Robots aren’t yet killing off all our jobs, World Bank says

A robot developed by automation parts maker Omron picks an item from a shelf during a demonstration at the World Robot Summit in Tokyo. — AFP Relaxnews

The rise of automation has so far had a negligible impact on jobs at a global scale, the World Bank chief economist said, despite common gloomy predictions that humans are set to be replaced by machines. 

While advanced economies have shed industrial jobs over the last two decades, the rise of the same sector in East Asia has more than compensated for the loss, according to an annual report published by the Washington-based international financial institution.