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Artificial Intelligence (AI) – Tasks will be augmented, not automated
Despite technological strides forward, this year’s Future of Jobs report suggests that businesses are becoming more sceptical about the potential for artificial intelligence to fully automate work tasks. Executives estimate that 34% of tasks are already automated – just one percentage point ahead of the figure reported in the Future of Jobs Report 2020. Future … Continue reading
Aging Population – A demographic drag is coming but the consequences on growth will likely be less severe numbers suggest
As many countries complete the demographic transition, their populations age. While a growing working-age share thanks to aging has been a source for economic growth, contracting working-age shares now threaten to turn the former demographic dividend into a demographic drag. In this paper, we investigate the consequences of changes in working-age shares for economic growth. … Continue reading
Tattoos in US – 32% of Americans have a tattoo, including 22% who have more than one
32% of Americans have a tattoo, including 22% who have more than one 69% of adults say they got any of their tattoos to honor or remember someone or something. 47% say they got a tattoo to make a statement about what they believe. Source: How many Americans have tattoos, why, and do they regret … Continue reading
Benefits of College in US – Students whose majors provide technical training, such as engineering or math and computers, earn the highest returns
Despite rising tuition and falling wages for college graduates over the past several years, a college degree still tends to be a sound investment, according to a new Federal Reserve Bank of New York study. In “Do the Benefits of College Still Outweigh the Costs?” economists Jaison R. Abel and Richard Deitz examine the economic … Continue reading
Skills-First – Putting skills at the forefront of talent strategies
As world markets continue to adjust, governments and businesses need to remain agile and adapt — or risk missing out on significant opportunities that positively impact companies, the economy, and society. New LinkedIn data reveals how a skills-first approach to the labor market, in which people are hired based on skills rather than degrees or … Continue reading
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