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.
|Space Exploration Will Be Quite Unlike Anything Seen Before|
|When do ice ages begin?|
|“Strangers in iPad masks pretending to be you.”|
|Signs of the Near Future|
|“What jobs will be created and what jobs will disappear?”|
|Gira Lab Universal Timer|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|Boston Dynamics' Robot does Parkour|
|How to Avoid Jury Duty|
|“Computer algorithms increasingly control and decide our future.”|
|CaptchaTweet: Write Tweets in Captcha Form|
|Why, Typewriters Are Alive and Well, Thank you|
|“Robots are key to a new wave of local agriculture.”|
|The (Very Scary) People of Public Transit|
|“Authoritarianism depends upon people getting used to hearing the things that they want to hear.”|
|“Long live the instant gratification economy—and the increasingly sophisticated technology that’s enabling it.”|