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In next ten years 200 million Indans lose jobs.

Discussion in 'World Economy' started by Averageamerican, Dec 2, 2016.

  1. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    Automation will make 20 crore young Indians jobless in next 9 years, warns Mohandas Pai

    By PTI | Dec 02, 2016, 01.09 PM IST

    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," Pai, who is the Chairman of Manipal Global Education Services, said.

    "We are going to have demographic nightmare," he said at AIMA's National HRM Summit.

    About 52 per cent of people, compared to 62 per cent 10 years earlier, are employed in agriculture and number of population which depends on services and industries is growing at 10 per cent, Pai said.

    "Disparity between people in agriculture and in service industry is widening and that is getting social attention all across India which has led to various agitation across states," he said.

    He said that companies are looking at automation, developing artificial intelligence in machines which have potential to replace process based jobs.

    "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.

    He said that companies like Foxconn have started deploying robots at work, driver less cars and trucks are being made which are going to adversely impact jobs in coming days.

    "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.

    He said that in banking sectors too jobs are shrinking because of automation of payment system with the help of ATMs, digital payments.

    "Bank branches and employment are now shrinking in America. In India in last 15 years, banks have growth 10-15 times in assets and liabilities but employment has grown 5 per cent. In India very soon there will be robo finance which will search all portals and give you bank loan quote in half an hour," Pai said.

    He said that job creation will be impaired by automation, process of technology, new class of job seekers is going to come in market and HR mangers need to solve this problem.

    Make My Trip co-founder and CEO Rajesh Magow said that the company has reduced work force at call centres over the years because of automation in process.

    Info EdgeBSE -0.45 % Managing Director and CEO Hitesh Oberoi said that HR managers need to work as extended arm of CEOs and groom talent base to help organisation scale up their businesses.

    http://economictimes.indiatimes.com/news/company/corporate-trends/automation-to-hit-jobs-of-middle-class-govt-lacks-data-mohandas-pai/articleshow/55730360.cms?track404=1

    This is going to happen world wide, 4th Industrial Revolution.
     
    Last edited by a moderator: Dec 4, 2016
  2. Butter Chicken

    Butter Chicken Lieutenant FULL MEMBER

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    Same was said about computers,which have in turn created millions of jobs
     
    thesolar65 likes this.
  3. randomradio

    randomradio Mod Staff Member MODERATOR

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    New jobs will be created in new fields.
     
  4. Kalmuahlaunda

    Kalmuahlaunda Lieutenant FULL MEMBER

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    Wrong. Indians are not just manual labours unlike China. Most Indians are into IT sectors. If 4th revolution indeed comes, Indians will shift simply from technical data entry jobs to automation coders. Plus good luck with automating Call centre calls :p you still need us
     
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  5. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    Have you read anything about the fourth industrial revolution, if you haven't you don't understand what is happening.

     
  6. randomradio

    randomradio Mod Staff Member MODERATOR

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    India will be among the pioneers of the 4th Industrial Revolution.
     
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  7. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    Way it looks USA is going into protectionist mode, restrict visas, expel illegals, restriction in relocation of industry, tariffs, 4th industrial revolution will make manufacturing cheaper in USA, new technology such as 3 D printing of shoes and parts.

    Taking Fashion to a New Dimension
    With 3-D Printing, Clothing That Leaves Out the Sewing Machine
    By STEVEN KURUTZDEC. 13, 2013


    Photo
    [​IMG]
    Duann Scott, of Shapeways, a service for 3-D printed goods, with glasses he designed. Credit Hiroko Masuike/The New York Times
    Will the 3-D printer replace the sewing machine as the favored tool of fashion designers?

    In recent months, 3-D-printed clothes and accessories have shown up on “Project Runway” (a contestant printed belts), the actual runway (the Dutch designer Iris van Herpen’s 3-D-printed collection called Voltage) and on the Neiman Marcus website (which sells 3-D pieces like Bathsheba Grossman’s sculptural stainless-steel orbs).

    A few days ago, 3-D-printed fashion had perhaps its biggest moment when CBS broadcast the annual “Victoria’s Secret Fashion Show.” The model Cara Delevingne walked the runway in computer-generated angel wings, while Lindsay Ellingson was outfitted in a corset, bustle and arm pieces intricately designed to look like snowflakes.

    The architect Bradley Rothenberg, who operates a Manhattan-based design studio called studioBRAD, collaborated with Victoria’s Secret to create the garments. He is excited about the technology’s potential to change how clothes are made and fit.

    “Clothing can be custom and even specific to your body,” Mr. Rothenberg said, citing as an example the way a garment could be made to stretch more in the elbow than in the forearm.

