IMPACT OF AUTOMATION ON WORKFORCE – AN ANALYSIS OF THE WORLD DEVELOPMENT REPORT 2019
Keywords:
Automation, Workforce, DevelopmentAbstract
Increasingly outperforming humans in all spheres that were earlier assumed to require human judgment and experience. The solace of few limitations on Artificial Intelligence is short lived, given the speed at which it is developing. The emergence of Artificial Intelligence is a giant step towards changing the face of human civilization altogether, either in form of unprecedented progress as advocated by Zuckerberg or wiping them off from the earth as affirmed by Stephen Hawking and Elon Musk. 1 The growth in the application of automation has been vigorously debated among economic planners, think tanks and public policy analysts alike. The World Development Report 2019 titled The Changing Nature of Work (Working Draft) discusses the impact of technology on work across various sectors on a positive note and the need to focus on building human capital to be in tandem with such changes. The overwhelming rate of technological advancement and the fears of disruptive consequences for labour across world are not unprecedented. History is evident of the fact that the deployment of new technologies leads to erosion of previous jobs but creation of new jobs which could not be predicted at the time.
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