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Home » News from Thailand » Central bank Thailand: Three million jobs disappear due to automation and robots
The use of robots and extensive automation will lead to the layoff of three million workers in the next decade, according to the Central Bank of Thailand.
Most jobs will disappear in industry, but jobs in the service sector will also be lost due to automation. Now there are only 45 robots for every 10.000 employees in Thailand. By comparison, there are 631 in South Korea, 488 in Singapore, 303 in Japan and 177 in Taiwan.
Source: Bangkok Post
Now there are only 45 robots for every 10.000 employees in Thailand. By comparison, there are 631 in South Korea, 488 in Singapore, 303 in Japan and 177 in Taiwan.
Wouldn't that be a reason??
And maybe a good reason?? Consider the aging of the workforce
Or will they have talked about robotics, but once again 'lost in translation' has become defunct
Fortunately, the economists here are of the caliber of weather forecasters, so there is still hope?
I fear that crime will then also increase sharply, as will domestic violence and alcohol abuse.
Yes, what is the concern. Unemployment officially 500.000 people, about 2 million migrant workers from surrounding countries that you can send out of the country and a rapidly aging population (No. 3 in the world) which causes a sharply declining working population. And robotization is only profitable if the cost of labor is more expensive, well wages in Thailand are quite low, so I wonder if much will change.
Personally, I think that many Japanese and other Asian companies have chosen Thailand to have their production take place at relatively low wages. As soon as automation or robotization takes place, and this requires major investments, people will decide to have production take place in their own country, so they prefer the home country instead of Thailand. Because after all, the advantage of a low-wage country, which is Thailand, will then disappear.
I expect that the main reason is: relatively few robots/automation due to the high labor costs.
Singapore has one of the highest costs in the world. Japan/South Korea and Taiwan are not inferior to NL or BE.
The main reason is a lack of qualified personnel. Which will cause huge problems in the future. More and more highly trained technicians from ASEAN will be recruited. The low-educated people with, on top of that, the wrong work attitude, especially the Isanese, will completely fall by the wayside
This step is necessary. We also have to deal with this in the Netherlands.
It is also amazing that in some cases there are 3 offices of eg kasikorn at 500 meters.
The number of ATMs next to each other is also insane. For example, you can withdraw money at any ATM with a kasikorn card.
Apart from the amount of machines you see in a homepro, for example.
Each bank provides its own.
The number of employees in the offices also often rely on the helpdesk.
I don't see the connection between increased crime/domestic violence and alcohol abuse and the disappearance of jobs.
There will be a different way of looking for jobs and the number mentioned will not disappear in 1 times.
Compare the disappearance of jobs in the Netherlands in recent years at ING, ABN, Rabobank, etc.
The future is internet payment, mobile banking using the app.
Kasikorn is years ahead of Belgian banks in this respect Paying with Q code is already well established in Bangkok.
Wouldn't it suit us well if the visa situation would also be automated? It seems as if they have already started with the 90 days of reporting that can be done via 7/11.
I estimate that it will take another year with the automated visa processing.
01/04/19 that might be introduced at 7/11.
They first check how things are going with those 90 days….
Dear Aad, that 90 days report report to the seven eleven was not a very successful April 1 joke.
I fell for it myself when I read it on this blog.
Jan Beute.
Jan,
People who fall for it never like a joke.
They feel compromised in their worth and their knowledge is questioned.
With a joke you can quickly undermine that value and knowledge.
Maybe be less serious, or especially don't think you know it... that also helps. Is a general comment, to many TB users.
By the way, that joke has been running on the internet for about 5 years now.
It was a really old one that TB recorded.
Come on, let's go ahead and have fun with your comments.
Jan,
Live is fun, give and take.
It doesn't have to be so well thought out, calculated and/or controlled.
You don't have to prove that to anyone 😉
Here with us they have already started installing vending machines in 7/11 for the creation of an annual extension. The 90-day notification via 7/11 was such a great success that a year extension could not be left behind… they are really improving here. The software would, as Ronny indicates, be fully operational on 1/4 2019.
Mechanization, industrialization, automation and robotization, I've known all those words for a while.
The loss of jobs as a result is not really something of the last thirty years. It is an ongoing process that should be taken care of by new and other jobs. It's not very clear to me why automation would be more 'severe' in the next decade than in past decades. It is one of those topics that occasionally come up, while there is actually nothing new to report about it.
They do have to switch to automation/robots and precisely because of the shrinking supply of workers due to the changed composition of the population. Hence the immigrant workers from the surrounding countries
The investment will lead to a recalculation, but there are still enough reasons to stay here for the investors and that is not limited to Asian countries…. Friendly tax and investment schemes, property protection are a few of them.