December 2, 2016

Automation to render 20 crore young Indians jobless by 2025

Image result for driverless train
Driverless train by Bombardier


NEW DELHI: About 20 crore middle class young people would have no jobs or less jobs by 2025 due to increasing automation and improvement in technology, industry veteran T V Mohandas Pai said today.

"By 2025 there will be 200 million young people in the age group of 21-41 with no jobs or less jobs and no body knows what to do with these people. Government policy does not know what to do as they don't have proper data,"

"Rule based jobs will get eliminated. Much of middle class people are involved in rule based jobs. Rule based jobs can be made by algorithms. Machines are still not creative. People who are creative will remain," Pai said.

"Robots are taking over at large number of places. Robots don't want appraisal, they don't want work life balance. They work 24 hours. In Delhi, metro is going to be automated. Automobile industry which employees 1 in 6 people in the world is going to be automated," Pai said.

Read more at: http://economictimes.indiatimes.com/articleshow/55730360.cms

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