The World Economic Forum predicts that in the next two years, 5 million jobs will have been lost across 12 developed nations as a result of increased automation and robotisation.1
But, the International Labour Organisation is less conservative in their estimation; they state that across places like Cambodia, Indonesia, The Philippines, Vietnam and Thailand, 137 million jobs will be lost as a result of the robotisation of the garment industry alone.2 That equates to an epic 56% of the workforce.
We are already feeling the ripples of change and the social cost of it; when industry is suddenly inundated with new innovation it can create massive levels of confusion and that confusion can lead to paralysis. This has a significant impact on how people cope with change and we are beginning to see emotional signs of the overload.
Here are five signs of the emotional impact we have started to observe in our client organisations:
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