Starting a new business? Get 40% off our accountancy services for 3 months! 😀

x

A recent report on workers and technology for the Fabian Society and the Community trade union has found that millions are fearful of the future.

More than six million UK workers say they are worried that their jobs will be replaced by machines over the next decade.

The commission that released the report, chaired by Yvette Cooper, polled more than 1,000 people from across the country. It also found that 37% or 10 million workers are worried that their job will change for the worse over the next decade.

This is a growing fear as technology develops and things like automation and machine learning become the norm. If jobs are increasingly at risk this will put strain on the economy, cause social disruption and possibly inflate to the gap between the rich and poor.

Earlier this year, Sports Direct announced that 2,000 jobs were at risk as it moves to a new distribution centre that makes use of automation.

The Bank of England also warned that up to 15 million jobs could be under threat. The Centre for Cities thinktank estimated that workers in Wakefield, Mansfield and Sunderland were the most at risk of having their jobs replaced when compared to those in London and the south-east.

Those thought to be most at risk are those in lower-income and manual jobs. One suggestion that has been floated is the idea of a universal basic income to help the unemployed and those pushed out of work by technology.

 

Government support

The report urges the government and trade unions to provide more support for those with jobs at risk. However, most people said they did not believe the government or trade unions were making adequate preparations for these big workforce changes.

Only 10% of workers felt that the government was doing enough and only 16% said that the trade union in their workplace had made steps to ensure technology would not disrupt their working lives, but improve it instead.

The Fabian Society and Community commission aim to publish their full findings by early 2020 after extensive research into workplaces across the country.

Yvette Cooper said: “It’s vital that action is taken now to make sure technology creates new better jobs and that all workers benefit from new technology.

“We have to make sure that automation and the digital revolution don’t widen inequality and that everyone gets the help and support they need to get on. We need to ensure that automation is an opportunity and not a threat for British workers.”

 

Are you worried about your job or business in the face of new technology or are you more optimistic? Let us know your thoughts.

About The Author

Kara Copple

An experienced business and finance writer, sometimes moonlighting as a fiction writer and blogger.

More posts by this author
guest
0 Comments
Inline Feedbacks
View all comments

Read more posts...

Umbrella Companies for Self-Employed Contractors

When you set up in business as a contractor you might either work as a sole trader or as a limited company….

Read More

Get Ready for Small Business Saturday UK 2022

Small Business Saturday started in the US in 2010, on the first Saturday following Thanksgiving. It aims to encourage shoppers to consider…

Read More

Architects and Tax

Architecture is a highly diverse sector when it comes to tax. It’s partly down to the type of businesses that carry out…

Read More
Back to Blog...

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.

Bookkeeping

You only need this service if you want us to complete the bookkeeping on your behalf.

Would you prefer to complete your own bookkeeping?

Yes
No

Call us on 020 3355 4047 if you’re not sure.