Workers need to re-skill in age of Artificial Intelligence - Khaleej Times

Ever since early-nineteenth-century textile workers destroyed the mechanical looms that threatened their livelihoods, debates over automation have conjured gloom-and-doom scenarios about the future of work. With another era of automation upon us, how nervous about the future of our own livelihoods should we be? A recent report by the McKinsey Global Institute estimates that depending on a country's level of development, advances in automation will require 3 to 14 per cent of workers worldwide to change occupations or upgrade their skills by the year 2030. Already, about 10 per cent of all jobs in Europe have disappeared since 1990 during the first wave of routine-based technological change. And with advances in artificial intelligence (AI), which affects a broader range of tasks, that share could double in the coming years.