World Bank: Automation threatens jobs in developing nations, 69% cuts in India
High number of jobs in India is under risk due to automation, a research based on World Bank data has revealed, noting that technology could fundamentally disrupt the pattern of traditional economic path in developing countries.
According to the research, the proportion of jobs threatened by automation in India is 69 percent, 77 percent in China and as high as 85 percent in Ethiopia.
Stating that technology is fundamentally reshaping the world, the report said we need to understand the paths to economic growth that will be available for these countries and then adapt our approach to infrastructure accordingly.
“If technology leads to fundamental transformations in the kind of jobs available in developing countries, we have to increase our focus on our second major pillar in pursuit of the twin goals – investing in people,” World Bank president Jim Kim said in the report.
The report also argued that the traditional economic path from productive agriculture to light manufacturing and then to large scale industrialization may not be possible for all developing countries.
“In large parts of Africa, it is likely that technology could fundamentally disrupt this pattern’’ it added.
According to Jim Kim, if technology makes changes in the kind of jobs available in developing countries, we have to increase our focus on our second major pillar in pursuit of the twin goals – investing in people.
Recently, Infosys co-founder Nandan Nilekani said that a lot of jobs that exist today will not survive in future, highlighting the need to overhaul India’s education system.
People will have to go in for lifetime continuous learning mode and learn new ideas and skills throughout their working career. Thus, the education system will have to respond with a whole new model of providing life-long education, he added.