John Hagel, Deloitte, is giving an updated talk on the Future of Work. He has been given other talk on this subject. John says all of the companies and executives that he talks to on the work only have two questions: How quickly can we automate? How much can we reduce staff? Reskilling is buying …
Although there has been a lot of recovery from the 2008 financial crisis there are still many countries with fragile economies. Argentina has 29% inflation and 9.1% unemployment. South Africa has 27% unemployment and there were predictions that some cities were on the brink of collapse. Turkey’s currency has lost nearly 40% of its value …
Productivity growth (a.k.a. “automation”) has been very weak for the last decade, averaging just over 1.0 percent annually. The Congressional Budget Office is only forecasting 1.8% per year productivity growth. Productivity growth averaged 3.0% annually from 1947 to 1973 which had low unemployment and rapid wage growth. Tripling the robots in manufacturing would be the …
Self-driving cars were expected to eliminate millions of driving jobs over the next few years but Uber just fired 100 self-driving operators (reported by Quartz.com). The Uber self-driving operators can re-apply for jobs in Uber. In theory, they could apply as Uber drivers. Uber is creating 55 mission specialist positions who will provide more information …
A paper by MIT’s David Autor and Utrecht University’s Anna Salomons determined that overall automation created more jobs than it destroys over 47 years of data from 28 industries in 19 countries. This will likely be the case in the future as well, but it will be tough for people to scramble for the new …
There have been hundreds of articles written about a wave of unemployment arising from the widespread automation of work. However, US labor statistics show that currently there are more job openings than there are job seekers. There have also been 3.6 million people who voluntarily quit their jobs. In April, the number of job openings …
TrustLogics will reduce the gap between recruiters and jobseekers by using the full potential of blockchain technology. The recruiting industry will be able to simplify its processes and reach new levels of efficiency. Users will take full advantage of the TrustLogicsTM token system. The system will improve data access, data attestation and peer-to-peer hiring. AI …
The Base 11 Space Challenge is a $1 million+ prize for a student-led university team to design, build, and launch a liquid-propelled, single-stage rocket to an altitude of 100 kilometers (the Karman Line) by December 30, 2021. Annual competitions and milestone prizes will also be provided. Milestone prizes will include * design of the liquid-fuel …
Defense One Technology Editor Patrick Tucker has reported on August 2017 meetings between US Defense Secretary James Mattis and Google founder Sergey Brin and CEO Sundar Pichai. Over a half day of meetings, Google leaders described the company’s multi-year transition to cloud computing and how it was helping them develop into a powerhouse for research …
An OECD report on automation project forecasts fewer job losses to automation. Building on the expert assessment carried out by Carl Frey and Michael Osborne in 2013, the paper estimates the risk of automation for individual jobs based on the Survey of Adult Skills (PIAAC). The analysis improves on other international estimates of the individual …
A study by Boston Consulting Group (BCG) found that 23 percent of the total 9.93 million jobs in China’s banking, insurance and securities sectors will be affected by AI by 2027, with entry-level staff engaged in repetitious daily operations bearing the brunt of any cuts. “Many jobs, particularly those involving mechanical, repetitious operations, will gradually …