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Upskilling is required to prevent employment losses due to automation: DTI

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On Monday, Trade and Industry Secretary Alfredo Pascual urged business leaders to keep retraining and upgrading their personnel in order to prevent job losses as companies adopt technology and embrace automation.

At the Finance Executives Institute of the Philippines’ inaugural conference, which was held at the New World Hotel in Makati City, Pascual advised companies to engage in programs that will help create human capital and capability in order to prepare their workers for occupations of the future.

In order for humans to do newer, higher-order functions that complement the work of computers, he added, “we also want to urge and enable businesses to upskill their workforce.”

He stated that although automation will result in the loss of many jobs, it will also lead to the creation of many new, high-quality employment. But doing so would necessitate increasing investments in skill development.

“To deliver the agility that lifelong learners will need, current learning and job-fit signaling systems are insufficient. As a result, we must switch to a skills-based strategy that can offer a more effective mechanism, according to Pascual.

Shamika Sirimanne, director of the Division on Technology and Logistics at the United Nations Conference on Trade and Development, stated last week that automation, like the use of artificial intelligence, will primarily benefit high-income and some upper-middle-income countries due to the availability of highly skilled labor and the caliber of digital infrastructure.

On the other hand, because of the lack of skilled people and the sluggish internet speed, utilizing technologies will be difficult for low-income and the majority of lower-middle-income countries.

Automation is necessary.

George Barcelon, president of the Philippine Chamber of Commerce and Industry, stated on the sidelines of the event that in some nations, automation may result in a significant loss of jobs in the agricultural industry within the next ten years.

“The productivity was increased by automation. Barcelon told reporters, “We know that we are concerned about the farmers, but they also have to understand that the prices of our commodities are considerably more expensive if they are not productive or efficient.

According to him, the government should pay attention to the school system, which also requires updating and more investment to train Filipinos for future occupations, while the private sector is upskilling and reskilling its employees.

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