Capitalising on the twin trends of ageing and automation
Both employer and employee must understand the value of upskilling and continuous training, and prioritise these accordingly.
Workforces around the world have experienced a number of serious challenges in recent years—from rapid globalisation, to significant business cycle troughs, to fights for gender equality.
Two trends, however, are today unprecedented in their scope: widespread societal aging, and the automation of work by intelligent technologies.
The confluence of these two trends raises one crucial question: What effect will increased workplace automation have on older worker populations?
In an environment where the demand for particular kinds of labour is diminishing, older workers skilled in the work of yesterday might be at risk of being excluded from the economies of tomorrow.
Countries with higher rates of projected aging tend to also have larger proportions of older workers at risk of automation.
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