- Increased job displacement and retraining needs
- Shift in job skill requirements
- Creation of new job opportunities
- Impact on income inequality
Increased job displacement and retraining needs
As automation continues to advance, more jobs are at risk of being displaced by AI, robotics, and automation. This will lead to a greater need for retraining and upskilling programs to help displaced workers transition into new roles.
Shift in job skill requirements
The rise of automation will also lead to a shift in job skill requirements, with a greater emphasis on technical and digital skills. Workers will need to adapt to these changing skill demands to remain competitive in the job market.
Creation of new job opportunities
While some jobs may be eliminated by automation, new job opportunities will also be created. These may include roles related to the development, maintenance, and oversight of automated systems, as well as positions in industries that benefit from increased efficiency and productivity.
Impact on income inequality
The impact of job automation on income inequality is a concern, as lower-skilled workers may face greater challenges in finding new employment opportunities. This could exacerbate existing income disparities and lead to a greater need for policies addressing economic inequality.