Thursday, July 5, 2018

Wisdom 4.0 - Wise Employment Promoting Industry 4.0 Regulation

With Best Regards to Mr. Sajid Khan - The Wisdom Coach
Wisdom 3.0
WASHINGTON, DC, WASHINGTON, DC, USA, July 5, 2018 /EINPresswire/ -- A very simple paradigm shift is all that is required to change the current chaotic world mess into an authentic wisdom powered world of harmonious order.

Allow building new plants with Industry 4.0 Technology in backward industrial locations up to a cumulative capacity of 10%

Remove the Idea of Job Losses

Regulation of Industry 4.0 

Allow Industry 4.0 Technology in New Units in Backward Locations - Increase Employment and Infrastructure

Now Industry 4.0 technology is being implemented world over. There are worries about employment issues due to introduction of new technology. Government has to regulate its introduction and diffusion to protect current employees.  In this context, I propose that in the first installment Government may allow building new plants in backward industrial locations up to a cumulative capacity of 10%.  The objectives of such a policy are allowing technological absorption and its further development concurrently with the rest of the world, backward area development and decongestion of existing industrial locations. We have to note that when already congested industrial locations are being used for further setting up facilities, new infrastructure development is not taking place. All concerned are ignoring infrastructure and overusing existing facilities. Instead, if new technology is allowed only in new backward location, infrastructure development also takes to an adequate extent.

Allowing only 10% expansion in new location with new technology may not disturb existing employment at all, as the market may absorb the new production at the reduced cost of production that the new technology may be able to produce. In this context, productivity of the new technology is an important consideration.

To my email communication campaign on this issue, I got one reply saying the limit can be increased to 20% to encourage employment in new locations.

By taking up this policy stance, Government can actively promote startups in Industry 4.0 Factories and Service Facilities.

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