COVID-19 is accelerating the pace of automation and the need for UBI

The pandemic has given us an early glimpse at how truly disruptive the fourth industrial revolution may be, and the measures we'll need to support human dignity.

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  • The coronavirus crisis has acted as a catalyst for two powerful transformative forces: automation and universal basic income.
  • These two intertwined forces will undoubtedly gain steam, writes Frederick Kuo, and the pandemic will hasten the acceptance of them from a scale of decades to years or mere months.
  • This crisis has ushered in a glimpse of what a dystopian future could look like as a rapidly advancing fourth industrial revolution inevitably causes severe disruption in our economy and labor structure.
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The coronavirus playbook for leaders and job seekers

How will leadership and hiring practices be changed by the COVID-19 crisis?

In this live session with James Citrin, one of the world's foremost executive recruiters and leadership experts, you'll explore skills for success in a virtual world—whether you're at the helm of your organization or are considering a career move.

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A.I. reveals which workers are most likely to quit their jobs

A.I. hasn't come for our jobs just yet, but it can figure out who is looking for a new one.

  • A new study analyzes mountains of data to see which industries have the highest level of employee volatility.
  • Volatility isn't always a bad thing, but it is always good to know about.
  • Moving to new jobs within the same industry is often a route to higher wages.
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What skills will set you apart in the age of automation?

Robots may be able to beat us at chess, but they still have trouble when it comes to soft skills — making sense of human behavior.

  • In a rapidly changing work world it's critical to continue evolving your skills — this is especially true as automation's presence in the workforce increases.
  • Robots are good at working off of knowledge that we already know, however, they aren't that great when it comes to developing original ideas.
  • Though robots are good at jobs founded on patterns and data points, they currently don't excel when it comes to soft skills — that is, they have difficulty dealing with human behavior. On our end, soft skills help us make sense of chaotic environments where the dynamic human element is constantly in play.
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BMO invests $78 million annually in employee learning—that’s $1,726 per employee

Future-minded companies are investing in soft skills and digital learning to empower their talent.

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  • BMO Financial Group just won a 2019 ATD BEST Award for Leadership in Corporate Learning.
  • BMO invests $78 million annually in employee learning, which in 2018 averaged out to $1,726 and 23.7 hours per employee.
  • The Fourth Industrial Revolution has begun. Future-minded companies are investing in soft skills or 'human skills' learning solutions for their talent.
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