IT Killing Jobs Faster than Creating Jobs
Unemployment and economic output are at near-record highs. So where did all the jobs go? Fast-advancing, IT-driven automation might be playing the biggest role in our current jobs crisis.
What's the Latest Development?
Not since the Industrial Revolution have so many people feared that new technologies would permanently erode employment. In our time, the nature of jobs made obsolete by machines is different than ever before. "Communication and computer abilities mean that the type of jobs affected have moved up the income distribution," says Peter Diamond, winner of a 2010 Nobel Prize for his work on market imperfections, including those that affect employment. Diamond says he is confident the market will eventually find new jobs for people.
What's the Big Idea?
Not only are machines able to do increasingly complex and better-paid work, but the rate of technological advance has never been faster. The result is that it is increasingly difficult for the labor market to adjust to the need for new skill sets. Experts argue that the technology currently making industry more productive should be applied to improving and updating the education system. And until the labor market adjusts to the IT-driven economic tumult, the government should invest more in infrastructure and education to encourage growth.
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Antimicrobial resistance is growing worldwide, rendering many "work horse" medicines ineffective. Without intervention, drug-resistant pathogens could lead to millions of deaths by 2050. Thankfully, companies like Pfizer are taking action.
- Antimicrobial-resistant pathogens are one of the largest threats to global health today.
- As we get older, our immune systems age, increasing our risk of life threatening infections. Without reliable antibiotics, life expectancy could decline for the first time in modern history.
- If antibiotics become ineffective, common infections could result in hospitalization or even death. Life-saving interventions like cancer treatments and organ transplantation would become more difficult, more often resulting in death. Routine procedures would become hard to perform.
- Without intervention, resistant pathogens could result in 10 million annual deaths by 2050.
- By taking a multi-faceted approach—inclusive of adherence to good stewardship, surveillance and responsible manufacturing practices, as well as an emphasis on prevention and treatment—companies like Pfizer are fighting to help curb the spread.
Entrepreneur and author Andrew Horn shares his rules for becoming an assured conversationalist.
- To avoid basing action on external validation, you need to find your "authentic voice" and use it.
- Finding your voice requires asking the right questions of yourself.
- There are 3-5 questions that you would generally want to ask people you are talking to.
Swiss researchers identify new dangers of modern cocaine.
- Cocaine cut with anti-worming adulterant levamisole may cause brain damage.
- Levamisole can thin out the prefrontal cortex and affect cognitive skills.
- Government health programs should encourage testing of cocaine for purity.
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