Recent trends in automation and rapid technology advances, collectively dubbed ‘The Fourth Industrial Revolution (“4IR”), are radically shifting the economic landscape, and changing the nature of jobs and the profile of skills required in the labor force. There are challenges emerging around the world and East Asia is getting ready.
A global challenge
As automation expands, low-skilled and low-income countries become more exposed to automation. Because of job clustering, reskilling and acquiring skills such as complex problem-solving, high-level technical skills, and social skills have become more important for workers to adapt to new and emerging industries. The challenges facing the global force will be significant and require collaborative and innovative emphasis on enhanced methods for developing the skills needed to adapt and remain productive. Carl Benedikt Frey of the Oxford Martin Programme on Technology and Employment, reminds us that, “The emergence of new industry suggests that the new types of jobs being developed are vastly more skilled than the average types of jobs.”
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