The biggest risk comes from doing nothing at all.
A new MIT report proposes how humans should prepare for the age of automation and artificial intelligence.
- A new report by MIT experts proposes what humans should do to prepare for the age of automation.
- The rise of intelligent machines is coming but it's important to resolve human issues first.
- Improving economic inequality, skills training, and investment in innovation are necessary steps.
1. Increase private sector investment in skills and training<p>The group pinpoints the importance of private sector investment in training employees, especially with the purpose of increasing the upward mobility for lower-wage and less-educated workers. This will particularly affect minority workers, who are overrepresented in this group. The report estimates only about half of employees get training from their employers in any given year. </p>
2. Significantly increase federal funding for training programs<p>The report advocates getting the government to fund training programs that can help lead to middle-class jobs for workers who don't have a four-year college degree. </p>
3. Support community colleges<p>The research team thinks community colleges should be supported by the federal government's money and policies to advance programs that connect employers to the education being received by students. The policies should be aimed at raising degree completion rates at community colleges. </p>
4. Invest in innovative training methods<p>Demonstration and field testing programs that work out new retraining and reemployment ideas should be given particular focus, according to the MIT scientists. </p><p style="margin-left: 20px;">"Innovation improves the quantity, quality, and variety of work that a worker can accomplish in a given time," <a href="https://workofthefuture.mit.edu/research-post/the-work-of-the-future-building-better-jobs-in-an-age-of-intelligent-machines/" target="_blank">wrote</a> the report's authors. "This rising productivity, in turn, enables improving living standards and the flourishing of human endeavors. Indeed, in what should be a virtuous cycle, rising productivity provides society with the resources to invest in those whose livelihoods are disrupted by the changing structure of work.</p>
5. Restore the real value of the federal minimum wage<p>The report spotlights the growing economic disparity between low-paid workers and the rest of society. Compared to Canadians, for example, low-paid Americans earn 26 percent less. Government policy should make sure people in traditionally low-paid service jobs like cleaning, groundskeeping, food service, entertainment, recreation, and health assistance get adequate pay and some economic security. To that end, the researchers propose that the minimum wage should be raised to at least 40 percent of the national median wage. This value should also be indexed to inflation. </p>
6. Modernize and extend unemployment insurance (UI) benefits<p>Several measures are recommended to improve unemployment insurance and extend it to workers that aren't usually covered. The report suggests allowing workers to count their most recent earnings to determine eligibility, determining eligibility based on hours rather than earnings, dropping the requirement that unemployed seek full-time work (because many hold part-time jobs), and reforming partial UI benefits from the states. </p>
7. Strengthen and adapt labor laws<p>Labor laws need to be both improved and better enforced, states the report. Contraction of private sector labor unions makes it harder for rank-and-file workers to bargain for wage growth that matches the growth of productivity growth. How workers are represented needs to be innovated as much as the technologies. Current U.S. laws "retard the development of alternative approaches," write the researchers. For example, due to racial politics during the New Deal, sectors of the American workforce like domestic workers and agricultural workers are unable to participate in collective bargaining.</p>
8. Increase federal research spending<p>In a proposal aimed at fostering innovation and making sure its benefits are experienced by workers, the MIT group thinks it's key to increase government spending on research, especially in areas not addressed by the private sector. These tend to involve longer-term research that addresses the social impacts of new technologies, zeroing in on major national problems, climate change, human health and similar larger research topics. Investing into research on human-centered AI, collaborative robotics and the science of education should be a part of this approach.</p><p>Small and medium-sized businesses should receive targeted government assistance to allow them to increase productivity via the new tech, advises the MIT team. </p>
9. Expand the geography of innovation in the United States<p>Innovation is increasingly "concentrated geographically," think the researchers. For a country that has so many universities, entrepreneurs, and workers that are spread throughout, the benefits of innovation should be made available not only to more workers, but also to more of the country's regions. Each state can have its own Silicon Valley.</p>
10. Rebalance taxes on capital and labor<p>Innovation is necessary in the tax law as well, according to the report. It's important to change the manner in which the current tax code "unduly favors investments in capital" by eliminating accelerated depreciation allowances, applying corporate income tax equally to all corporations, and instituting an employer training tax credit.</p><p><a href="https://workofthefuture.mit.edu/research-post/the-work-of-the-future-building-better-jobs-in-an-age-of-intelligent-machines/" target="_blank">Read the full report here.</a></p>
The "lone genius" often gets the credit for big ideas, but real-world innovation is a team sport.
- Individuals like Elon Musk and Steve Jobs are often idolized as masters of ideas, but according to Whole Foods CEO John Mackey, it usually takes many people iterating and taking chances for a company to be truly innovative.
- Using Whole Foods as a case study, Mackey shares a story of how a bar experiment at one of his California markets evolved into a successful feature and spread to other locations.
- By giving teams the freedom to try (and fail) without being micro-managed, organizations can create a culture that allows innovation to happen, not one that tries to force it to happen.
XSplit VCam lets you use DSLR quality picture even when video chatting on your laptop.
- Working from home often requires professional-looking backdrops for Zoom meetings.
- Zoom backgrounds are glitchy and DIY green screens aren't very reliable.
- The XSplit VCam replaces your background with an image, video, webpage or YouTube video.
Edraw Infographic Software empowers you to create your own aesthetic for graphic design projects of all kinds.
- Professional logo designs can run between $1,000 all the way to $10,000.
- Free stock photography sites are limited in selection and creativity.
- Edraw Infographic Software is perfect for graphic design projects of all shapes and sizes—and is on sale for a limited time.