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APAC region to lose 63 million jobs to automation by 2040

Five largest countries in the area more at risk of robots replacing workers compared to Europe and US, according to Forrester

iTWire - Australia not spared as APAC region to lose 63 million jobs to automation: forecast

Forrester s Future Of Jobs Forecast: 63 Million Jobs In APAC Will Be Lost To Automation By 2040

A declining working population and rising costs to hire and retain employees will force firms in Asia Pacific to invest more in automation SINGAPORE, Aug. 8, 2022 /PRNewswire/ Forrester(Nasdaq: FORR) forecasts that working populations in the five largest economies in Asia Pacific - India, China, South Korea, Australia, and Japan - are more at risk due to physical robot automation than Europe and North America. By 2040, 63 million jobs are expected to be lost to automation, with more than 247 million jobs expected to be in jeopardy across industries that are more susceptible to automation, such as construction and agriculture. According to Forrester's Future Of Jobs Forecast, 2020 To 2040 (India, China, South Korea, Australia, And Japan), in the coming years, the green economy will help offset some job losses as more countries commit to carbon neutrality. India, China, South Korea, Australia, and Japan will create 28.5 million new jobs in renewable energy, green buildings, smart c

About 69% jobs in India threatened by automation

The working populations in the five largest economies in Asia Pacific India, China, South Korea, Australia, and Japan are more at risk due to physical robot automation than Europe and North America.

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