📨 Weekly digest: 9 2024 | Let’s dive into the future of work
Hello future 👽 | AI this week in the news; use cases; for the techies
Hello friends,
New technology has been a concern among people throughout history, but it's important to remember that while it can replace specific jobs, it can also create new ones with new needs.
To adapt to AI's changes, economies must invest in skills and infrastructure
Previous predictions of the negative impact of new technology have been repeatedly proven wrong, and the same is true for predictions about the effects of AI.
However, a recent report by the IMF found that 40% of jobs worldwide will be affected by AI, with 60% of employment in advanced economies set to be impacted and half of those negatively impacted1.
This will lead to lower salaries and reduced hiring, with some jobs expected to disappear entirely.
Despite these challenges, history has shown that predictions of fewer jobs in the future are generally false.
While hundreds of millions of jobs have been destroyed over the past 200 years due to technological advances, the number of people employed has continued to increase.
Today, there are more people employed globally than ever before
The prospect of new and unknown jobs can be daunting in our rapidly changing world.
However, we can approach this challenge with a broad perspective and ask some crucial questions.
First, are all of our needs being met today?
What do we want? What is needed to do to get better health (physical and mental)?
How do we make higher-quality food, better services, or more sustainable and efficient products?
How do we improve women's lives? What is needed to educate our children better?
How would new job roles help address these needs and wants, leading to a better quality of life?
Second, how will new needs arrive as our society evolves?
Who will lead and manage the upcoming innovations and solutions to global challenges?
How will employment sectors be impacted?
How will global economies be challenged?
Although we may not be able to envision these jobs now, history shows that new jobs will emerge, providing more opportunities for all.
Third, how will increasing demand for products and services lead to new jobs?
As products and services become more affordable, demand increases, creating new jobs. What jobs will be needed?
Last, how will policymakers and government agencies manage the dynamic creation and rotation of the labor market toward new jobs?
This will be particularly important if, as is likely, job changes and creative destruction continue, possibly at a higher rate than ever.
By working together to support and enable the creation of new jobs, we can build a brighter future for us all2.
If you haven't already, you can start with our workbook, Building a data-driven organization.
Looking forward to reading your thoughts in a comment.
Happy days,
Yael et al.
🦾 AI elsewhere on the interweb
Here come the AI worms on Wired
Sony’s head of AI ethics sees a path to centering creators on IEEE Spectrum
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