Technological Advances Could kill 5 Million Jobs By 2020


B00Mer
#1
Technological Advances Could kill 5 Million Jobs By 2020



Developments in artificial intelligence, robotics, and biotechnology, would disrupt the business world in a similar way to previous industrial revolutions, the World Economic Forum reports.

“The World Economic Forum said advances in technology, combined with socio-economic demographic changes, could lead to the net loss of 5 million jobs in 15 major economies in 2020. The report said the job loss predictions were “relatively conservative.”

“[A]s many as 7.1 million jobs could be lost through redundancy, automation or disintermediation, with the greatest losses in white-collar office and administrative roles,”the World Economic Forum stated in its ‘The Future of Jobs’ report released Monday.“The loss is predicted to be partially offset by the creation of 2.1 million jobs, mainly in…Computer and Mathematical or Architecture and Engineering.”

This first-of-its-kind report was released on the eve of the group’s economic forum where over 2,500 leaders from business, government and civil society will participate in an annual meeting in Davos, Switzerland. The future of jobs will be the central topic for discussion.

Referring to the transition as the “fourth industrial revolution,” the report said the jobs losses will come about because of developments in artificial intelligence, machine-learning robotics, nanotechnology, 3D printing and genetics and biotechnology. Those developments will lead to widespread disruption not only in business models, but also in labor markets, “with enormous change predicted in the skill sets needed to thrive in the new landscape.”

Two areas of job growth identified through the survey were data analysts, to crunch the torrents of data generated and collected by organizations, and sales representatives skilled in commercializing and explaining a company’s offerings to clients and investors.

Other growth areas were a new type of human resources and organizational development specialists, as well as jobs involving engineering skills in materials, biochemical, nanotech and robotics.” said rt.com



“The biggest job losses were expected to be in healthcare, followed by energy, financial services and investors. Big job creation is anticipated in information and communication technology, professional services and media, and entertainment.

The report said job losses would be felt equally between women (48 percent) and men (52 percent). But as men represented a larger share of the overall job market, women are expected to lose five jobs for every job gained, compared with men losing three jobs for every job gained.

Re-skilling employees was cited as the most popular workforce strategy for how best to deal with the “sweeping changes,” in addition to supporting mobility and job rotation.

Around 65 percent of children starting primary school today will end up working in jobs that don’t yet exist, and their future training is crucial, according to the report. It also noted that the most in-demand occupations or specialties did not exist 10 or even five years go, and that the pace is set to accelerate.

The report was based on a survey of senior executives from 350 companies across nine industries in 15 of the world’s largest economies, representing 65 percent of the global workforce.” rt.com

Technological Advances Could kill 5 Million Jobs By 2020 – Report | UPRISER
 
WLDB
+4
#2  Top Rated Post
Sad but its nothing new. From the beginning of the industrial revolution on this has been the case.
 
gerryh
+2
#3
what they haven't taken into consideration is the loss of Baby Boomers in the work force. There will be a MAJOR shortage of workers as more and more BB's retire.
 
mentalfloss
#4
And replacing baby boomers with robots would be a substantial improvement.
 
CDNBear
+4
#5
I love cowardly implied insults. The authors of them always cry like a bitch when confronted head on.
 
Ludlow
+1
#6
My favorite robot was klatu from the movie the day the earth stood still Klatu kick the shyt out of the lousy earthlings.
 
gerryh
+2
#7
Quote: Originally Posted by mentalfloss View Post

And replacing baby boomers with robots would be a substantial improvement.


Good luck replacing tradesman with a robot, bubba. There is already a shortage of tradesman, this includes electricians, plumbers, hvac, mechanics, etc.
 
Ludlow
#8
Quote: Originally Posted by gerryh View Post

Good luck replacing tradesman with a robot, bubba. There is already a shortage of tradesman, this includes electricians, plumbers, hvac, mechanics, etc.

you left out carpenters you got something against carpenters prick?
 
B00Mer
#9
Quote: Originally Posted by gerryh View Post

Good luck replacing tradesman with a robot, bubba. There is already a shortage of tradesman, this includes electricians, plumbers, hvac, mechanics, etc.

Oh yeah!!

Meet the robot BUILDER: Fully automated bricklaying machine can create an entire house in just two days

Robotics Automating Construction and Building
 
gerryh
#10
Quote: Originally Posted by Ludlow View Post

you left out carpenters you got something against carpenters prick?


you did see the "etc" at the end of the line, didn't you? That would mean I included ALL other trades without having to list ALL of them in the post. I know you're American, and historically have lower comprehension skills than the rest of the western world, but do try to keep up and ask for help when you don't understand something.


