Robots reduce hours worked and wages for low- and middle-skilled workers, but has no significant effect on high-skilled workers. Photo: Bloomberg Will the Fourth Industrial Revolution and widespread automation lead to job losses in countries such as India? Some reports have been alarming—a paper by Frey and Rahbari said China risks losing 77% of jobs to automation, while India risks losing 69%. Thankfully, a new study by the Asian Development Bank on how technology affects jobs gives us hope.
Since fears of job losses have been with us since the days of the Luddites, the key question is: is the […]
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