Barclays says humanoid robots can offset 60% of China’s 37M worker shortfall by 2035
The British bank’s new note estimates humanoid robots can offset 60% of the projected labour-force decline by 2035, with China’s workforce shrinking by 37 million people over the next ten years. Up to 24 million humanoids would be needed.
Barclays published a research note estimating that China’s deployment of humanoid robots could offset as much as 60% of the country’s projected labour-force decline by 2035.
The arithmetic underneath the note is the part that gives the number its sharpness. China’s working-age population is, on Barclays’ demographic forecasts and a 65% participation-rate assumption, expected to contract by 37 million people over the next ten years.
Manufacturing is roughly a quarter of China’s economy, so a 37-million-worker decline is not, on the bank’s framing, a slow-acting demographic question. It is an industrial-based risk that arrives within a single decade.
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