Certain jobs are likely to be performed more accurately and efficiently by machines, leading to the real threat of job losses
Whilst the phenomenon of job displacements is not new, there is a likelihood that more jobs may be lost than new ones that might be created in the 4th industrial revolution. For developing nations specifically, these job displacements are potentially disastrous for economic growth.
In today’s world of work, digital skills are essential for every working professional. Regardless of the nature of the job, the combination of digital literacy skills and deep technical skills is a worthwhile investment for professionals to make.
Averting job displacements is not about reversing the impact and proliferation of emerging technologies, but rather elevating the role and competitiveness of workers along machines.