As of now jobs which are mostly dependent on automation include lower skilled jobs, and this is bound to increase to higher skilled jobs in the near futute. According to the Institute for Public Policy Research (IPPR) in the United Kingdom robots may not be that bad but it does have an impact which could lead to wage inequality.
The fear of automation taking jobs, is overrated according to IPPR. IPPR suggests that automation will increase productivity to 0.8% to 1.4%. This could increase higher for low wage jobs compared to higher wage jobs.
According to statistics, the transport, manufacturing, whole sale and retail trade have the most likelihood of becoming more than 50% automated in terms of work needed to be done.
Automation will also see to bring in plenty new jobs, and hence it is witnessed that the British need to learn more about automation and start seizing these opportunities.
Automation is seen to play a very different role in India. According to DD Mishra, Research Director at Gartner almost 70% of the Indian workforce will become irrelevant due to automation.
“Ongoing reductions of headcount in outsourced businesses (due to automation) will eventually result in a scenario where (only) 30 per cent of the workforce will remain relevant,” Mishra said.
India being an outsourced partner to many developed nations are encouraged to invest in automation tools. This according to the developed nations and its companies headquartered there, will lead to increase in scale and competitiveness.
“Overseas clients of the software services industry are asking their Indian offshore vendors to invest on automation tools. In some cases, clients are willing to fund as they seek a 5-10 per cent cost reduction on a yearly basis,” said Kris Lakshmikanth, CEO, Headhunters India.