*A new report from McKinsey & Co. suggests Black Americans will hit the hardest as automation upends the workforce, and hundreds of thousands will be unemployed by 2013.
“By 2030, the employment outlook for African Americans — particularly men, younger workers (ages 18–35), and those without a college degree — may worsen dramatically,” the report’s authors said. “Additionally, we find that African Americans are geographically removed from future job growth centers and more likely to be concentrated in areas of job decline.”
If not remedied, they added, these trends “could have a significant negative effect on the income generation, wealth, and stability of African-American families.”
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This video is simulated but to be clear Amazon *actually* has a patent on drone delivery from a blimp.
Could this be the future of retail? #Automation pic.twitter.com/WbpMVkqCCC
— HumanVSMachine (@HumanVsMachine) October 4, 2019
via axios.com:
- The problem will be particularly acute for men, younger workers between 18 and 35, and those without a college degree, according to the report, “The future of work in black America.”
- Researchers have projected that closing the racial wealth gap could net the U.S. economy between $1.1 trillion and $1.5 trillion by 2028.
- The additional loss of jobs and buying power from African Americans could mean further opportunity cost losses.
- African American women are expected to fare better than men, in part because of their strength in fields projected to grow — home health aides, nursing assistants and personal-care aides.
Top 10 countries where #Robots are being put to work#AI #Automation #Robotics #IoT #4IR #futureofwork #HRTech #sustainability @wef via @MikeQuindazzi cc @evankirstel @mclynd @jblefevre60 @munir_alhaddad @ArkangelScrap @JacBurns_Comext @AnnaMamalaki @HaroldSinnott pic.twitter.com/ftbnAaA5Xo
— Bethany Fenner (@BethanyFenner) October 8, 2019
“African Americans are underrepresented in five out of the six projected fastest-growing geographical archetypes and are overrepresented in two of the six slower-growing archetypes, including the one archetype that has shown negative growth — distressed americana [struggling rural areas],” the report said.
Warehouse Worker#Automation #BasicIncome pic.twitter.com/aKdeq54GqJ
— HumanVSMachine (@HumanVsMachine) October 10, 2019
As noted by MarketWatch, Black workers have the second-highest potential rate of automation-related job displacement by 2030 (23.1%), compared to Hispanic and Latino job displacement (25.5%), 22.4% for white workers and 21.7% for Asian workers.
“The public and private sectors will need to implement targeted programs to increase the awareness of automation risk among African-American workers,” the authors wrote. “Additionally, both sectors will need to provide African Americans with opportunities for higher education and the ability to transition into higher-paying roles and occupations.”
The latest generation of robots are poised to take jobs. #Automation #BasicIncome pic.twitter.com/GFhjAAhJvB
— HumanVSMachine (@HumanVsMachine) October 1, 2019
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