OECD Explains Risks of Automation and Its Impact on Future of Work

The rise of new technologies such as Artificial Intelligence (AI), industrial robotics, rapid globalisation and digital transformation has already begun reshaping the world of work.

These technological advancements deliver the promise of better and more convenient lives to many, but also disrupt the way of work. 14 percent of existing jobs could disappear as a result of automation in the next 15-20 years, with another 32 per cent set to change radically, according to a new report from the Organisation for Economic Cooperation and Development (OECD).

The OECD Employment Outlook 2019 foresees major challenges for the future of work, but with the right policies, these risks can be mitigated. To help workers, firms, and countries adapt to the changing world of work, the OECD proposes in this Outlook a Transition Agenda for a Future that Works for All. The report highlights the need to help workers in their job transitions through effective and timely employment services as well as prevention and early intervention measures.

Source: Devdiscourse

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