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LMIC - FoW, AI and Automation

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Presentation on the future of work, AI and automation.
Given at the Building Connections conference held in Ottawa, 27 February 2019.

Publicada em: Economia e finanças
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LMIC - FoW, AI and Automation

  1. 1. LABOUR MARKET INFORMATION COUNCIL CONSEIL DE L’INFORMATION SUR LE MARCHÉ DU TRAVAIL Making Sense of the Future of Work TonyBonen DirectorofResearch,Data andAnalytics Building Connections 27 Feburary2019
  2. 2. LMIC’s Mission EmpowerCanadians with timely and reliable labour market information and insights in an engaging way that supportstheir decision-making process
  3. 3. Future of WorkAnnotatedBibliography A “living document” summarizes Canadian and International research reports Version2.1released February Theme Canada-focused reports International reports FoW Drivers Technological Change (Automation, AI, etc.) 59% 83% Demographic Change (e.g., aging) 52% 39% Climate Change 4% 22% Type of Analysis Quantitative analysis 78% 65% Skills-specific projections 11% 26% Level of Analysis National-level forecasts 56% Provincial-level forecasts 22% Sub-provincial-level forecasts 7% Total Number of Reports 27 23
  4. 4. The Future of Work: What doweknow? 1. Is technology impacting labour markets more rapidly/profoundly thanin previous eras? 2. Is AI/automation the most important driver of recent labour market trends? 3. Is upskillingthe key to “future proofing” the Canadianworkforce?
  5. 5. Industrial Revolutionsin perspective Name Period Representative Technology Major Labour Market Impact 1st The Industrial Revolution 1760-1830s Steam engine, machine tools, paper machine, cotton gin, cement Creation of factories, labour revolts, major social changes (esp. land ownership) 2nd Technological Revolution 1870-1914 Light bulb, telegraph, cars, water/gas/sewage systems Major increases in productivity, unstable (falling) prices, spells of mass unemployment 3rd Digital Revolution 1960/70s-present Computer, Internet, iPhone New high skilled jobs, decline in administrative/support staff 4th The Robots are Coming (tentative) 2010s-present Robotics, AI, Internet of Things ?
  6. 6. ChangingEmploymentand GDP shares in 3 Sectors
  7. 7. Conclusion • FoW analysesare challengingand canbe technicallycomplex … but more detailed research is needed (e.g., geography, multiple drivers and scenarios) • Developing skills-focusededucation and training will continue to be important … but rapidjob loss remains possible and will need to be addressed by responsive policy tools