This week, the World Economic Forum (WEF) released a report stating that in the coming years, robots and AI will replace 75 million jobs globally. At first, this is due to four specific technological advances—ubiquitous high-speed mobile internet; artificial intelligence; widespread adoption of big data analytics; and cloud technology. By 2022, thanks to smart algorithms and advanced robotics, almost 60% of those organisations surveyed expect to have significantly modified how they produce and distribute their products.
As a result, the productivity of existing jobs will improve dramatically, resulting in the loss of many of those jobs. The WEF report sees robots replace jobs in any industry, but especially in accounting firms, factories and post offices, as well as secretarial roles and cashier work. It is no surprise that low-skilled jobs are most at risk for automation, but it will also require governments to act on-time to prepare manual workers for this coming change.
Governments have to act now
Governments have to prepare safety nets for those people that will lose their jobs. They have to provide the right regulation to help those people that will undoubtedly lose their job and will have difficulty in finding a new job. They can do so by focusing …