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According to a new study from Oxford Economics, a rise in artificial intelligence will result in an increase in “income inequality” as they estimate that 20 million manufacturing jobs will be lost in the next 1l years. In China alone, there could be 14 million robots taking work currently done by humans by 2030. While in the United States, more than 1.5 million workers would have lost their employment to technology by 2030.

The report predicts the use of robots worldwide has increased to 2.25 million over the past two decades. The researchers said, “As a result of robotisation, tens of millions of jobs will be lost, especially in poorer economies that rely on lower-skilled workers, which will therefore translate into an increase in income inequality.”

However, the researchers noted how “robotisation” has the potential to boost productivity and economic growth. They predicted a 5.3 percent rise in global gross domestic product(GDP) in 2030.The report said, “This means adding an extra $4.9 trillion per year to the global economy by 2030(in today’s prices).”

The report remained positive about the use of automation and urged lawmakers not to sand in the way of robots in the workplace, despite the threat of job losses.

The researchers said, “These findings should not lead policy-makers to seek to prevent the adoption of robot technology. Instead, the challenge should be to distribute the robot profits more evenly by helping workers prepare for and adapt to the big changes it will bring about. Explore all policy options from training, initiatives (新方案)and new welfare programs such as universal basic income.”