Over the next three years, 120 million workers in the world's 12 biggest economies may need to be retrained as a result of widespread adoption of artificial intelligence (AI) and automation in the workplace, according to a new IBM Institute for Business Value (IBV) study.
Only 41% of CEOs surveyed have the resources in place to close the skills gap brought on by new emerging technologies. That means 59% of the CEOs surveyed have no skills development strategies in place for their employees in the early 2020s.
"Organizations are facing mounting concerns over the widening skills gap and tightened labor markets with the potential to impact their futures as well as worldwide economies," said Amy Wright, Managing Partner, IBM Talent & Transformation, IBM.
"Yet while executives recognize the severity of the problem, half of those surveyed admit that they do not have any skills development strategies in place to address their largest gaps. And the tactics the study found were most likely to close the skills gapthe fastest are the tactics companies are using the least. New strategies are emerging to help companies reskill their people and build the culture of continuous learning required to succeed in the era of AI."
[Ron: Arguably characterising the dramatic drop in the need to employ workers for salaries and wages as a skills development problem amounts to deliberately obfuscating the truth, namely that humanity on this planet is on the cusp of a new era in which human labour will cease to be essential to maintain society in material abundance because AI, robots and technology will replace the need for much human physical and mental work.].
The IBV study, "The Enterprise Guide to Closing the Skills Gap," includes input from 5,670 CEOs located in 48 countries, points to challenges that companies will face in the early 2020s with managing their workforce through the technological shift.
IBM said, the "era of AI" will be a transformative period for the global economy as the skill gap through employee training will take time to close. The company's study indicates new skill requirements for jobs will be required due to the fast pace of AI and automation adoption, while other skills become out-of-date.
[Ron: This statement is a stupid LIE. Once AI and robotics dominate industrial, construction, transport, agricultural, health, legal, acounting and other industries the labour force required for servicing, maintenance and creation of improved robotic and technological designs etc will NOT require more than a fraction of the human manpower currently required to perform the work that will be done by AI and robotics in the future.
BLIND FREDDY can see that this situation is NOT sustainable. The question is: 'What, if anything, is the bulk of humanity going to do about it?
Here's a hint Pilgrims. IF the global population allows the current rapacious and totally dysfunctional corporatist domination and control of our world (typified by Amazon and Google et al) and fails to develop the mental muscle and guts to refuse to allow Fascists (ie corporatists and their puppet politicians and so-called Welfare governments) to exploit, impoverish and immiserate the bulk of the global population, human society on this planet will disappear up its own fundamental orifice. The choice is yours. Pretending that ALL that is required is retraining of workers to overcome "the skills gap" is ridiculous.
Proper use of AI and robotics etc should enable ALL of humanity to begin transitioning into a new age free of the drudgery of endless physical work that has hitherto been needed to survive. That result will mean that humans will become free to think and develop their innate creativity instead of scrabbling for a living as free range serfs (wage slaves) in the Fascist capitalist milieu we currently inhabit. However, that prosperous and abundant future for all can only be achieved if we shuck off the mind controlled illusion that a tiny cabal of banksters and corporatists are entitled to OWN and control the corporations and hence the technologies and profits of the machines that create abundance for all. Today it is estimated that some 700 individuals own and/or control the mega trans-national corporations that control global production of goods and services. Those individuals already HAVE most of this worlds' wealth and if they are allowed to continue to control the production and KEEP the totally inadequately taxed profits of most global mega corporations, human life on this planet is doomed. See eg: How Interlinked Corporations Rule The World. - http://abundanthope.net/pages/Political_Information_43/How-Interlinked-Corporations-Rule-The-World.shtml
The solution is obvious. Nations and communities must take back ownership OR control of the corporations that use AI and robotics etc to produce essential societal needs in the future in order to redistribute the resultant productivity and abundance. IF nations and communities ensure that the profits of ALL corporations are properly taxed so that NO ONE is able to appropriate, hoard and use for private purposes the personally unearned increments accruing from the use of AI, robotics and technologies generally, humanity will enter a golden age. But if not, not.].
The study lays out a guide for businesses to better foster talent and close the skills gap in a timely fashion.
IBM said companies could use AI to determine what skills are already available throughout their business and share that info with employees to drive a culture of "continuous learning."
Last month, Tesla CEO Elon Musk said AI impact on the workforce could be devastating.
Musk said,"AI will make jobs kind of pointless."
One of our reports from June describes how automation, engineering, energy storage, artificial intelligence, and machine learning have the potential to reshape the world in the next decade, could result in at least 20 million job losses across the globe.
There is no doubt that the collision of AI and automation in the workplace will trigger economic disruption far more significant than what was seen during the agriculture revolution (1900 to 1940) when farmers retooled their skills to work in cities in industrial factories.
[Ron: Well DUH!!!].
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