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LATEST NEWS UPDATES | The orphans of the Fourth Revolution -Richard Mahapatra

The orphans of the Fourth Revolution -Richard Mahapatra

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published Published on Jan 24, 2021   modified Modified on Jan 25, 2021

-Down to Earth

With an estimated 85 million jobs to be lost to automation by 2025, the development divide is set to deepen

One year into the novel coonavirus disease (COVID-19) pandemic, crowds returning to markets bring us a sense of normalcy returning to our lives. But there is an uncomfortable feeling that continues to hit us.

From the neighbourhood grocery shop to the shopping malls, the thinning of the employed workforce is easily perceivable. This resembles the aftermath of the Fourth Industrial Revolution.

We have experienced three such defining revolutions in the past: First, the industrial revolution that used water and steam to mechanise our production process; second, the use of electric power to enable mass production; and the third one is to do with the digitisation of our life and time.

The Fourth Revolution is based on the third one and heading to the automation of most things we interface, use or produce. The pandemic has hastened its onset.

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Down to Earth, 24 January, 2021, https://www.downtoearth.org.in/blog/economy/the-orphans-of-the-fourth-revolution-75177?fbclid=IwAR1QInmo6CRnNNFM7n90OgUKqyhpefRRWwvScnBoWINtZ4awPGjeQaVC1q0


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