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pcb punching machine Reports,Recently released report shows that more people benefit most from new technology introduction obtained, to poorer people get. The report warns that policy-makers may be asked to intervene to resolve the widening wealth gap.
The so-called "fourth industrial revolution", the impact on developed economies are relatively small, such as Switzerland, Singapore and the United Kingdom. In contrast, the emerging markets - especially in some countries in Latin America and India - will suffer heavy losses. The reason is the widespread use of artificial intelligence and robotics, it will weaken the competitive advantage of cheap labor in these countries.
On the occasion of the World Economic Forum Annual Meeting 2016 was held in the Swiss town of Davos on the occasion of the 20th, the Swiss bank - UBS issued a report warning that when robots become more sophisticated when some of the technical work may also be placed on the cusp.
UBS Chairman Weber pointed out that "growing gap between rich and poor, not only exists between the developed and the developing and emerging countries, but also in society as a whole. Not just the poor and the rich influence of this serious social problem, but also affect the young and the elderly. "
UBS's report provides an overview of labor differentiation, noting that exacerbate income inequality means that those who reside in income, wealth, technology, and the top will be a greater spectrum of benefits. "Whether it is from a technical outlook, still showing the level of automation and connectivity upward trajectory is concerned, these individuals are likely to have a greater advantage. Generally, they already have a higher savings rate, we will hold those values will be because 'fourth industrial revolution' and to get a boost in earnings assets, "the report said.
Last year, a report released by Merrill Lynch also pointed out that the advance of automation, or will cause exacerbate the wealth gap. The report cites a study from Oxford University, he said that in the next two decades, the revolution will lead to 35% of British workers and 47 percent of American workers face the risk of being substituted technology.
Thread Davos this year is the introduction of new technologies. Report of the World Economic Forum's prediction, the fourth industrial revolution will change the business model and the labor market in the next five years, resulting in "net 15 major developed and emerging economies lost more than 7 million jobs."
The report is named "future work." The report predicts that by 2020, a new round of industrial revolution will create 2.1 million new jobs, the main areas including computer engineering, mathematics. However, 7.1 million jobs will disappear, including office workers and management positions hardest hit, while female workers hit hardest.
Weber said policy makers should take initiatives to resolve any exacerbate the wealth gap. UBS reports that the wages of low-skilled workers will face downward pressure. The report said, "In contrast, high-skilled and adaptable workers, the rate of return obtained will increase," the report said, "A lot of labor-intensive enterprises should be able to usher in profit growth, mainly due to they can with cheaper robots or intelligent software to replace higher-cost workers., obtained from a national perspective from the 'fourth industrial revolution' in the benefits of those most likely to be the most flexible economies. At the same time, Automation will continue to receive the wages of low-skilled workers under downward pressure, and has begun to impact the medium-skilled workers, while highly skilled and adaptable workers will benefit enormously. "
According to reports, have been automated replace workers, such as those of factory assembly line workers, may have felt the impact of the latest technology. With the advance of technology, some robots can do more complex tasks. UBS reports that "the biggest impact is probably still think that so far the robot competition immunization workers, that is, those middle-skill professionals."
The bank believes that paperwork, such as customer service, has been replaced by artificial intelligence.
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