A recent ADB report says, "The anxiety over automation is overblown." © Reuters HONG KONG — Despite rising worries that artificial intelligence and robots will displace humans in a wide range of occupations, the Asian Development Bank says such technological developments will on the whole result in more job opportunities.
Central to this view is the bank’s assessment of the relative cost of new technologies, even for automating labor-intensive work like garment sewing. Chief Economist Yasuyuki Sawada told Nikkei Asian Review in an interview that such automation is "technically feasible, but not necessarily economically feasible."
"I think sewing bots cannot really […]
Full Post at asia.nikkei.com