BANGKOK, Thailand The Bank of Thailand forecasts three million workers will suffer on account of automation and robotics use over the next decade, the Bangkok Post reported.
Nuntanid Thongsri, an economist for the central bank's economic and policy department, said those in recursive jobs will be the first group affected, including manufacturing workers and cashiers, as they will be replaced by robotics systems.
"The key change for Thai entrepreneurs is the hike of the daily minimum wage to over 300 baht nationwide and the cost of automation and robotics, which declines every year. Many firms can invest in these technologies, which are more stable and precise than humans," she said.
"The central bank forecasts both automation and robotics systems will play a key role in the industrial sector over the next 10-20 years."
Nuntanid said new workers and fresh graduates have already been affected to some extent as they have had longer job searches than before.NNN-BERNAMA
Source: NAM News Network