Not only will 75% of jobs go to automation, the developing world may also see swaths of companies leaving their shores and returning to developed nations, as labor will be less of a factor for industry. Plans, such as a universal basic income, need to be initiated before this process proliferates and these regions are plunged into even more dire circumstances. [Read More]
Summary… * Machine-Made
This translates to some staggering numbers: Two-thirds of all jobs in developing countries might be lost to automation.
The report continues by stating that automation could cause economic activity, like the manufacturing industry, to be reshored to developed countries from developing ones.
In the future, as automation continues to scale in the developing world, this rate will likely change dramatically.
How do we alleviate the impact that the robots/automation have on the developing world?
“Disruptive technologies always bring a mix of benefits and risks,” the report says.
Opinion… * Man-Made