Special report: Driverless cars are the new dot-com bubble

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We simply don’t know what sort of jobs will be available in the future. After all, imagine yourself in the year 1900 peering into the future. How could you know then that the proportion of people employed in agriculture in the USA would fall to a twentieth of what it was then?

Or that there would now be more people employed as mental health nurses in the NHS than there are sailors serving in the Royal Navy? Or that large numbers of people would pay good money to personal trainers to put them through their paces and ensure that they suffered the requisite amount of agony?

History is full of people who have made long-term predictions and who have been proved utterly wrong. Among economists one of my favourites is the great William Stanley Jevons, one of the most distinguished economists of the nineteenth century. In 1865 he predicted that industrial expansion would soon come to a halt due to a shortage of coal. Poor old Jevons.

So we must tread warily. Having said that, and having dosed ourselves with lashings of humility, and drunk deep from the well of scepticism, there is a lot that we can say about the future of employment in the new robot- and AI-dominated future.

One of the most widely talked about categories of jobs supposedly at risk is drivers: bus drivers, truck drivers, taxi drivers, chauffeurs, delivery drivers, and many more. A 2017 trucking industry report predicted that by 2030, out of 6.4m trucking jobs in America and Europe, about 4.4m of them could have disappeared as “robots” do the driving.

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Robots are preparing to fill 200,000 vacant construction jobs

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As Futurist Thomas Frey says, “As long as we have problems, we’ll always have jobs.”

Automation has long been considered the harbinger of future unemployment, and experts have predicted that the widespread adoption of artificially intelligent (AI) software and smart machines could lead to thousands or even millions of people losing their jobs.

However, that may not be the case in the construction industry. In fact, with a growing shortage in labor, it’s one sector that’s particularly well-suited for an automation takeover.

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Ten key skills for the future

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This report analyzes key drivers that will reshape the landscape of work and identifies key work skills needed in the next 10 years. It does not consider what will be the jobs of the future. Many studies have tried to predict specific job categories and labor requirements.

Consistently over the years, however, it has been shown that such predictions are difficult and many of the past predictions have been proven wrong. Rather than focusing on future jobs, this report looks at future work skills—proficiencies and abilities required across different jobs and work settings.

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Entrepreneurs: How To Define Your Future In The Exponential Age

Recently, I’ve been impressed by a vision of the future as shared by serial entrepreneur and CEO Udo Gollub. He has noted that what happened to Kodak will happen to many industries in the next 10 years. But most don’t see it coming. Did you think, in 1998, that 3 years later you would never take pictures on film or paper again?

Digital cameras were invented in 1975. The first models had only 10,000 pixels of image resolution, but followed Moore’s law (like transistors, we’ve doubled the number of pixels per square inch every year). Similar to many exponentially growing technologies, it was a disappointment for a long time, but grew progressively more superior and went mainstream in only a few short years.

Welcome to the 4th Industrial Revolution. Welcome to the Exponential Age.

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Robots won’t just take our jobs – they’ll make the rich even richer

Should robots pay taxes?

It may sound strange, but a number of prominent people have been asking this question lately. As fears about the impact of automation grow, calls for a “robot tax” are gaining momentum. Earlier this month, the European parliament considered one for the EU. Benoît Hamon, the French Socialist party presidential candidate who is often described as his country’s Bernie Sanders, has put a robot tax in his platform. Even Bill Gates recently endorsed the idea.

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Robots and drones: Coming soon to a construction site near you

Advancements in the robotics field are helping to transform a number of industries, construction being one of them. Companies that build things can expect to see a host of new machines that perform a variety of tasks — adding efficiency to construction projects as well as reducing injuries to human workers.

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The Lack of Blockchain Talent is Becoming An Industry Concern

The alleged lack of available talent for blockchain industry jobs was high on the agenda at the DTCC’s Fintech Symposium, held at the Grand Hyatt in New York City yesterday.

There, executives from a wide range of companies took turns addressing an audience of several hundred financial industry executives to express their concern about what they believe is a problem preventing wider growth and use of the technology.

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How to recruit a great software developer

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It’s a seller’s market for programmers. Demand for programmers and software engineers is expected to grow by 22 percent over the next seven years, according to research conducted by IT staffing firm, Modis. The average salary for a software developer is around $96,000 and top earners approach $150,000 per year, according to the U.S. Labor Department.

NOTE: For those wanting to enter the programming profession, DaVinci Coders is currently accepting applications for the 2016 courses. Small class sizes so seating is limited.

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1099 or W-2? Uber, changing the way we think of transit

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The success of companies like Uber can be attributed to one factor: independent contractors. A business model built around the sharing economy, it’s brought about a boom of cash flow in niche markets. But with new territory comes new challenges, and already these industries are feeling the heat for their approach to labor management. Continue reading… “1099 or W-2? Uber, changing the way we think of transit”

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