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Employment Impact
Job Replacement: Artificial intelligence and robotics will replace many jobs and industries.
Job Polarization: High and medium-skilled job demand increases, while low-skilled labor demand decreases.
Unemployment Risks: Many workers face displacement. that 47% of jobs in the U.S. could be automated in the next 20 years.
New Job Creation: IT-related fields have created one-third of all new jobs in the past 25 years.
Economic Impact
Economic Growth: Technology drives innovation, growth opportunities, and economic value.
Digital Divide: Advances in digital infrastructure exacerbate the wealth gap and inequality, affecting equal access to education and employment.
Digital Economy: The digital economy spans e-commerce, digital marketing, financial services, content production, software, and cloud services. For instance, digital technologies could impact India's economy by $550 billion to $1 trillion annually by 2025.
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