This is an archive article published on September 22, 2020
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We need to plan for Tech 4.0-driven creative destruction in employment

The “great growling engine” of technological change need not cause a train wreck of productive jobs. We could steer it to four powers of possible destinations or Char Dhams.

In 5-10 years, 10 per cent of human jobs will be substitutable and 50-70 per cent of jobs could be partially automated.In 5-10 years, 10 per cent of human jobs will be substitutable and 50-70 per cent of jobs could be partially automated.
Written by: Lakshmi Puri
6 min readSep 22, 2020 09:06 AM IST First published on: Sep 22, 2020 at 03:02 AM IST

The future comes too soon and in the wrong order.” “It is our moral responsibility not to stop the future but to shape it.”  —Alvin Toffler.

The pandemic is hurtling the world into a Technology 4.0-transformed “future of work” much earlier than anticipated in the ILO’s Centennial Declaration of 2019. India’s global significance in mastering the future of work through technology-adaptive and high-productivity human capital employing the largest global cohort of 820 million youth is huge. Along with declining fertility rates and women’s empowerment, this could yield a large demographic dividend of high growth rates for decades, despite short-term shocks.

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