The social credit system in China has blocked people from taking more than 11 million flights and 4 million train trips.
The social credit system is used to punish citizens for bad behavior with numerous blacklists preventing them from traveling, getting loans or jobs, or staying in hotels, and even by limiting internet access.
We all know what happens when industrial revolutions come to town, right? Higher productivity as machines take over, coupled with job losses for the people whose jobs are now being done faster, more efficiently, and cheaper by machines.
At least, that’s one way of looking at it. But, as the following video from the WSJ makes clear, there’s another interpretation available for what will happen to the global workforce in light of the tidal wave of changes coming related to tech and AI.
Continue reading… “Will tech and AI take your job, or help you do it better?”
Uber, Airbnb managers say ‘I’m hiring’ on LinkedIn profiles.
Job postings up 75 percent in past three years on Indeed.com.
Murray Webb had been a lackluster student more interested in sports than schoolwork while attending a small Virginia college. Then he transferred to Kennesaw State University in suburban Atlanta to pursue a master’s degree in applied statistics and landed four job offers upon graduation. Webb, 33, now earns $160,000 a year targeting health-care customers for hospitals and says he is approached weekly by companies and recruiters seeking data scientists.
Continue reading… “This is America’s hottest job”
A $25,000 robot barista serves 120 cups of coffee an hour — and it is part of a growing ‘robot revolution’ that could kill millions of jobs .
“I don’t see the robot revolution as a problem,” 24-year-old inventor Henry Hu told CNBC.
More restaurants and coffee shops are investing in automation and replacing jobs with robot labor.
Continue reading… “Robot barista reveals dangerous rise of automation”
Advances in artificial intelligence and automation could replace as many as half the nation’s financial services workers over the next decade, industry experts say, but it’s going to take a big investment to make that happen.
James D’Arezzo, CEO of Glendale-based Condusiv Technologies, says that’s where things are headed. And the process will be complicated.
“Unless banks deal with the performance issues that AI will cause for ultra-large databases, they will not be able to take the money gained by eliminating positions and spend it on the new services and products they will need in order to stay competitive,” he said.
Around the world, in places like Barcelona, Paris, Buenos Aires and New York, there’s an exciting new co-location concept spurring innovation: Multi-sector innovation hubs that span a range of business models, ownership structures, and physical layouts. The goal of all is to create a motivating work environment where businesses of all kinds can learn from each other, make connections, develop new skills, and get inspired to reach the next level. Many of the hubs occupy imaginatively repurposed iconic buildings, including museums, warehouses, train stations, navy yards and hospitals, giving new life to underutilized parts of cities that had lost their previous vibrancy. What follows are six of the best global innovation hubs.
Continue reading… “A new wave of innovation hubs sweeping the world”
By Deb Frey: Automation will dominate some fields. But people will want new things, and new industries will arise.
Predicting the course of technological progress is extremely difficult. Just because worries about human obsolescence ultimately turned out to be misplaced in the Industrial Revolution doesn’t mean that the same happy result must necessarily prevail this time around. So the persistent question about artificial intelligence — or “robots” in common parlance – is whether they will make human workers obsolete.
Continue reading… “As long as there are humans, there will be jobs”
Over the past few months, Starbucks, CVS, and Walmart announced higher wages and a range of other benefits like paid parental leave and stock options. Despite what the brands say in their press releases, the changes probably had little to do with the Republican corporate tax cuts, but they do reflect a broader economic prosperity, complete with a tightening a labor market. In the past couple of years, real wages hit their highest levels ever, and even the lowest-paid workers started getting raises. As Matt Yglesias wrote at Vox, “for the first time in a long time, the underlying labor market is really healthy.”
Continue reading… “Seeking a roadmap for the new American Middle Class”
Sara Glascock, an electrician’s apprentice, stands at her job site at the San Francisco International Airport. For women, breaking into construction can be tough. “Pre-apprenticeships” can give them an extra edge.
Continue reading… “Women at work: ‘pre-apprenticeships’ boost female construction workers”
In towns where workers are scarce, employers are boosting pay and perks and stepping up recruiting—all while trying to avoid raising prices.
What will happen when the U.S. unemployment rate falls below 4 percent, which is expected to occur by this summer? One way to tell is to look at cities where joblessness is already lower than that. Bloomberg News reporters traveled to Iowa, Georgia, and Maine. What they saw there is encouraging. They discovered that employers have found ways to cope with tight labor markets and still make money. Businesses have pulled in workers from the sidelines—including retirees, immigrants, and the homeless—and retooled processes to use less labor. Some have raised pay considerably for certain jobs, but so far there are no signs of an overall wage explosion. That should embolden those at the Federal Reserve who want to raise interest rates slowly to give growth a chance.
Continue reading… “This Is What Record-Low Unemployment Looks Like in America”
10 highest-paying fields — with lots of growth — for gig workers
This is one hell of a gig.
Millions of workers now participate in the gig economy — loosely defined as the workers who work a series of freelance or temporary jobs rather than one full-time job. Indeed, about one in four Americans now participates in the digital gig economy, using apps or websites like Airbnb or Uber to earn some extra cash.
Continue reading… “The secret to making $115 an hour in the gig economy”
Employment models are under strain like never before. There’s an increasing disconnect between employees and the traditional company hierarchy, piling pressure on HR to create more agile and productive working environments.
Continue reading… “Five trends for HR in 2018”
By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.
Learn More about this exciting program.