleak future of employment: Claims that robots will steal all the jobs are commonplace," Forrester said in a statement. "But the future of jobs isn't nearly as gloomy as many prognosticators believe."
"In reality, automation will spur the growth of many new jobs, including some entirely new job categories. But the largest effect will be job transformation: Humans will find themselves working side-by-side with robots. Infrastructure and operations leaders must make sure these technologies not only cut costs but also drive customer value," the statement continued.
A January report by the McKinsey Global Institute stated that, while automation is looming, it will not happen for years. The report said previous technological advances did not bring the widespread job losses some feared.
"While much of the current debate about automation has focused on the potential for mass unemployment, people will need to continue working alongside machines to produce the growth in per capita GDP to which countries around the world aspire," the report stated.
"However, the scale of shifts in the labor force over many decades that automation technologies can unleash is not without precedent. It is of a similar order of magnitude to the long-term technology-enabled shifts away from agriculture in developed countries’ workforces in the 20th century. Those shifts did not result in long-term mass unemployment, because they were accompanied by the creation of new types of work," the study continued.
The retail industry continues to feel the effects of an emerging e-commerce sector, with the federal government announcing last week that the industry lost nearly 30,000 jobs in March, CNN reported. That comes with companies like Macy's, Sears, and J.C. Penney all announced job cuts last month.
As some traditional brick-and-mortar companies slash jobs, Amazon.com announced that it will hire 30,000 workers part-time.
"There is no question that the Amazon effect is overwhelming," Scott Clemons, chief investment strategist of private banking for BBH, told CNN. "There has been a shift in the way we buy things as opposed to a shift in the amount of money spent."
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