Covid pandemic may permanently replace some human jobs with machines - News Summed Up

Covid pandemic may permanently replace some human jobs with machines


The coronavirus pandemic has the potential to permanently replace some humans with machines, according to a new study on Monday from the Federal Reserve Bank of Philadelphia. Layoffs have been higher among workers in industries that can be automated, which increases the risk those jobs will become permanently obsolete, according to the study by economists Lei Ding and Julieth Saenz Molina. Industries that were already facing a high risk of automation lost 4.2 more jobs per 100 than jobs in sector facing fewer threats by technology, the study shows, which analyzes data through August. Jobs most at risk of being replaced by machines include hotel desk clerks, shuttle drivers, retail salespersons, parking attendants, slaughterhouse workers and toll collectors, according to the study. Automatable jobs held by minority workers experienced 5.1 more job losses per 100 jobs than those held by non-Hispanic Whites, the study found.


Source: Mint September 14, 2020 18:45 UTC



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