Tag: unemployment

Whilst on internship from the University of Leeds, 2nd year student George Travell explored the potential policy prescriptions for the 4th Industrial Revolution.

We’re in the midst of a technological revolution but have we been here before?

The fourth industrial revolution is well on its way to remove 20% of UK workers from the job market by 2030 - a report by McKinsey Global Institute has found. In their study of 46 countries they predicted job loss to be 800m by 2030 whilst still concluding that more jobs will be created than destroyed. Rising consumption particularly from developing economies is one source of new demand which could create approximately 280m jobs globally. Development and deployment of technology itself could create up to 50m.