Changing Workforce / Industrial Robotics

World Economic Forum warns of 'vast number of jobs' being disrupted by automation and robots


Sep 27, 2017

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Global economies remain at risk from further shock and are "ill-prepared" for the next wave of "automation and robotization," according to the World Economic Forum's (WEF) latest global competitiveness report.

The Switzerland-based organization's 2017 Global Competitiveness Index, published Wednesday, assesses various factors driving countries' productivity and prosperity – including its institutions, infrastructure, education,innovation and labor market efficiency, among others, and showed a sharp divide between major global economies.

"Ten years on from the global financial crisis, the prospects for a sustained economic recovery remain at risk due to a widespread failure on the part of leaders and policy-makers to put in place reforms necessary to underpin competitiveness and bring about much-needed increases in productivity," WEF stated of its findings.

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