More than five million Filipino workers need to be reskilled or re-trained to prevent losing jobs to automation, a report by McKinsey has pointed out.
“Over 5 million Filipino workers need to be reskilled or re-trained till 2030 to prevent losing jobs to automation,” it said.
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At the 13th International Innovation Summit 70 percent of executives said that automation was accelerated while 85 percent said that employees are adopting digital technology.
Jon Canto, associate partner at McKinsey & Company, cited research that 50 percent of all work can be automated.
He said that 60 percent of activities have at least a third that can be automated “although 5 percent only of all occupations in all sectors can be fully automated.”
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He added that job losses could be in the customer service or customer facing industries and this “means a very broad impact across our workforces.”
Canto said the impact of rapid automation still means “4 to 5 million Filipinos who need reskilling and retraining.”
He said that “this is actually an opportunity and when we see and we look at this, there can be this scenario where there’s a net positive amount of jobs.” (AW)
