I. Introduction
The previous few decades have seen a tremendous upheaval of the global economy due to technological advancements, which has resulted in job displacement. When businesses embrace new technology, they frequently try to automate processes that human workers previously handled, which results in job losses in certain industries and the emergence of new employment possibilities in others. Technological advancements like digitalization, robotics, machine learning, artificial intelligence, and advanced computing have the ability to lower risks or automate hazardous tasks. Even though these innovations are usually seen positively and may contribute to productivity and economic growth, there are instances when they have unfavorable effects as well, including the loss of jobs as a result of technology replacing human labor. Strong examples of new automation include self-driving automobiles, X-ray interpreting gadgets, and algorithm that can respond to customer service inquiries. Many people are concerned that these technologies will replace some of the jobs that people already perform, even though they could improve the way we live and increase productivity. For people, businesses, and society as a whole, this process of technological development and employment displacement has profound ramifications. Many observers are concerned about the possibility that advances in automation and AI could result in significant job losses or polarization in the workforce, which would ultimately fuel widening income and wealth gaps [1], [2]. According to the findings, technology may eliminate a sizable percentage of human employment over the course of twenty years from now, specifically 35% in the United Kingdom and 47% in the USA [3]. In an analysis published in 2018, the World Economic Forum, for example, predicted that by 2025, over 50% of current jobs would be automated [4]. Compared to Anglo-Saxon and Nordic countries, jobs in Germany, Chile, the nation of Japan, and Eastern and Southern Europe are more automatable [5]. Though some research questions concern the effect technological advances on loss of employment in established economies, there is consensus regarding the effects of technological advances on job decline in emerging economies, that depend heavily on manufacturing and face robot-driven reshoring [6], [7]. Poor countries are more probable than those with advanced economies to face job losses, in accordance to the World Bank [8]: 72 percent in the nation of Thailand, 77 percent in China, 69 percent in India, and an astounding 85 percent in Ethiopia.