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What is Automation Risks for Developing Nations about?

Developing countries are at much higher risk of job losses due to automation compared to developed countries. A 2016 Oxford report found that countries like Ethiopia, China, Thailand and India have over 65% of jobs at risk of automation, significantly higher than the OECD average of 57%. By contrast, developed countries like the UK and US are at 35% and 47% risk respectively. This is because labor is much cheaper in developing countries, so there is less incentive for firms to invest in new technologies. To

Author

Ivanovha Grace

Language

EN