5. October 2016
Kelli Wells is Executive Director for Education and Skills at the GE Foundation.
OCT 5, 2016 Project Syndicate
NEW YORK – Understanding the future of work is difficult, if not impossible. According to the MacArthur Foundation, 65% of today’s schoolchildren will eventually be employed in jobs that don’t exist yet.
As technology, globalization, and many other factors continue to redefine work, one constant will be the need for soft skills, or “skills for life.” Peer-to-peer deliberation, brainstorming, and collaboration are familiar to working professionals today, but we can’t assume that they come naturally, especially to the millions of students without access to proper training and college- and career-planning resources. In fact, a growing global skills gap suggests that many young workers are already falling behind.
According to the United States Bureau of Labor Statistics, the US economy has 5.9 million job openings, while 7.8 million people remain unemployed. In Europe, 5.6 million young people are unemployed, while another two million are neither working nor in school. Read the rest of this entry »
30. June 2016
Bruno Michel is a scientist at IBM Research – Zurich.
JUN 30, 2016, Project Syndicate
ZURICH – Ever since the American computer scientist John McCarthy coined the term “Artificial Intelligence” in 1955, the public has imagined a future of sentient computers and robots that think and act like humans. But while such a future may indeed arrive, it remains, for the moment, a distant prospect.
And yet the foreseeable frontier of computing is no less exciting. We have entered what we at IBM call the Cognitive Era. Breakthroughs in computing are enhancing our ability to make sense of large bodies of data, providing guidance in some of the world’s most important decisions, and potentially revolutionizing entire industries.
The term “cognitive computing” refers to systems that, rather than being explicitly programmed, are built to learn from their experiences. By extracting useful information from unstructured data, these systems accelerate the information age, helping their users with a broad range of tasks, from identifying unique market opportunities to discovering new treatments for diseases to crafting creative solutions for cities, companies, and communities. Read the rest of this entry »
1. July 2015
Source: Project Syndicate
Jean Pisani-Ferry is a professor at the Hertie School of Governance in Berlin, and currently serves as Commissioner-General for Policy Planning for the French government. He is a former director of Bruegel, the Brussels-based economic think tank.
PARIS – In 1983, the American economist and Nobel laureate Wassily Leontief made what was then a startling prediction. Machines, he said, are likely to replace human labor much in the same way that the tractor replaced the horse. Today, with some 200 million people worldwide out of work – 30 million more than in 2008 – Leontief’s words no longer seem as outlandish as they once did. Indeed, there can be little doubt that technology is in the process of completely transforming the global labor market.
To be sure, predictions like Leontief’s leave many economists skeptical, and for good reason. Historically, increases in productivity have rarely destroyed jobs. Each time that machines yielded gains in efficiency (including when tractors took over from horses), old jobs disappeared, but new jobs were created. Furthermore, economists are number crunchers, and recent data show a slowdown – rather than an acceleration – in productivity gains. When it comes to the actual number of jobs available, there are reasons to question the doomsayers’ dire predictions. Yet there are also reasons to think that the nature of work is changing. Read the rest of this entry »
19. January 2015
Source: Project Syndicate
Eric Schmidt is Executive Chairman of Google.
BERLIN – The best inventions are never finished. When the German engineer Karl Benz invented the first petroleum-powered automobile, he did not just create an engine with wheels; he set in motion an industry that revolutionized the way society was structured. Similarly, the English computer scientist Tim Berners-Lee did not only build the world’s first Web site. He laid the groundwork for the World Wide Web. Neither could have anticipated the impact of what he was doing.
If there is one lesson that economic policymakers should heed in 2015 and beyond, it is this: Just as invention is dynamic, so are the industries it creates. As we learned in 2014, it is a lesson that has yet to sink in entirely.
When Google was launched, people were amazed that they were able to find out about almost anything by typing just a few words into a computer. The engineering behind it was technically complicated, but what you got was pretty rough: a page of text, broken up by ten blue links. It was better than anything else, but not great by today’s standards. Read the rest of this entry »