The rise of automation is reshaping the industry and the manufacturing sectors. More use of robotics for repetitive or heavy lifting works is reshaping the end product industry. The jobs mainly where human interaction is required or the programming of such machines will be less affected, however, the jobs at the end of the process will be affected more due to the rise of the Automation.
It is also speculated that more developed economies will be affected than the developing economies due to the wage pressure and other factors like resources, labor. Mostly the automated machine is incorporated in developed countries to minimize the end cost due to high wage pressure but developing countries would profit more with the workers than the costly robots. The only thing is that the work pressure or the stress will be faced by the employees in the developing region as compared to the developed countries.
One of the important things in a developed nation is the maintenance of the work-life balance whereas, in developing countries, peer pressure and the overload of work is very much present in the real-world scenario. The concerns like overload work, imbalance of the work-life, child labor, misuse of the employment of the workers are certain aspects that need to be carefully handled or find sustainable solutions to meet the daily needs.
In my opinion, the survey result shows the parallel impacts faced by automation in developed and developing nations. The job loss scenario in such a sector simply defines that how the future will be turning around, the parallel world scenario shows the type of employment that will be available in certain parts of the world and how the employment will be affected in the given period.
Source:- Statista (Robotics).