It’s a common belief that low-wage workers will be hit the hardest by advanced robots in the workplace and, according to a new United Nations report, few places will feel it more than developing countries.
The developing world stands to lose “about two thirds of all jobs,” according to the report from the UN Conference on Trade and Development. That’s a staggering figure, and well above most credible estimates for job losses due to automation in the West.
“The increased use of robots in developed countries risks eroding the traditional labour cost advantage of developing countries,” the report states. “Adverse effects for developing countries may be significant.”
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