Rise of the robots threatens the poor

Automation and the march of the robots will prove most disruptive to the world’s poorest nations, with 85 per cent of all jobs in Ethiopia in danger of being lost, according to new analysis.

Nepal, Cambodia, China, Bangladesh and Guatemala are among the other countries most at risk from “premature deindustrialisation”, according to research by Citi, the US bank, and the Oxford Martin School, a research and policy unit of the UK university.

“There is a really strong [negative] relationship between countries’ level of income and their susceptibility to automation,” says Carl Benedikt Frey, co-director of the Oxford Martin programme on technology and employment.

The findings come a week after the World Economic Forum said more than 5m jobs will be lost globally by 2020 as a result of advances in artificial intelligence, robotics and other technological change. (The scale of this growth, in robotics at least, is indicated in the first chart).

via Financial Times Rise of the robots threatens the poor

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