Africa’s Race Against the Machines
As the costs of automation fall relative to manufacturing wages, and as global industrial production becomes less labor-intensive, Africa will lose some of the advantages that it is currently counting on. In the future, it may not be able attract manufacturers seeking to capitalize on abundant, low-cost labor.
WASHINGTON, DC – By some estimates, automation threatens over half of all jobs in OECD countries. And now that the employment challenge is coming into focus, the scramble for solutions has begun.