That's nice. Now show me a robot that can come in and trouble shoot an existing hvac system that isn't working properly.
 
Ludlow
#11
LOL,,,,,fvck off Gerry. LOL.
 
Curious Cdn
#12
Hey! That's the leisure society that the Futurists were telling us about in the 1970s. Machines would do all of the work for us and we would have ... leisure. What none of them picked up on was that "leisure" = "unemployment" = "poverty". It's a damn shame but no one is going to pay us to be leisurly. The future ain't what it used to be.
 
Walter
+1
#13
http://www.youtube.com/watch?v=_tjZchYXMmA
 
taxslave
+1
#14
Quote: Originally Posted by mentalfloss View Post

And replacing baby boomers with robots would be a substantial improvement.

That would be because your generation is useless and will be unable to function on your own.
 
B00Mer
#15
Quote: Originally Posted by taxslave View Post

That would be because your generation is useless and will be unable to function on your own.

Their generation is all about the entitlements... always somebody else's money.. until it runs out.
 
Bar Sinister
#16
Quote: Originally Posted by Ludlow View Post

you left out carpenters you got something against carpenters prick?


They are part of the etc.
 
B00Mer
#17
 
Remington1
#18
Quote: Originally Posted by B00Mer View Post

Technological Advances Could kill 5 Million Jobs By 2020



Developments in artificial intelligence, robotics, and biotechnology, would disrupt the business world in a similar way to previous industrial revolutions, the World Economic Forum reports.

“The World Economic Forum said advances in technology, combined with socio-economic demographic changes, could lead to the net loss of 5 million jobs in 15 major economies in 2020. The report said the job loss predictions were “relatively conservative.”

“[A]s many as 7.1 million jobs could be lost through redundancy, automation or disintermediation, with the greatest losses in white-collar office and administrative roles,”the World Economic Forum stated in its ‘The Future of Jobs’ report released Monday.“The loss is predicted to be partially offset by the creation of 2.1 million jobs, mainly in…Computer and Mathematical or Architecture and Engineering.”

This first-of-its-kind report was released on the eve of the group’s economic forum where over 2,500 leaders from business, government and civil society will participate in an annual meeting in Davos, Switzerland. The future of jobs will be the central topic for discussion.

Referring to the transition as the “fourth industrial revolution,” the report said the jobs losses will come about because of developments in artificial intelligence, machine-learning robotics, nanotechnology, 3D printing and genetics and biotechnology. Those developments will lead to widespread disruption not only in business models, but also in labor markets, “with enormous change predicted in the skill sets needed to thrive in the new landscape.”

Two areas of job growth identified through the survey were data analysts, to crunch the torrents of data generated and collected by organizations, and sales representatives skilled in commercializing and explaining a company’s offerings to clients and investors.

Other growth areas were a new type of human resources and organizational development specialists, as well as jobs involving engineering skills in materials, biochemical, nanotech and robotics.” said rt.com



“The biggest job losses were expected to be in healthcare, followed by energy, financial services and investors. Big job creation is anticipated in information and communication technology, professional services and media, and entertainment.

The report said job losses would be felt equally between women (48 percent) and men (52 percent). But as men represented a larger share of the overall job market, women are expected to lose five jobs for every job gained, compared with men losing three jobs for every job gained.

Re-skilling employees was cited as the most popular workforce strategy for how best to deal with the “sweeping changes,” in addition to supporting mobility and job rotation.

Around 65 percent of children starting primary school today will end up working in jobs that don’t yet exist, and their future training is crucial, according to the report. It also noted that the most in-demand occupations or specialties did not exist 10 or even five years go, and that the pace is set to accelerate.

The report was based on a survey of senior executives from 350 companies across nine industries in 15 of the world’s largest economies, representing 65 percent of the global workforce.” rt.com

Technological Advances Could kill 5 Million Jobs By 2020 – Report | UPRISER

When human's are all replaced by robotics technology, that is when classes will balance out. When you don't have a job, you have no money, so you cannot buy all the products that the robots are producing.
 
MHz
#19
Actually when robots are the workers then the humans become the consumers rather than one class has nothing and the other class has everything. That is the imbalance that exists today and has for several centuries. It would be stupid to think that China going with robots means most of their citizens are flat broke for their whole lifetime, that is the western way and it is as ****ed as it always has been.
 
