Embrace tech or see millions of jobs vanish, TDRI chief warns

Economy May 14, 2018 11:42

By The Nation

Thailand Research Development Institute president Somkiat Tangkitvanich warned on Monday that Thailand could lose three million jobs over the next 20 years if it is unable to adapt to and utilise disruptive digital technology.



 

Speaking at the TDRI annual conference, Somkiat said disruptive technology could prevent the economy from growing at an average 5 per cent per year over the next 20 years, as targeted by the government.

The job loss would be massive, he said, noting the damage already done to Thai print media by radical changes in technology.

Somkiat predicted that, if Thailand cannot adapt, the economy would grow by only 2.1 per cent annually and three million jobs would disappear.