Dhaka, June 26 -- Up to 20 million manufacturing jobs around the world could be replaced by robots by 2030, according to analysis firm Oxford Economics, reports BBC.

People displaced from those jobs are likely to find that comparable roles in the services sector have also been squeezed by automation, the firm said.

However, increasing automation will also boost jobs and economic growth, it added.

The firm called for action to prevent a damaging increase in income inequality.

Rise of the robots

Each new industrial robot wipes out 1.6 manufacturing jobs, the firm said, with the least-skilled regions being more affected.

Regions where more people have lower skills, which tend to have weaker economies and higher unemployment rates anywa...