Robots will take old jobs and create new ones, says World Economic Forum

This Robotics & Automation article summarizes a new report from the World Economic Forum (WEF) focused on robots and jobs. The article is very upbeat and emphasizes that low-skilled labor will be replaced by high-skilled, higher-wage jobs. Within its report titled Reskilling Revolution: A Future of Jobs for All, the WEF strongly advocates for lifelong learning. Here is the report’s opening statement: As the types of skills needed in the labor market change rapidly, individual workers will have to engage in life-long learning if they are to remain not just employable but are to achieve fulfilling and rewarding careers that allow them to maximize their employment opportunities.

Re-training is the key to individual, business and regional success. There will absolutely be winners and losers in the emerging upheaval within worldwide labor markets. Those regions with unskilled laborers are most susceptible to job losses, but everyone should take heed. Those who embrace automation and re-training will uncover great opportunities for upward mobility on a global scale.

2018-09-17T18:05:23+00:00September 17th, 2018|Cobot Market Trends, Economic Development|