Need to create jobs to offset automation

Statistics released recently by the International Labour Organisation (ILO) show that unemployment is rising steeply each year.

Such a fluctuation could well be attributed to the international recession; however, as budgets get tighter, automation in business processes is becoming more commonplace.

The effects of the economic recession will be felt even more if industries continue to rely on automated systems which reduce the demand for human labour and the generation and circulation of wealth.

Capital projects need to be drawn up to generate enough work to reduce a bulky 6.9 per cent unemployment rate to a natural rate of four per cent.

In these difficult economic times each individual's contribution to the economy makes a difference.