Technological unemployment is already affecting the prodigious sectors that contribute majorly to the economy. By now, we know that automation can lead to temporary and permanent unemployment in predominantly profitable sectors. The most significant aspect of automation technology powering every industry is due to precise and efficient output. A recent study notes that 4 out of 10 jobs globally would be lost by 2021 due to the growing adoption of automation in every sector. Automation technology and robots already cost millions of jobs in every economy, and Cornerstone capital survey says that this is not just it.
According to a […]
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