The world has experienced four industrial revolutions and as each has unfolded, so have dire predictions of massive job losses. Looking back at the first three, it is clear that concerns were misplaced. The number of jobs increased each time, as did living standards and every other social indicator. McKinsey predicts that 800 million workers could be displaced in 42 countries — a third of the workforce — because of the Fourth Industrial Revolution (4IR). Although similar predictions were made at the onset of each revolution of the past, could there be something more to it this time? A […]
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