Technological advancements have created an estimated net 600,000 jobs in Southeast Asia over the past five years, according to the World Bank’s latest East Asia and Pacific Economic Update.
The report, released during an online conference on Tuesday, reveals that despite concerns over automation-related job losses, the adoption of industrial robots and artificial intelligence (AI) has led to unexpected employment growth in the region. "Between 2018 and 2022, the integration of robotics into manufacturing processes generated approximately 2 million skilled positions in formal employment sectors," said World Bank East Asia and Pacific chief economist Aaditya Mattoo . "While this […]
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