47% of Jobs Will Disappear in the next 25 Years

The Trump campaign ran on bringing jobs back to American shores, although mechanization has been the biggest reason for manufacturing jobs’ disappearance. Similar losses have led to populist movements in several other countries. But instead of a pro-job growth future, economists across the board predict further losses as AI, robotics, and other technologies continue to be ushered in. What is up for debate is how quickly this is likely to occur.

Now, an expert at the Wharton School of Business at the University of Pennsylvania is ringing the alarm bells. According to Art Bilger, venture capitalist and board member at the business school, all the developed nations on earth will see job loss rates of up to 47% within the next 25 years, a statistic from a recent Oxford University study. “No government is prepared,” The Economist reports. These include blue and white collar jobs. So far, the loss has been restricted to the blue collar variety, particularly in manufacturing.

To combat “structural unemployment” and the terrible blow it is bound to deal the American people, Bilger has formed a nonprofit called Working Nation, whose mission it is to warn the public and to help make plans to safeguard them from this worrisome trend. Not only is the entire concept of employment about to change in a dramatic fashion, the trend is irreversible. The venture capitalist called on corporations, academia, government, and nonprofits to cooperate in modernizing our workforce.

To be clear, mechanization has always cost us jobs. The mechanical loom for instance put weavers out of business. But it’s also created jobs. Mechanics had to keep the machines going, machinists had to make parts for them, and workers had to attend to them, and so on. A lot of times those in one profession could pivot to another. At the beginning of the 20thcentury for instance, automobiles were putting blacksmiths out of business. Who needed horse shoes anymore? But they soon became mechanics. And who was better suited?

You may be interested

HEALTH
shares0 views2
HEALTH
shares0 views2

Is Your Coffee Killing You? Over 1,500 Chemicals Found In One Cup

ThomasDishaw.com - Jan 19, 2017

Is your coffee killing you? Did you know your average cup of coffee has about 1,500 different chemicals? Each cup contains trace amounts of synthetic fertilizers, pesticides, herbicides, fungicides, and insecticides.

HEALTH
1 shares0 views3
HEALTH
1 shares0 views3

First GMO Apples to Hit U.S. Stores in February

ThomasDishaw.com - Jan 18, 2017

Add GMO apples to the list of fruit to avoid at the grocery store. According to the Organic Authority, ten "lucky" midwest stores (sense the sarcasm) will test market the genetically modified Golden Delicious apple in early February 2017.

ENTERTAINMENT
0 shares0 views
ENTERTAINMENT
0 shares0 views

THE REAL STORY OF DAJUAN WREN AKA ‘STREET LORD JUAN’

ThomasDishaw.com - Jan 18, 2017

Dajuan Wren, better known as ‘Street Lord Juan‘, was a Detroit icon. Sometimes he went by Stephon Greer, Dajuan Johnson, or lastly, Nerau Neri Aasekhemu Ali (I’ll get to that later), and these were just a handful of the aliases.