Fears over jobs in face of technology advancement unfounded, says World Bank senior economist

Fears over jobs in face of technology advancement unfounded, says World Bank senior economist

There is not much evidence to suggest that advances in technology will result in wholesale displacement of human labour. – REUTERSPIX PETALING JAYA: Fears of a scarcity of jobs over the exciting trends and rapid breakthrough in artificial intelligence (AI), robotics and internet of things resulting an eventual end to employment of human labour are unfounded, according to the World Bank’s senior economist, Achim Schmillen.

He pointed out there is not much evidence to suggest such an outcome.

“Apart from Covid-19 crisis where there is a significant drop in employment across the board, the broader medium and longer term trends in […]

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