Robotic arms insert shock absorbers on a line of vehicles on the assembly line at the Volkswagen factory in Wolfsburg, Germany, on Oct. 30, 2018. (Krisztian Bocsi/Bloomberg News) The rise of automation has so far had a negligible impact on jobs at a global scale, the World Bank chief economist says, despite common gloomy predictions that humans are set to be replaced by machines.
While advanced economies have shed industrial jobs over the last two decades, the rise of the same sector in East Asia has more than compensated for the loss, according to an annual report published by the […]
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