Automation Set To Hit Workers In Developing Countries Hard

Automation Set To Hit Workers In Developing Countries Hard.

We are in the midst of the Fourth Industrial Revolution and although we hear little about it, it certainly is changing the scenes in factories around the world. Hundreds of thousands of manufacturing workers in China, once the electronic production hub of the world, due to its lower production costs, had been replaced as a result of advances of robotics in various industries. Perhaps within a year, China will overtake the U.S.A. and Germany as the largest investor in industrial automation. What it does mean is that unless workers are scaled up in their training to take on more sophisticated industrial processes, their prior know-how will no longer enable them to apply themselves to new technologies in factories around the world. In this sense, the workforce in the developing nations will be hit the hardest as automation gradually overtakes them, compared to workers in developed countries. Of course, the question on everyone’s mind is, will new jobs in the advanced countries match the growing numbers retrenched by automation. It seems unlikely. This article looks at some of these conundrums in the not so distant future world for our children and young people. Perhaps the elephant in the room is how are our present educational institutions are preparing for this change already taking place worldwide?

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