A 50% boost in technological effectivity may result in the shortcoming of approximately 18 lakh jobs in Bangladesh, with the textile and difficult-made garment (RMG) sector being basically the most impacted, in step with a detect by the Bangladesh Institute of Kind Study (BIDS).
The findings, presented for the length of the session “Skills, Present Chain, and Employment in Companies” on the 2d day of the “Annual BIDS Convention on Kind 2024” in Dhaka, had been in accordance with the Solow development model.
Farhin Islam, a look at affiliate at BIDS, revealed that 10 lakh job losses are anticipated in the RMG sector on my own.
The detect also identified other inclined sectors, along side non-metals, meals merchandise, leather and leather goods, furnishings, prescribed pills, and plastic and rubber industries.
Talking to The Industry Accepted, Farhin Islam clarified, “We discovered this assuming there is rarely any development in the manufacturing sector. Nevertheless, if the manufacturing sector grows by 10%, the overall job introduction by 2025, even with a 50% upward thrust in technological effectivity, may surpass the losses, increasing over 20 lakh jobs.”
Job development is projected in sectors comparable to meals processing, paper merchandise, coke and refined petroleum, non-metal mineral merchandise, and pc and electronics manufacturing.
“The unemployment we forecast will be great decrease with labour-augmenting technology somewhat than labour-replacing technology,” she said, emphasising the must upskill the labour drive.
“If we can skill up the group, we can enhance output whereas keeping jobs,” she added, urging the authorities to implement more measures for group construction.
Session discussants highlighted the importance of adopting technology whereas pondering its social implications.
BIDS Director Accepted Binayak Sen noteworthy, “It will likely be valuable to analyze how technology would affect gender-basically based mostly employment.”
The session changed into moderated by Sajjad Zohir, govt director of the Economic Study Neighborhood (ERG).
Shows had been also made by BIDS researchers Monzur Hossain, Kazi Iqbal, and Jayed Bin Sattar.
