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Up to 38% of US Jobs Could Be Automated by 2030s, Says PwC

Up to 38 percent of jobs in the U.S. are at a high risk of being eliminated due to advances in automation, according to a new report by consulting firm PricewaterhouseCoopers (PwC). The risk is highest in sectors such as transportation and storage (56 percent), manufacturing (46 percent), and wholesale and retail (44 percent) and lower in sectors such as health and social work (17 percent), according to the study.

“These estimates are based on an algorithm linking automatability to the characteristics of the tasks involved in different jobs as well as those of the workers doing them (e.g., the education and training levels required),” PwC said in the report. The estimates are based on anticipated technological advancements in artificial intelligence (AI) and robotics between now and the early 2030s.

U.S. Jobs More Vulnerable than Other Economies

There is still an enormous amount of uncertainty in these figures, however, as PwC was quick to point out. “Not all of these technologically feasible job automations may occur in practice for the economic, legal and regulatory reasons,” according to the report.

The study also found that jobs in the U.S. are significantly more likely to be at risk of being replaced by computers. Only 30 percent of jobs in the U.K. are considered at risk. In comparison, 35 percent of jobs in Germany are considered at risk and only 21 percent of Japanese jobs are thought to be at risk.

“We find that the larger proportion of jobs at potential high risk of automation in the US is almost exclusively driven by differences in the automatability of jobs for given industry sectors,” PwC said. ?EU?The US has a similarly service-dominated economy to the UK with relatively little difference in employment shares by industry sector.”

Finance Jobs at Risk

The biggest differences between the two economies…

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