Half of Europe’s Jobs Threatened by Machines

Echo of U.S. risk..
Half of Europe’s Jobs Threatened by Machines

Image Credits: jurvetson, Flickr

by Simon Kennedy | Bloomberg | July 22, 2014


If you think the euro area has a hiring problem now with double-digit unemployment, wait until the future hits.

Fifty-four percent of jobs in the 28-member European Union are at risk of advances in computerization, according to a study by economist Jeremy Bowles published by Bruegel, a Brussels-based research organization.

Inspired by research from Carl Frey and Michael Osborne of Oxford University, Bowles sought to calculate how many jobs were prone to technological advances across Europe. His number-crunching came up with 40 percent to more than 60 percent, depending on the country.

That compares with the September 2013 finding of Frey and Osborne that 47 percent of Americans in 2010 ranked in the risky category, meaning their roles could possibly be automated over the next decade or two.

Read more


Infowars.com Videos:


Comments are closed.