Article: The argument against automation’s impact on jobs

premium#AutomationAndJobs

The argument against automation’s impact on jobs

Automation may not be eliminating jobs, but does automation restrain job-creation? This section of the Cover Story reflects upon that.
The argument against automation’s impact on jobs
The Cover Story has established that organizations are not at the level of maturity wherein automation can eliminate jobs . And going by the data, (and, considering Foxconn’s mass exodus of 60,000 people due to automation as an anomaly), even if it was to be concluded that automation hasn’t resulted in job losses (yet), it is still important to look at the potential argument – has automation slowed job creation? The IT/BPO industry may have created 76,000 jobs  in 2015, but it is equally important to note that this is less than half the number of the jobs created in the same sector in the year 2014. And this is just one sector. Job creation has significantly gone down, so much so, that job creation in 2015 in India was the lowest since the 2008 recession. While there is no data to establish a direct correlation between technological advancements and the slowdown in job creation, it has to be considered as an important cog in the wheel. For the first time i...

Topics: AutomationAndJobs, HR Technology, Technology

This is a premium content.

Please login if you are a paid subscriber.

or

Get unlimited access to People Matters and Mobile App!

Subscribe now

Author

On News Stands Now
q_auto,f_auto/v1560247231/mag-june-2019.png

Subscribe now to the All New People Matters in both Print and Digital for 3 years.

In the next three years, 120 million jobs in the world’s 10 largest economies will need retraining or re-skilling. To adapt to this new environment and help shape it, employees need to embrace continuous learning. Amid these changes, HR needs to not think, act, or be like traditional HR; they need to understand their job is now “human transformation”. In this issue, we will focus on what HR leaders and organizations need to consider today to prepare for tomorrow.

Subscribe
And Save 59%

Subscribe now