Part 6/9:
Predictions from financial and analytic firms like Morgan Stanley forecast that by 2040, around 8 million humanoid robots will be active in the U.S. workforce. This surge could lead to the displacement of approximately 26 million jobs and a reduction in wages by around 20%, considering the lower operating costs for businesses.
Such a shift raises critical questions about the future of employment, income inequality, and economic stability. While lower costs could lead to reduced prices for consumers, the massive displacement of jobs could cause societal upheaval unless managed thoughtfully. Some argue that technological progress will inevitably lead to higher productivity and new job categories, but the transition period may be turbulent.