Fourth industrial revolution, sustainable shopping habits, China renewables, and air pollution woes

THE impacts of automation on the labour market is emerging as a key concern at this year’s World Economic Forum (WEF) in Davos, which starts next week. WEF, which represents captains of industry from around the world, says in a new report, The Future of Jobs, that the so-called Fourth Industrial Revolution will lead to jobs displacement in “every industry and geographic region”. As robotics, nanotechnology, 3D printing and automated technology kick in, 7.1 million net jobs will be lost in 15 major developed and emerging economies (including the UK, US, Japan, India and China) by 2020, WEF estimates.

Most job losses will occur in routine white collar jobs, such as office and administrative roles. However, these losses will be partially offset by 2 million projected new jobs, with demand highest for data analysts and specialized sales representatives. Men will be proportionally the worst affected by automation, with five jobs lost for every one job gained. Women, in contrast, stand to lose three jobs for every one job gained. Based on forecasts from chief human resource officers and current employment data, WEF calculates that the highest ratios of jobs created per job lost will be in South-east Asia (3.72...

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industrial revolution  shopping habits  renewables  China  air pollution 

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