According to a report by the UN Conference on Trade and Development, not only will automation take away two thirds of all jobs in developing countries, but it will also see those factories going back to the developed world. Already there has been a report on the decline of factory jobs in China thanks to robots, while self-driving trucks alone will have a remarkable impact all over the United States.
In short, this means that low-skill jobs in developing countries are more vulnerable, as these jobs could rather easily be done by robots, robots which would replace human low-skill labor in these countries. This translates to some staggering numbers: Two-thirds of all jobs in developing countries might be lost to automation.
The report continues by stating that automation could cause economic activity, like the manufacturing industry, to be reshored to developed countries from developing ones. If you aren’t familiar with this term, “reshoring” is the act of bringing back domestic manufacturing to a country. It is already happening today, but according to the report, it’s happening at a slow pace.
|What Happens When the Oil Runs Out?|
|"Renewable are no longer ‘alternative.’ Rather, fossil fuels are increasingly ‘legacy.’"|
|The Feasibility of Building a Green Economy|
|"Think about what a child born today could plausibly expect to witness in her or his lifetime."|
|"The Internet of Things is going to be a security and privacy disaster."|
|“Eliminating the time needed to stop and re-charge a conventional electric car’s battery.”|
|“Nobody is forcing the participants to stay, of course, but if they leave, they won’t be paid.”|
|“That science fiction future where robots can do what people and animals do may be closer than you think.”|
|Making a Movie Inside a Video Game|
|“This 160-step biochemical process is very well studied, and surprisingly inefficient.”|
|Google Map Shows You the Most Photographed Areas of the World|
|“We’re going to start to see chip implants get the same realm of acceptance as piercings and tattoos.”|
|“During this phase of decline, the US was likely to go through a phase of reactionary 'fascism'.”|
|“The shift from fuel and pistons to batteries and electric motors is unlikely to take that long.”|
|“Our Internet handlers, not government, are using operant conditioning to modify our behaviour today.”|
|“Within 30 years, half of humanity won't have a job. It could get ugly — there could be a revolution.”|
|“The algorithm chose; Max attended.”|