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![A tsunami of reports about AI, robotics,
machine learning, deep learning,
prediction machines, automation,
robotics, fourth industrial revolution or
[insert favorite phrase here].](https://image.slidesharecdn.com/futureofwork2018cord-180706213252/75/Future-of-Work-2018-_-Closing-Keynote-20-2048.jpg)
Uploaded byKristin Wolff
Future of Work 2018 _ Closing Keynote
This document discusses the future of work and the impact of automation and technology on jobs. It notes that while many reports discuss massive job losses from automation, estimates vary widely on the percentage of jobs that will be impacted. It also discusses the precarity of many modern jobs and incomes. The document advocates for solutions like retraining workers for new career paths, improving student supports, and leveraging partnerships across education, business and government to help workers transition to new opportunities.
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Similar to Future of Work 2018 _ Closing Keynote
Future of Work 2018 _ Closing Keynote
- 1. The Future ofWork: Are we Ready?
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- 4. Now, “Future ofWork” is a thing.
- 5. Everyone’stalking aboutit. (Nearly 3 billionresults? Mom and apple pie together do not get you to 2 billion.)
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- 7. Manythreads… New York Times,Dec 11, 2017 1. Jobs, wages & income
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- 9. 3. Skills (& Gaps) BigThink, Michio Kaku, June 24, 2018
- 10. 4. New Kindsof “Organizations” Hilo Motion Pictures
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- 15. Big“Aha…” People value stabilityand increased wages over time. The economy is creating the opposite – lower wages, volatility.
- 16. #FOW. Everyone is talkingabout it. No really.
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- 19. “Ifyoudon’thaveahustle,you aren’tgoingtohaveajob.” Dwight&Tanisha “If youdon’t have a hustle, you aren’t going to have a job.””Dwight & Tanisha
- 20. A tsunami ofreports about AI, robotics, machine learning, deep learning, prediction machines, automation, robotics, fourth industrial revolution or [insert favorite phrase here].
- 21. 1. Insurance underwriters 2.Bank tellers 3. Financial analysts 4. Construction workers 5. Inventory managers/stockers 6. Farmers 7. Taxi drivers 8. Manufacturing workers 9. Journalists 10.Movie stars Curious?
- 28. Talkingpastone another? Accenture Survey (2018) AutoExecs § 84% say they will automate tasks or jobs to a “large or very large degree” over next three years. (75% say industry will be “transformed.”) § 2% plan to significantly increase investment in skills training. Auto Workers § 2/3 of employees say “intelligent machines will make their jobs simpler” and “encourage creativity and innovation.”
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- 30. Andscaryones… “It will soonbe obvious that half our tasks can be done better at almost no cost by AI.This will be the fastest transition humankind has experienced,and we’re not ready for it.”
- 32. So much noise. Solittle signal.
- 33. In the nextthirty or ten or five years, 47%1 or 60%2 or between 6% and 39%3 of jobs will change, disappear, or be automated. 1 Source:The Future of Employment (the famous Oxford Study, 2013) 2 Source: McKinsey Global institute: A Future that Works (report on automation of work, not jobs, 2017) 3 Source: Forrester Research: Future of Jobs (report on jobs, automation, and augmentation, 2017)
- 34. We can safelysay that “upcoming workforce transitions could be very large.” McKinsey,WhattheFutureofWorkwillmeanforJobs,SkillsWages(2017)
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- 37. Some humans arefighting back.
- 38. But it’s notjust automation.
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- 40. Thestomachchurners.§ 3.8% Unemployment,but dramatic rise in gig economy: 54-68M workers lack benefits of “jobs.” (McKinsey, 2017) § One in two Americans cannot cover a $400 unexpected expense. (Federal Reserve, 2015) § College debt tops $1.3T (Federal Reserve, 2017) § Income inequality higher than at any time in history (Andy Sum, 2013) § Half American families have no retirement savings, of those who do, the median value is $5,000 (EPI, 2011) § Income volatility is rising faster than income inequality (Brookings, citing J. Hacker) § Stock Market at record levels, but ½ working Americans don’t own any. And the wealthiest 10% own 90% of it. Afewfacts…
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- 44. MajorEvent#1 (undisclosed locationeast) “One in sevenAmericans are likely to lose their jobs.” Famous Person * Chris Hughes & the Stockton project do tie into policy.
- 45. MajorEvent#2 (undisclosed locationwest) “It’s not hardto imagine – a bobcat-bot,a retail-bot,Siri – jobs for those displaced will be the defining challenge of our time.“ Famous People
- 46. MajorEvent#3 (undisclosed locationwest) “We should havea program that trains people who are laid off or at-risk being laid off for new jobs.” Famous People in the Social Policy space (!!)
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- 49. What to do? (Hmmm…Howabout… #ACCP18?!)
- 50. 1. Get realabout transitions (that’sonus,allofus…) Solution#1: Forgenewcareer paths.
- 52. 1. Get realabout transitions (that’sonus,allofus…) Solution#2:Build modernstudent supports
- 53. Photo credit: KimOanh Nguyen photosbykim.com
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- 59. Awordabout training… “Government has ahuge role to play: 1) We have to make benefits portable. 2) Streamline but don’t eliminate the regulatory environment. 3) Training – this is the one I’ve seen the fewest good answers for. 4) Housing in urban America.”
- 60. Jointhe wider ecosystem §Florida commissioned areport about what employers want from workforce system, only 2/3 wanted help with hiring or training “full-time employees” (not yet published). §Samaschool and kin §So many WDQI states (e.g., Ohio Education Research Center at “the” OSU”) §Learning platforms (General Assembly, Skillshare, Western Governors University) §Institutional Innovators (Arizona State University, Wallace Community College) §Online/Offline Networks (Meetups/LinkedIn) §SBDCs, Public Benefit Corps, Intrastate investing, localism, etc.
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- 62. Because the futureis already here—it’s just not very evenly distributed. William Gibson https://medium.com/the-tomorrow-project
- 63. Keepintouch! Kristin Wolff, SocialPolicy Research Associates (SPR) @kristinwolff Kristin_Wolff@spra.com Your turn!