Scientist estimated that 7.1 million jobs could be lost through redundancy, automation, or disintermediation, while the creation of 2.1 million new jobs
mainly in more specialised areas such as computing, math, architecture, and engineering, could partially offset some of the losses.
Haldane says that unlike during the Industrial Revolution, where manual laborers were forced to improve their skills and adapt to more sophisticated jobs, robots will simply replace humans this time around.
Could a computer or a robot do your job? If you work in a field such as telemarketing, office work, or insurance underwriting, chances are good that it could, say researchers at the University of Oxford.
Not only will machines compete for positions, but global population growth and a rather stunted job market will make competition all the more fierce.