Employment Current Affairs - 2020
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One of the job sites, indeed released a report that jobs related to Science, Technology, Engineering and Mathematics have increased by 44% between November 2016 and November 2019.
The report said that Delhi led the was with 31% of overall postings. It was also high in other Metros like Mumbai contributing to 21% of the posting, Bengaluru-14%, Pune-12%, Hyderabad-12% and Chennai-10%. The Western region of all part of India has the highest job postings of STEM.
Indeed is a private jobs searching portal. However, the report is justifiable from the predictions of National Science Foundation. According to NSF, 80% of the jobs created in the next decade will require some form of science and mathematics skills.
Barriers in India
The real issue is that though India’s demand is good and growing, the real man power to fill in the demand, the younger generation is lagging skills to fulfill with the demands. This is mainly because of the minimal contribution of education system towards STEM field at school level.
India is still following exam-oriented evaluation in STEM fields as well. This model is difficult to develop STEM oriented skills in children. Also, the right age of children to develop their interests towards science and technology is 8 years. The infrastructure and man power to identify their interests at that age is lagging. This is mainly because of the following
- The biggest challenge of STEM in Indian education is curriculum, infrastructure and guidance support
- Another major hinderance is funding. Schools require maker spaces, good computers and DIY (Do IT Yourself) tools.
- Educators still believe that STEM introduction will divert students from concentrating on other curriculum. Therefore, they hesitate to adopt STEM education.
Tags: Education • Employment • Employment generation • Job generation • Job Opportunities
On January 6, 2020, the World Bank released its study on how FDI flows are affected in the world due to automation. The study concluded that automation will certainly disrupt the flow of capital from rich countries to poor countries. On the other hand, the poor countries can gain from automation if adopted at the right time.
The study has used data of FDI (Foreign Direct Investment) and industrial robot usages between 2004 and 2015. It reports that during this period, High Income Countries (HIC) saw the highest FDI outflows. The flow of the FDI were measured in terms of project announcements in middle income countries (MIC) and low-income countries (LIC).
The MIC and LIC witnessed highest FDI inflows during the period of project announcements. Later, it reached a saturation level and began to decline!
Throughout the study the automation processes were measured in terms of number robots employed per 1000 employees.
The study also reports that of all the sectors, automation was maximum in electronic and automobile industries and least in textiles.
The study found that the FDI flows from a HIC to a LIC reduced as automation increased. For a 10% increase of automation in a HIC, the flow of FDIs into LMIC increased by 5.5%. After a certain threshold the inflows saturated and, in some cases, started to decline as well!