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Fears that robots are coming for all our jobs are overdone, says McKinsey

Fears that robots are coming for all our jobs are overdone, and the automation of the workplace will take far longer than some are predicting to arrive.

That’s according to consulting firm McKinsey & Co., which on Tuesday published a report finding that, even as automation becomes more common, humans will still be needed to work alongside new technologies.

See: The robots are coming for your investments — why that might not be a bad thing

“While much of the current debate about automation has focused on the potential for mass unemployment, predicated on a surplus of human labor, the world’s economy will actually need every erg of human labor working, in addition to the robots, to overcome demographic aging trends in both developed and developing economies,” the report found.

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