The Dark Shadow Shrine

embrace the darkness; that you may see the light nestled within it......

Saturday, January 05, 2019

Robots aren't yet killing off all jobs, says World Bank

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While technological advances in automation are starting to handle thousands of routine tasks and will eliminate many low-skill jobs in advanced economies and developing countries, they are also creating opportunities for different, more productive and more creative jobs.

Instead of less advanced skills that can be replaced by technology, employers will increasingly be looking to hire people with advanced cognitive skills, like complex problem-solving, teamwork, reasoning and communication talents.



One major area of concern for the World Bank is the impact the technological shifts will have on developing countries in Africa and elsewhere hoping to catch up to more advanced peers.In the past, these regions could rely on growing their economies by taking advantage of low wages in their own country and opening up to foreign trade. But salaries are less relevant if machines replace more people, which could hinder the countries' efforts to catch up