ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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financial
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human capital
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natural
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physical capital
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Detailed explanation-1: -WEF predicted that the rise of innovative technology would eliminate 85 million jobs by 2025. On the other hand, WEF also expects 97 million new jobs to be created, meaning an overall addition of 12 million jobs.
Detailed explanation-2: -Up to 73 million US jobs will be lost to automation by 2030 That’s a considerable 46% of the current jobs, which means automation will no doubt shake up the nature of the job market.
Detailed explanation-3: -According to MGI estimates, 60 million new workers will enter the workforce based on current demographics, and an additional 30 million workers could move from farm work to more productive nonfarm sectors.
Detailed explanation-4: -Over the next decade, the U.S. is projected to lose more than 1.5 million jobs to automation. China is slated to lose almost 12.5 million, the European Union will lose nearly 2 million jobs and South Korea will lose almost 800, 000. Other countries around the world are expected lose 3 million jobs to robots by 2030.