Robots & AI creating more jobs in Asia than they destroy | Internet of Business
The belief that robots, automation, and AI simply displace jobs and make humans irrelevant is not borne out in Asia, reports Chris Middleton. However, there are lessons to learn from the technologies’ impact – in Asia and the rest of the world.
Robots and automation are creating more jobs in Asia than they destroy, according to a new report from the Asia Development Bank (ADB).
ADB analysis of a dozen Asian economies between 2005 and 2015 found that rising demand more than compensated for jobs lost to automation. The adoption of robotics and other connected systems stimulated higher productivity and economic growth, creating 134 million new jobs, compared with the 101 million lost to new technologies.