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LATEST NEWS UPDATES | Automation Raises Risk Of Job Loss. Upskill, Say Experts -Aprameya Rao

Automation Raises Risk Of Job Loss. Upskill, Say Experts -Aprameya Rao

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published Published on Aug 22, 2022   modified Modified on Aug 23, 2022

-NDTV.com

A recent report by an international research and advisory company forecasts a grim future for the job market in the five biggest economies of Asia Pacific, including India.

By 2040, the working population of these five economies -- India, China, South Korea, Australia, and Japan -- are at a higher risk of automation than North America and Europe, notes Forrester in its latest report 'Future Of Jobs Forecast, 2020 To 2040'.

As per the report, over 247 million jobs across the five economies are expected to be in "jeopardy across industries more susceptible to automation."

While 69 per cent of jobs in India will be under threat from automation, the report adds that the country's main priority will be job creation to accommodate new workers entering the workforce.

While Japan, South Korea and China will see their workforce contract by 19%, 23% and 11% respectively, largely due to an aging population, India will add 16 crore new workers in the next 20 years.

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NDTV.com, 22 August, 2022, https://www.ndtv.com/jobs/experts-stress-on-upskilling-workforce-to-offset-automation-driven-job-loss-3277051?fbclid=IwAR3pYEKQ1LtdMbYdrXY0n2MwobXcTNdMo8lH_JWMGSctBWdCXDXVccbdbj4


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