Automation generates more jobs opportunities in Asia than it demolishes

Automation generates more jobs opportunities in Asia than it demolishes

According to a new report from the Asia Development Bank (ADB), new technologies like robots, automation, and Artificial Intelligence (AI) are creating more jobs in Asia than they destroy. Figure 1: The adoption of robotics and other connected systems stimulated higher productivity and economic growth, creating 134 million new jobs, compared with the 101 million lost to new technologies. Using productivity as a broad measure of technological advance, ADB’s input/output analysis of 12 economies in Asia found that, had output remained the same. Technology-driven increased productivity would have brought a 66 percent decrease in employment , equal to 101 […]

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