Technology changes led to job losses in the past too, as McKinsey points out, important to retool labour force. (Image: Reuters) Robots threaten over 100 million jobs in India, 800 million worldwide, screams the headline of one financial daily while describing the findings of the latest report on automation and robots by the McKinsey Global Institute (MGI). Not surprising, you’d think, especially since many others, including MGI itself, have warned about the alarming potential loss of jobs to robots and other forms of artificial intelligence (AI)—typically 30-40% of jobs in many sectors—over the past few years. Yet, as Thursday’s […]
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