Asian Development Bank President Takehiko Nakao today called for progressive taxation and government policies, including universal healthcare, to shield workers from job losses in the advent of newer technologies like robotics and artificial intelligence.
In the ‘Asian Development Outlook 2018’ released last month, Asian Development Bank (ADB) had said that workers need to upskill or face the risk of lower wages and even unemployment as the application of new technologies will boost productivity but displace certain jobs.
"We need policies to support people who are behind the technological development and some people may lose jobs as they are not trained. We […]
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