April 30, 2019

Automation threatens to transform society

The spectre of automation could undermine casual workers in the near future.

The Organisation for Economic Co-operation and Development (OECD) has fired a shot at Australian businesses and workers with claims that over a third of jobs are at risk of being lost due to automation.

However, the OECD tempered its warning by adding that despite widespread anxiety about job destruction driven by technological change and globalisation, a “sharp decline in overall employment is unlikely”.

Written by George Tchetvertakov
Published by Small Caps