Robots aren't yet killing off all jobs, says World Bank

A Nepali-made robot waiter picking up food from the kitchen for customers at a Kathmandu restaurant. While technological advances in automation are starting to handle thousands of routine tasks and will eliminate many low-skill jobs, they are also cr
A Nepali-made robot waiter picking up food from the kitchen for customers at a Kathmandu restaurant. While technological advances in automation are starting to handle thousands of routine tasks and will eliminate many low-skill jobs, they are also creating opportunities for different, more productive and more creative jobs, says the report.PHOTO: AGENCE FRANCE-PRESSE

Its report stresses that nature of work in future will evolve

BRUSSELS • The rise of automation has so far had a negligible impact on jobs at a global scale, the World Bank chief economist said, despite common gloomy predictions that humans are set to be replaced by machines.

While advanced economies have shed industrial jobs over the last two decades, the rise of the same sector in East Asia has more than compensated for the loss, according to an annual report published by the Washington-based international financial institution.

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A version of this article appeared in the print edition of The Straits Times on January 04, 2019, with the headline 'Robots aren't yet killing off all jobs, says World Bank'. Print Edition | Subscribe