INSUBCONTINENT EXCLUSIVE:
KATHMANDU, FEBRUARY 26The discussions around the
impact of artificial intelligence and its impact on jobs could result in improved skills and greater adaptations by the world's work force.
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Ever since Homo erectus, or upright man, a type of early human, carved a piece of stone into a tool, the welfare of our species
Indeed, this technological breakthrough led first to the hand axe, and eventually to the iPhone
We have found it convenient to organize the most dramatic periods of change between these inventions into four industrial revolutions.
As each revolution unfolded, dire predictions of massive job losses ensued
Looking back at the first three, we can see how the concerns were misplaced
The number of jobs increased each time, as did living standards
Concerns over job losses are greater than ever with the Fourth Industrial Revolution
A study by consulting firm McKinsey-Co predicted that 800 million workers could be displaced and about half may need new skills for new
occupational categories.When reminded of the experience with previous revolutions, the answer is often that this one is different.A version
of this article appears in the print on February 27, 2023, of The Himalayan Times.
This article first appeared/also appeared in https://thehimalayantimes.com