The ING Bank report cited reflects the same findings as the 2013 Oxford University study that found nearly half of jobs will be replaced by smart machines in 20 years.
VOICE-OVER: The Schunk Company produces robot grippers. Demand for automation is enormous, but so are the potential costs. A new study by ING Bank says automation will cost Germany up to 18 million jobs over the next 20 years, replacing one out of every two workers with robots.What’s puzzling is why Germany’s Chancellor Angela Merkel has pursued her insanely dangerous open borders policy of admitting millions of unskilled unfriendly Muslims who are violent toward women. In 2010 she declared multiculturalism to be a failure in her country. Merkel has shown a lot of interest in robots, so cannot claim ignorance of future unemployment trends.
CARSTEN BRZESKI (ING-DiBa Chief Economist): It’s becoming clear that this industrial revolution is quite unlike the old one. I’m afraid that in the end, it’s going to destroy more jobs than it creates.
VOICE-OVER: Germany is already a global leader when it comes to the number of industrial robots in operation. Only South Korea and Japan have more automated production than Germany. The Schunk Company is already working on the next generation of industrial robots. The machines are meant to increase productivity, of course, but they’re not intended to replace people. Intelligent robots are designed to work independently side-by-side with their human counterparts
HENRIK A. SCHUNK (Schunk CEO): Thanks to the cooperation between humans and machines, jobs that would normally leave the country will stay in Germany and that’s a good thing. Robotic assistants will end up saving jobs.
VOICE-OVER: One way or another, automation is here to stay. Whether it will cost jobs or create them remains to be seen.
So why the nation-killing immigration insanity on Merkel’s part when she knows the automation future is coming? Her policy choices in this area are bewildering.
One larger lesson for all first world nations should be that immigration of any sort is a social policy that has played out:
Automation makes immigration obsolete.