According to the World Economic Forum (WEF) report, 85 million people would be lost their jobs in the year 2025, due to the automation process accelerates.
Yesterday, released the report said that the Covid-19 recession was creating a “double barrier” for automation workers. They further cautioned that inequality is likely to increase if workers who lose their jobs are not re-trained to enter new occupations.
Two-fifths of the large companies surveyed by the WEF said they plan to reduce their workforce through technology integration.
More than this is the first job creation in recent years, the report said. Which will have a negative impact on disadvantaged workers. The coronavirus epidemic has led to a sharp rise in unemployment around the world.
Several major economies, including Europe, have stepped up incentive support to stave off alarming unemployment rates. As unemployment continues to rise in the United States, lawmakers are bargaining to increase incentives.
As the unemployment rate rises, so does the importance of expanding social security, as well as helping to retrain workers who have lost their jobs and are at risk, the report said. So that they can be used in future work.
The epidemic is putting existing inequalities at even greater risk. The industries that have suffered the most, including travel and tourism, hospitality and retail, have lost relatively young and low-wage workers and women.