When technologies are able to replicate skills at a low enough cost, specific tasks start to be automated. When most of the tasks within an occupation can be automated, that occupation itself is considered automated.
In a country where labour is relatively scarce, skilled and so expensive, companies may be early technology adopters, automating large parts of their workforce.
On the other hand, in a country like 🇮🇳 India, it may be a while for technology to be inexpensive enough to compete with low cost of labour.
McKinsey’s model estimates that, for India, 9 percent of current work hours will be automated by 2030 – much lower than the 23-24 percent impact estimated in the US and Germany.
For India, automation can be increased by the estimated 9% to a number closer to the 23-24% estimated for more developed economies through –
👨🏫 👩🏫 digitally augmented workers empowered with using specific process automation systems!
This will not just increase automation, but also create more jobs for the semi-skilled and unskilled workforce.
Interesting, isn’t it? 🚀