article thumbnail

Rethinking The Impact AI Might Have On Work

The Horizons Tracker

The paper sparked a wave of concern about what impact the latest wave of automated technologies would have on the labor market. The study moves beyond task-based comparisons to assess the feasibility of AI systems performing these jobs and the economic viability of businesses adopting such technologies.

article thumbnail

Reskilling the Future of Work

HR Digest

History, if it has taught us anything at all, has taught us that technology has created large employment and sector shifts, but also widened job opportunities. More perpetual policies might be necessary to increase wages and support future aggregate demand ensuring workforce fairness. What should companies do now?

McKinsey 134
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The More Climate Skeptics There Are, the Fewer Climate Entrepreneurs

Harvard Business Review

Higher carbon taxes would have a direct effect on encouraging households and firms to consume less fossil fuels and would accelerate directed research in green technologies such as electric vehicles, solar panels, and other forms of renewable power. and in developing nations.

article thumbnail

The Question with AI Isn’t Whether We’ll Lose Our Jobs — It’s How Much We’ll Get Paid

Harvard Business Review

The basic fact is that technology eliminates jobs, not work. It is the continuous obligation of economic policy to match increases in productive potential with increases in purchasing power and demand. While technology and globalization have spurred competition, efficiency, and dynamism, the gains have not been shared by all.

article thumbnail

What the U.S. Economy Needs More Than Manufacturing

Harvard Business Review

He also mentioned a plan for some sort of a stimulus to technological innovation, starting these manufacturing centers [like the one in Youngstown, Ohio]. But a jobs strategy has to be based on aggregate demand throughout the economy. That will make a contribution marginally, in my view. But a lot of them will be in services.

Price 9