By: Eleazer Corpuz
November 11, 2016
From recent reports, it may seem like automation only affects those in developed countries; however, a report from the UN Conference on Trade and Development recently noted the ways in which automation impacts those in developing countries—and it seems that it impacts these nations even more than the industrialized world.
The report explains, “The increased use of robots in developed countries risks eroding the traditional labor-cost advantage of developing countries.” It cites another report from the World Bank that states, “The share of occupations that could experience significant automation is actually higher in developing countries than in more advanced ones, where many of these jobs have already disappeared.”