Humanoid robots developed by UBTECH perform a synchronised dance at the World Intelligent Manufacturing Summit in Nanjing, Jiangsu province, China. (Reuters) While the automation wave is sending shockwaves in the job market, a report by Asian Development Bank may give reasons to smile to the already nervous employees who fear job loss with robots taking over humans.
The report makes few observations on how new technologies drive higher productivity, which is the foundation for better-paid jobs and economic growth. While new technologies displace jobs, they also unleash countervailing forces that generate more jobs.
According to a report on ‘How Technology Affects […]
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