The Coming Collapse Of The Third World

Most would argue that the ‘third world’ is already collapsed.

How much worse could it get?

Well, according to a new study about 56% of all salaried workers in Cambodia, Indonesia, the Philippines, Thailand, and Vietnam could be displaced by automation (robots) .

Imagine the textile hub of the world  becoming completely automated, essentially eliminating humans from the manufacturing workforce and displacing millions of already impoverished slaves.

As technology emerges get ready for massive disruptions across the globe…

Welcome to your jobless future as QZ reports:

In the next few decades, about 56% of all salaried workers in Cambodia, Indonesia, the Philippines, Thailand, and Vietnam could be displaced by automation and advanced technologies, such as 3D printing. That’s the conclusion of an extensive series of new studies by the International Labour Organization (ILO).

Mass-scale displacement won’t happen overnight, but it’s already in the works. Robots, for instance, are increasingly handling the labor previously done by low-skilled workers in industries such as automotive and electronics manufacturing. For governments and employers willing to educate and train workers for new, high-tech jobs, the shift could benefit all as it raises productivity and wages. But employers and countries that continue to rely on low-cost manual labor as their chief competitive advantage risk being left behind in the global economy, the ILO said.

Though China, too, is putting money into machines to remain competitive with its lower-cost neighbors. Take Esquel Group, a Hong Kong-based firm that produces more than 100 million shirts a year, which has invested in automation to boost productivity as Chinese wages rise.

It’s Southeast Asian workers who are most at risk of losing their jobs, according to the report. Some 64% of textile, clothing, and footwear workers in Indonesia could be replaced by robots. Those numbers rise to 86% in Vietnam, and 88% in Cambodia.

The report doesn’t cover Bangladesh as it’s not in ASEAN, but there’s probably no country more dependent on cheap manual labor. The garment industry, which employs 4 million workers, accounts for about 82% of the country’s total exports.

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