Other factors include the cost of developing and deploying automation solutions for specific uses in the workplace, the labor-market dynamics (including quality and quantity of labor and associated wages), the benefits of automation beyond labor substitution, and regulatory and social acceptance. While technical feasibility of automation is important, it is not the only factor that will influence the pace and extent of automation adoption. However, in about 60 percent of occupations, at least one-third of the constituent activities could be automated, implying substantial workplace transformations and changes for all workers. Very few occupations-less than 5 percent-consist of activities that can be fully automated. We previously found that about half the activities people are paid to do globally could theoretically be automated using currently demonstrated technologies. What impact will automation have on work? How do we manage the upcoming workforce transitions?ġ.What will automation mean for skills and wages?.
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