McKinsey & Company ? McKinsey Global Institute:
Rebuilding trust in Europe: Three pathways
31 January 2018
Briefing note prepared for the World Economic Forum Annual Meeting in Davos, Switzerland
Concerns about automation’s impact add to the climate of mistrust. In the European public debate over automation, the fear that “robots could take our jobs” is a recurring theme that adds to the climate of mistrust and fear. Our research suggests that historically there has been enough work to offset the portion of existing jobs displaced by technology, although not all sectors are affected equally and wages can be affected for some time.
Further Reading: Graetz, Georg and Guy Michaels, Robots at work, Centre for Economic Performance, discussion paper CEPDP 1335, March 2015.