The new technology revolution – impact on SL

The new technology revolution - impact on SL

By C.R. de Silva,
Retired World Bank Official

Revolutionary changes in technology, following on the heels of globalization, are changing the world economy as a result of the evolving changes in employment and resulting wage patterns in the industrialized economies. The overriding structural issues facing the advanced economies are creeping job insecurity and the need for providing productive employment and adequate salaries for affected workers to take care of their families, in the wake of progressive use of robots and also ‘artificial intelligence’ (AI). This is occurring in diverse sectors of industrialized economies with a wave of robotic machines and […]

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