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

    Chinese Parents Are Taking Kids as Young as Three to 'CEO Training Courses'

    Chinese Parents Are Taking Kids as Young as Three to 'CEO Training Courses'
    In a bid to give their children a head start in life, wealthy Chinese parents are enrolling them in all kinds of early education programs, including CEO training courses.

    Chinese Parents Are Taking Kids as Young as Three to 'CEO Training Courses'

    Meet This Self-Proclaimed Vampire Who Drinks Blood and Sleeps in a Coffin

    Meet This Self-Proclaimed Vampire Who Drinks Blood and Sleeps in a Coffin
    Darkness Vlad Tepes, a young Englishman who has been living as a vampire for the last 13 years, says he is regularly bullied for his different lifestyle and just wants to be treated as a normal person.

    Meet This Self-Proclaimed Vampire Who Drinks Blood and Sleeps in a Coffin

    This Zero-star Swiss Hotel is Just a Bed on a Mountain

    This Zero-star Swiss Hotel is Just a Bed on a Mountain
    Located 6,463 feet above sea level in the middle of the Swiss Alps, the Null Stern concept hotel takes the minimalist approach to the extreme, removing the walls, roof, basic amenities like toilets and leaving guests with just a king-size bed and a stunning 360-degree view to admire.

    This Zero-star Swiss Hotel is Just a Bed on a Mountain

    Meet The $99 Doll That Parents Are Desperate To Buy

    Meet The $99 Doll That Parents Are Desperate To Buy
    One of these sold-out toys actually went for as much as 350 dollars on eBay, while thousands of parents are on a waiting list

    Meet The $99 Doll That Parents Are Desperate To Buy

    Watch: Indian Girl Who Sneezes 8,000 Times a Day Leaves Doctors Baffled

    Watch: Indian Girl Who Sneezes 8,000 Times a Day Leaves Doctors Baffled
    Her mother is desperate to help, but doctors aren't even sure what is causing the unusual sneezing bouts.

    Watch: Indian Girl Who Sneezes 8,000 Times a Day Leaves Doctors Baffled

    Financial Times' Story On Qatari Princess' Orgy With 7 Men In London Disappears From Website

    Financial Times' Story On Qatari Princess' Orgy With 7 Men In London Disappears From Website
    An alleged scandal about Qatari princess which Financial Times, a British publication  reported has been termed 'fake'. 

    Financial Times' Story On Qatari Princess' Orgy With 7 Men In London Disappears From Website