    “The other advantage for 3-D printing with textiles is the level of complexity,” he added. “When you think of constructing with a sewing machine, you’re always thinking in terms of the thread. With 3-D printing you’re not limited to that. Imagine having a knit sweater mixed with a T-shirt mixed with a jacket.”

    Photo
    [​IMG]
    Left, a rendering of the 3-D outfit worn by Lindsay Ellingson, right, in the Victoria’s Secret show. Credit Bradley Rothenberg Studio (Rendering)
    At the moment, the material used in 3-D printing is not super-thin, so the process does not yet lend itself to printing delicate and soft clothing. The 3-D-printed garments tend to be made of nylon, and are still more art project than everyday attire.

    But the improving functionality of 3-D fashion was illustrated earlier this year when Francis Bitonti designed, in collaboration with the costume designer Michael Schmidt, a laser-sintered gown for Dita Von Teese, the burlesque performer. Constructed like chain mail, the gown had 3,000 articulated connections.

    Mr. Bitonti, a New York-based fashion designer, has been working with 3-D printing since 2007. “The materials are getting better every day,” he said. The design and fitting process for Ms. Von Teese’s dress were done virtually, he said. “When you see it in reality and it’s exactly as pictured, it’s surreal.”

    The Dita dress was printed by Shapeways, a company that acts as a marketplace and service for 3-D-printed goods, as well as a booster for designers. Duann Scott, whose title at Shapeways is designer evangelist, said that the low financial risk (objects are printed on demand) is ideal for fashion designers looking to stretch boundaries. “Short seasons, doing new things all the time: that’s what works for the fashion industry,” Mr. Scott said.

    The company’s all-white futuristic-looking factory in Long Island City, Queens, houses several industrial printers; designers can work with a range of materials, from nylon to bronze to stainless steel.

    Kimberly Ovitz turned to Shapeways when she wanted to design rings and other jewelry to complement her women’s clothing line. “The technology allowed me to revolutionize the timeline,” Ms. Ovitz said. “People could look at my jewelry on the runway and get it in two weeks. And they could customize the material and color.”

    That embrace of the new is drawing fashion to 3-D printing. “We don’t need to reinvent jeans,” Mr. Scott said. “Cotton is good. It’s about making something unique that would otherwise be impossible.”
     
  8. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    I think protectionism is a mistake but looks like the direction USA is going.
     
  9. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    The next twenty years— it will be more like 20,000 years of progress (at today’s rate),. Just think about how much things have changed in the past 20 years—wireless internet, smart phones, Facebook and Twitter—and then try to imagine how vastly different things will be in 2027, or even 2100. For a vast part of human history when a person died it was much like when a person was born.
     
    Inactive likes this.
  10. Inactive

    Inactive Guest

    @Averageamerican

    Absolutely agreed. Unlike what @Kalmuahlaunda has said, there is a limit to expansivity of even the service sector as that too is being automated. The issue is that today there is a requirement of upgradation/additional skill acquisition by early to mid 30s to stay in the job market. With India not downsizing it's population, the avenues of job creation are narrowed as more and more jobs get automated, thereby reducing the human interface required.

    Off topic:

    Please post OP in full, not merely the link to either start a thread or continue it. I understand that on a Mac it can be a pain.:itching

    So is for me. Next time I will just delete such threads which lack any OP and have merely a link for thread.:angry:

    Thanks for your coerced :wink:cooperation :thank_you2:
     
  11. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    Have no idea what you ae talking about.. What is an OP?
     
  12. Marqueur

    Marqueur Peaceful Silence ELITE MEMBER

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  13. Inactive

    Inactive Guest

    Opinion piece ... you simply put a link. Don't start a thread merely on that. Checkyour post no1 have edited it and posted the relevant piece now.
     
  14. lca-fan

    lca-fan Major SENIOR MEMBER

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    The Biggest Question Arises fro All This is:

    If no one has job and so the money then who will buy products manufactured by automated plants?

    The whole economy will go in drains across the world if it happens as automation will be global phenomenon. Having said that, what about maintenance and repairing of the automated systems, here again the jobs will be created so its not that simple. If one sector loses jobs other creates, otherwise the whole system collapses.
     
  15. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    Fact is a tremendous amount of product is going to produced with very few people employed, some countries are looking at paying a wage to every one. A basic income (also called unconditional basic income, Citizen's Income, basic income guarantee, universal basic income or universal demogrant[2]) is a form of social security[3] in which all citizens or residents of a country regularly receive an unconditional sum of money, either from a government or some other public institution, in addition to any income received from elsewhere.
     

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