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Digital technology could create, rather than destroy, jobs - expert

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Asimo robot. (AP)
Asimo robot. (AP)

Cape Town – In the long term the rise of robots will not cause widespread unemployment or inequality, new research suggests.

Alice Leedale, fixed income strategist at global asset management firm Schroders, said there are those that argue that the negative effects of automation are already becoming apparent in the US, where recent decades have seen a “hollowing out” of manufacturing employment, driven by technology and globalisation.

“At present automation is also making rapid advancements in both low-skilled as well as high-skilled service roles that have previously been set aside for white-collar workers.”

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