JLM
#20
Quote: Originally Posted by B00Mer View Post

Technological Advances Could kill 5 Million Jobs By 2020



Developments in artificial intelligence, robotics, and biotechnology, would disrupt the business world in a similar way to previous industrial revolutions, the World Economic Forum reports.

“The World Economic Forum said advances in technology, combined with socio-economic demographic changes, could lead to the net loss of 5 million jobs in 15 major economies in 2020. The report said the job loss predictions were “relatively conservative.”

“[A]s many as 7.1 million jobs could be lost through redundancy, automation or disintermediation, with the greatest losses in white-collar office and administrative roles,”the World Economic Forum stated in its ‘The Future of Jobs’ report released Monday.“The loss is predicted to be partially offset by the creation of 2.1 million jobs, mainly in…Computer and Mathematical or Architecture and Engineering.”

Technological Advances Could kill 5 Million Jobs By 2020 – Report | UPRISER


More than likely just shorten the work week!
 
Blackleaf
+1
#21
Two hundred years ago we had Ned Ludd and his followers take care of such matters.

https://en.wikipedia.org/wiki/Luddite

 
Walter
+1
#22
Here, we are 16 months away from 2020 and there are more jobs than people to fill them. Progs and their think-tanks are always wrong.

http://m.youtube.com/watch?v=IVs0Yr3GbRk

Beautiful.
 
MHz
-1
#23
Quote: Originally Posted by Walter View Post

Here, we are 16 months away from 2020 and there are more jobs than people to fill them. Progs and their think-tanks are always wrong.

Perhaps your post should be made 16 months after 2020 when the unemployment is running 50% or more.

You version would have them classified as useless eaters. The money saved in wages can be given to them as 'holiday pay' rather than shithawks like you being the only ones to be able to 'take a holiday'. Try Israel, make it one-way ticket as your posts show you don't have Canada's best interest at heart but you sure do love them no matter what. You would be as welcome as an Ethiopian Jew.
 
Curious Cdn
#24
...more low paying, Service Sector jobs than ever! Now, if we can do away with all of that "miniumum wage" nonsense, we can get them back down to a dollar a day! Make Tim Horton's great again!
 
MHz
-1
#25
The Govt already subsidizes workers in the Hotel industry so immigrants are cheaper to hire. If you want a job ditch your 'membership' and get reclassified as an immigrant.


Hey Walnut, if your case was so truthful you should be able to more that hit the red button. What a low-life and that goes double for the ones that you admire. lol
Last edited by MHz; Aug 25th, 2018 at 10:10 AM..
 
petros
+1
#26
Who is still paying minimum? Even McDonald's pays $25K+ year for full time after 3 months probation.
 
Walter
+1
#27
Quote: Originally Posted by MHz View Post

Perhaps your post should be made 16 months after 2020 when the unemployment is running 50% or more.

You version would have them classified as useless eaters. The money saved in wages can be given to them as 'holiday pay' rather than shithawks like you being the only ones to be able to 'take a holiday'. Try Israel, make it one-way ticket as your posts show you don't have Canada's best interest at heart but you sure do love them no matter what. You would be as welcome as an Ethiopian Jew.

So much hate.
 
MHz
#28
Quote: Originally Posted by petros View Post

Who is still paying minimum? Even McDonald's pays $25K+ year for full time after 3 months probation.

Really, you got a link because this link is only 2 days old so how many hours would be needed to clear $25k in a year.
https://ca.indeed.com/cmp/McDonald%27s/salaries

Quote: Originally Posted by Walter View Post

So much hate.

I've never denied that I hat liars, that you have bedded down with them makes you one of them. That is why your posts look like some girly man has made them while watching Sesame Street.
 
petros
#29
Nice, it's up from $13/hr to $14

Another $2K

$29,568 gross with holiday pay @ 5.6%
 
MHz
#30
https://firstwefeast.com/eat/2013/12...-ceo-gets-hour
A McDonald's Worker Will Have to Work 4 Months To Earn What The CEO Gets In An Hour
Obviously, income inequality in America isn't a huge problem.

https://transferwise.com/gb/blog/cos...ving-in-canada
$1600 for rent and $1,000 for other things.

https://neuvoo.ca/tax-calculator/Ontario-30000
$24k = $2k mo and that is $600 less than expenses