IDC and Forrester issued recently their predictions for artificial intelligence (AI) in 2020 and beyond. While external “market events” may make companies cautious about AI, says Forrester, “courageous ones” will continue to invest and expand the initial “timid” steps they took in 2019.
Today, we are no longer confined to what nature or natural intelligence must offer. From the steam engine to electricity and digital transformations to artificial intelligence, molecular manufacturing and bioengineering, each new transformative innovation has brought us a new (man-made) way of doing things in ways that nature did not provide for.
As new ways of manufacturing and production are emerging, they are taking away an ever-increasing number of tasks and roles previously performed by a human labor force. Furthermore, the automation, self-improvement, self-replication and distributed nature of the manufacturing processes are producing products and goods at a minimal cost. As a result, each of these existing and emerging technologies, individually and collectively, will likely one day eliminate the need for human labor for production of goods and services—shaking the very fundamentals of economics as we know today.
The shrinking government workforce doesn’t mean that government spending is at record lows.
It’s hard to believe the federal government now employs the fewest people since the mid-1960s. Yet according to jobs report earlier this month, the federal government now employs 2,711,000 people (excluding non-civilian military). Among the economy’s largest job sectors, it was the only one to shrink over the past year.
We already know that recruiting is an imprecise activity, and degrees don’t communicate much about a candidate’s potential and fit, but now data is confirming this. Employers need to know what a student knows and can do.
By Adam Riva: The global economy and any form of government that utilizes it are inherently obsolete and structurally unsound. They cannot be “fixed” because their very underpinning is a mishmash of competition, hierarchy, fractional reserve banking, and fiat currency – all operating under scarcity, coercion, inequality, and varying forms and degrees of economic slavery. We must stop trying to patch the tire and replace it altogether. We are long overdue for a true revolution in the monetary sector of society.
What will the workforce look like in 2019?
Human-resources experts predict significant changes within the workforce over the next five years. They predict a sizable shift as millennials take their seats at businesses large and small, and Baby Boomers simultaneously either retire or modify their work styles to reflect increasingly flexible and mobile opportunities.
Symbol of capitalism
The Organization for Economic Cooperation and Development, a pro-establishment, pro-market thinking organization has released a report predicting a collapse in global economic growth rates, a rise in feudal wealth disparity, collapsing tax revenue and huge, migrating bands of migrant laborers roaming from country to country, seeking crumbs of work. They prescribe “flexible” workforces, austerity, and mass privatization.
Millennials will turn work into a game instead of a chore.
Over the next 10 years, millennials are going to make major shifts in corporations and most people aren’t ready for the amount of change that’s coming. Millennials will account for 75% of the global workforce by 2025 and by next year, they will account for 36% of the American workforce. At some companies like Accenture and Ernst & Young, they already account for over two thirds of the entire employee base.
Black unemployment is higher than Hispanic unemployment, which itself is higher than white unemployment. This has not only been true for the last year, or the last decade, but it has been true for the last four decades and beyond.
Is your office prepared for millennials?
It’s estimated that 46% of U.S. workers will be made up of millennials, by 2020, and that is projected to grow to 75% by 2025, which means companies of all sizes will be vying for this group of professionals.
Gender-based jobless rates change household dynamics.
The European Union’s unemployment rate fell in June for the first time in more than two years — that is, until you consider that 10.9 percent of the union’s workforce is still jobless, and that number for countries that use the euro is 12.1 percent.
Futurist Thomas Frey: Over the past few days I’ve been wrestling with a very troubling thought.
It started with the simple question, “Ten years from now, anyone who is frustrated with those in power, whether it’s a local, national, or international issue, what options will they have for protesting what they see as an injustice, inequities, or outright corruption?”