Automated machinery could soon start taking people's jobs.
In the next 20-years one-in-three workers will have lost their job due to advances in technology.
The new investigation carried out by Deloitte and the University of Oxford found that relatively unskilled, low-paid jobs will be taken over by computers and robots, should technology continue to advance at its current rate.
Research discovered that people in jobs with a salary of less than £30,000 a year are most at risk compared to those earning over £100,000 who have very little risk. In addition, the study says that people who are on low paid jobs in London are eight-times more likely to lose their jobs than those on higher wages.
According to the most recent government data, there are currently 30.76 million people in employment. By 2035, Deloitte and Oxford claims that 10.8 million of those people will have lost their job to automated machinery and computers.
London senior partner at Deloitte, Angus Knowles-Cutler is quoted in The Telegraph as saying: “Technological advances are likely to cause a major shift in the UK labour market in the coming decades.
"Unless these changes are fully understood and anticipated, there will be a risk of avoidable unemployment and under-employment.
“A widening gap between the 'haves’ and 'have nots’ is also a risk as lower skill jobs continue to disappear.”
People who work in job sectors like administration, sales, transportation, construction, mining, energy and production are believed to be the ones who are most at risk. Repetitive, office and support jobs are the areas where technology is going to be making real advances in the years to come.
As you would expect the positions that are considerably more secure are those in IT, engineering and science. These three areas will always need a workforce to help improve and develop new technology. Also managers, teachers, lawyers and those in the media are thought to be relatively safe positions due to the continued need for creative and interpersonal skill, things that can only be produced by human beings.
It isn't all doom and gloom though, Knowles-Cutler goes onto add that every effort is being made to ensure that job loss is being equalled or outweighed by job creation, and says London will be creating 300,000 new jobs a year for the next seven years.