According to a new study from Oxford Economics, within the next 11 years there could be 14 million robots put to work in China alone.
Economists analyzed long-term trends around the uptake of automation in the workplace, noting that the number of robots in use worldwide increased threefold over the past two decades to 2.25 million.
While researchers predicted the rise of robots will bring about benefits in terms of productivity and economic growth, they also acknowledged the drawbacks that were expected to arise simultaneously. "This equates to adding an extra $4.9 trillion per year to the global economy by 2030 — equivalent to an economy greater than the projected size of Germany's," the report said.According to the report, the number of robots installed in workplaces in the past four years is the same as the number put to work over the eight years previous.
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