The fear mongers will tell you that the 4th industrial revolution will likely cost us jobs, a delicate point in South Africa with an unemployment rate that counts amongst the highest in the world.
A glimpse back in history reveal facts that quickly dispel this notion, however.
In the early 1800’s as much as 50% of the American population worked in agriculture, compared to less that 3% by the year 2000.
Looking at the world population as of today, the total number of people working in the services sector is 49%, which has increased by 35% in the last 27 years alone. The workforce has adapted and migrated.
Old jobs are lost, of this there can be no doubt, but new jobs are created along the way and the increased production from mechanization and technology has a proportionate effect on poverty alleviation.
Globally, the manufacturing sector has maintained levels of employment despite being materially affected by the effects of new technology. CZ Electronics has seen the effects of these changes in our 20 years plus within the industry.
We don’t know what the endgame is for the fourth industrial revolution, but we believe technological advancement to be a harbinger of opportunity, not harm.
Stay tuned to our social media platforms for more thoughts and insights around the $IR over the coming weeks.
#FourthIndustrialRevolution #Progress #Jobs #Opportunity #Migration #Technology #Workforce #Agirculture #Consumer #Electronics #Manufacturing #SouthAfrica #CZ #CZElectronics #BringingTomorrowHome - 14 minutes ago