The world stands on the brink of the Fourth Industrial Revolution, powered by a wide range of new technology breakthroughs — Artificial Intelligence, Machine Learning, advanced robotics, Internet of Things, cloud computing and 3D printing — and the revolution is expected to result in major changes in the labour market globally by reducing the demand for middle-skilled workers doing repetitive tasks, and increasing the demand for more highly-skilled workers and also low-skilled workers doing non-routine work.
While many developed countries, such as the US, Japan and several European economies, are already experiencing this labour market polarisation, the market is also […]
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