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...
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