Technology vs women: 26 million may lose jobs, IMF says

The International Monetary Fund (IMF) said on Tuesday that at least 26 million female jobs in 30 countries risk being displaced by technology.

Ms Christine Lagarde, IMF President said this in a panel discussion on “Empowering Women in the Workplace” at the IMF/World Bank Annual Meetings in Bali, Indonesia.

Lagarde, who spoke on “Gender, Technology and the Future Work”, estimated that globally, 11 per cent of women were at risk of losing their jobs due to advances in computer technology, while only four per cent of the male population faces same risk.

“Less well-educated and older female workers, aged 40 and above, as well as those in low-skill clerical, service, and sales positions are disproportionately exposed to automation,” she said.

“Extrapolating our results, we find that around 180 million female jobs are at high risk of being displaced globally.

“Therefore, policies are needed to endow women with required skills, close gender gaps in leadership positions and bridge digital gender divide that could confer greater flexibility in work, benefiting women.”

Also, the Indonesian Minister of Finance, Mrs. Mulyani Indrawati, said that adding more women into the labour force of an economy would reduce poverty and ensure prosperity.

She urged women to be role models at their places of work.

“As women, we must strive to do extraordinarily well in order to set example for the younger generation,” she said.

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