A prominent international official called for urgent action to address the radical transformations imposed by modern technology on economic and social systems. The director of a global financial institution explained that the impacts resulting from the spread of smart systems
resemble slow-moving waves carrying severe risks to living and tax stability, stressing the importance of reviewing educational curricula and developing mechanisms for societal support to adapt to the upcoming reality. These remarks came during panel discussions held on Monday in
the Thai capital, Bangkok, where estimates indicated that advanced software has effectively taken over routine activities, gradually leading to a decline in the need for human cadres in various fields. Conversely, job growth was observed to concentrate in limited-wage service
and construction sectors, a shift that does not necessarily reflect comprehensive positive development for the labor market. Official statistics warned of wide-ranging financial consequences for government budgets, as the axis of production shifts in favor of capital rather than the
workforce, which represents the primary pillar of tax revenue. Indicators are increasing regarding the noticeable impact on new graduates and youth due to slowdowns in employment opportunities within technologically sensitive sectors, threatening to widen the economic disparity gap despite the
magnitude of global investments in this field. Along the same lines, experts believe that the features of the future labor market remain ambiguous, necessitating early awareness and drawing lessons to minimize potential damages. Despite structural challenges in the employment sector,
economic forecasts indicate that these technologies could contribute to driving general production momentum, especially in advanced Asian countries which might witness compensation for growth declines resulting from demographic changes and aging populations, making the utilization of these data vital for
the coming phase.
