Here’s Why Latin Americans Will Thrive in the Age of the Robots
12. March 2018
Due to Latin America's challenging skills gap, a greater proportion of Latin America’s workforce needs to “reskill” for the new or modified jobs that will be created by intelligent technologies. Without decisive action, workers displaced by automation could wind up in informal work, further depressing wage rates at the low end of the income ladder, and threatening the precious progress Latin America has made in reducing informality and inequality. A vicious cycle of informality, low skills, and low productivity could nullify the growth potential that intelligent technologies offer the region; however, as this article published by the World Economic Forum (WEF) argues, this bleak scenario is avoidable.