April 12, 2017
The ‘rise of the robots’ could trigger a fresh wave of migration as jobs in developing countries are automated, the head of the World Bank has warned.
More widespread access to the internet could also fuel flows as people will be able to see how wealthy other parts of the globe are, according to Jim Yong Kim.
The economist made the grim prediction as he urged progress on stamping out poverty around the world.
In a speech at the London School of Economics last night, Dr Kim said low-skilled jobs – such as making clothes – had traditionally provided millions of jobs in developing countries.
However, a new generation of machines including robots and 3D printers meant far fewer staff would be needed in future.
Dr Kim, president of the Washington-based organisation, said wealthier countries were also starting to ‘re-shore’ jobs as automation slashed costs.