Access Selected Content from Financial Times on Moneycontrol Pro

Access Selected Content from

Financial Times on Moneycontrol Pro

SENSEX
NIFTY 50
Hang Seng
Taiwan Weighted
MCX GOLD DEC 04
MCX SILVER DEC 04
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD DEC 04
MCX SILVER DEC 04
MCX CRUDEOIL DEC 18
MCX NATURALGAS DEC 28
USD/INR
EUR/INR
GBP/INR
JPY/INR

Nifty could see resistance at 13,150 zone: IIFL's Anu Jain

Asian shares grind lower amid vaccine doubts, economic concern

Gold trades flat; may face resistance at Rs 48,900 per 10 gm

Rupee slumps 35 paise to 74.76 against US dollar

Technology

Technology will lead to a structural shift in jobs available: WEF report

Updated : October 21, 2020 09:23 PM IST

COVID-19 is one of the biggest crisis of our time. It has impacted every single one of us and has disrupted every sector of the economy. The automation of work, combined with the global recession, has led workers to lose their jobs at an accelerated pace compared to previous years. And this trend --according to the Future of Jobs report from World Economic Forum (WEF) -- is expected to continue.

Faster than expected workforce automation would displace around 85 million jobs globally in medium and large businesses across 15 industries and 26 economies. That's the key highlight of the World Economic Forum report that has studied the impact of automation in workplaces. The report also highlighted that 97 million new roles may emerge that are more adapted to the new division of labour between humans, machines and algorithms.

Vesselina Stefanova Ratcheva, lead author of the report on the future of jobs said, "The first thing that we are seeing is the trend that we are being tracking for the past five years is still on pace and actually accelerating. The labour market is changing in response to businesses absorbing technologies. Over medium to long term these technologies are going to make our work better, but at the same time they are causing a structural shift in the jobs that are going to be available."

"This shift is a risk to workers who don’t have their adequate availability of training either through their employers or through government programs," he added.

For more, watch the video.

You May Also Like

Carlyle Group in advanced stages to acquire Granules India for around $1 billion, say sources

Carlyle Group in advanced stages to acquire Granules India for around $1 billion, say sources

Govt caps surge pricing by cab aggregators at 1.5 times of base fare, issues other guidelines

Govt caps surge pricing by cab aggregators at 1.5 times of base fare, issues other guidelines

RBI has set precedence in LVB bond write-off, will hurt other banks: Report

RBI has set precedence in LVB bond write-off, will hurt other banks: Report

Trending on CNBC-TV18

Live TV

recommended for you