While this does lend itself to convenience, there are many perils of allowing robots to take over so many jobs. And I'm not even talking about the fact they may become sentient and enslave us all. Honestly, has anyone who gives robots this much power even seen a science fiction movie?
According to the UN's report, developing nations are the ones most at risk. This is for a myriad of reasons, one of which being, "The increased use of robots in developed countries risks eroding the traditional labor-cost advantage of developing countries."
According to a report from World Bank, "The share of occupations that could experience significant automation is actually higher in developing countries than in more advanced ones, where many of these jobs have already disappeared."
In short, low-skill jobs in developing nations are vulnerable as the cost of automation drops. This isn't the only concern.
Besides being replaced, the jobs may disappear from these nations altogether. Companies may reshore their manufacturing industries back to their own countries, as there is no longer an economic advantage to keeping them overseas. This is predicted to lead to the loss of two-thirds of all jobs.
So what can be done to help offset the oncoming automation revolution? How can human workers and the economy be protected? It all starts with policy, and governments of the world are preparing now for what is to come.
Secondly, we must embrace the digital revolution. Computers are here to stay, and they must be integrated into developing nations so that they are understood, and workers can use them efficiently. Of course, this is easier said than done.
One social solution that's been proposed is Universal Basic Income — a system where everyone is guaranteed an income regardless of employment status. Elon Musk believes it is the best solution to the oncoming job loss crisis. This debate will likely come up in the very near future.