Close X
Tuesday, November 5, 2024
ADVT 
Interesting

Beware! You May Soon Lose Your Job To Robots

IANS, 08 Oct, 2016 04:46 PM
    Automation threatens 69% of jobs in India, 77% in China, according to a World Bank research which says that technology could fundamentally disrupt the pattern of traditional economic paths in developing countries.
     
    "As we continue to encourage more investment in infrastructure to promote growth, we also have to think about the kinds of infrastructure that countries will need in the economy of the future. We all know that technology has and will continue to fundamentally reshape the world," World Bank President Jim Yong Kim said.
     
    "But the traditional economic path from increasing productivity of agriculture to light manufacturing and then to full-scale industrialisation may not be possible for all developing countries," Kim said in response to a question at the Brookings Institute during a discussion on extreme poverty yesterday.
     
    "In large parts of Africa, it is likely that technology could fundamentally disrupt this pattern. Research based on World Bank data has predicted that the proportion of jobs threatened in India by automation is 69%, in China it is 77% and in Ethiopia, the percentage of jobs threatened by automation is 85%," he said.
     
     
    "Now, if this is true, and if these countries are going to lose these many jobs, we then have to understand what paths to economic growth will be available for these countries and then adapt our approach to infrastructure accordingly," Kim said.
     
    He said one child policy could have been reason of sharp decline in child stunting and malnutrition, which is now at 10%.
     
    "The one child policy could have been part of it, but anyway the point is, that if you look at educational outcomes and things like child stunting, India is at 38.7% child stunting, they are literally walking into the future with 40% of their workforce probably being unable to compete in the global digital economy, whereas China over the years has brought it down very, very low," Kim said.
     
    "In India, it is probably partly because of sanitation that children are often in a just constant diarrheal stage, because of open defecation. There is a lot of different pieces of it. But I have been saying to the leaders of these countries that have these high stunting rates, there is like an emergency for you, you have got to tackle it," Kim said

    MORE Interesting ARTICLES

    Britain's Youngest Indian Parliamentarian Jitesh Gadhia Takes Rig Veda To The House Of Lords

    Britain's Youngest Indian Parliamentarian Jitesh Gadhia Takes Rig Veda To The House Of Lords
    Britain's newest Indian-origin peer marked his entry to the House of Lords by swearing his oath of allegiance to Queen Elizabeth II on the 'Rig Veda'.

    Britain's Youngest Indian Parliamentarian Jitesh Gadhia Takes Rig Veda To The House Of Lords

    Most Chinese Don't Regret Air China's Racist Advisory, Says State Media

    Most Chinese Don't Regret Air China's Racist Advisory, Says State Media
     'Be Cautious In Areas Populated By Indians, Pakistanis And Black People When Visiting London'

    Most Chinese Don't Regret Air China's Racist Advisory, Says State Media

    World-First Fitness App For Dogs Developed In Australia

    World-First Fitness App For Dogs Developed In Australia
    Doglogbook app will give smartphone users to log the activities of their pet in a usual day like - eating, walking, playing and rate the enjoyment it gets from each activity.

    World-First Fitness App For Dogs Developed In Australia

    Gaylord The Iguana Found Cold, But Ok Under Neighbour's Deck In Edmonton

    Gaylord The Iguana Found Cold, But Ok Under Neighbour's Deck In Edmonton
    His owner, Mary Ann Holm, was frantic to find him, even offering a reward of $1,000.

    Gaylord The Iguana Found Cold, But Ok Under Neighbour's Deck In Edmonton

    Young Chocolate Entrepreneurs Emerge In World's Cocoa Leader

    Young Chocolate Entrepreneurs Emerge In World's Cocoa Leader
    The 27-year-old Mroueh is among an emerging group of chocolate makers who are trying to show this steamy West African country that it can take more control over its cocoa industry, from bean to bar, and win over the local market.

    Young Chocolate Entrepreneurs Emerge In World's Cocoa Leader

    Facebook Co-Founder Dustin Moskovitz Donates $20 Million To Defeat Donald Trump

    Facebook Co-Founder Dustin Moskovitz Donates $20 Million To Defeat Donald Trump
    Facebook co-founder Dustin Moskovitz is committing $20 million to help Hillary Clinton and defeat her rival Donald Trump in the upcoming US presidential election.

    Facebook Co-Founder Dustin Moskovitz Donates $20 Million To Defeat Donald Trump