Robot welder

Lawyers Say Automation Taking Jobs

A recently released report by the International Bar Association warns that up to one third of graduate-level jobs will be replace by machines or software. The competitive advantage that poorer economies have traditionally had, i.e. an unending supplies of cheap labor, will also evaporate, as factories using robots are already undercutting the cost of labor by a large margin. The work of a skilled German autoworker that costs $42 per hour can already be done by a robot that costs between $6 and $10 per hour, pricing out even low-cost Chinese workers. According to the report, “New labour and employment legislation is urgently needed to keep pace with increased automation.” —AK

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