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Two hands, one human and one robotic, touching each other in front of a pink background.
Automation is coming. Are you ready?
In the next five years, 170 million new jobs will be created by macro trends including the rise of AI, but another 92 million will be displaced.
The report indicates that AI will fuel demand for a new cadre of workers, such as “big data specialists, fintech engineers and AI and machine learning specialists,” and demand for software developers will continue to rise. Cashiers, administrative assistants, and bank tellers will be among the displaced jobs.
Thankfully, newsletter writers and editors aren’t listed as easily replaceable — at least not yet.
A drone view shows the Canada-U.S. border between the U.S. state of New York and the Canadian province of Quebec, near Champlain, New York, U.S., December 6, 2024.
Hard Numbers: Canada’s immigration crackdown shows results, BC free contraception measure boosts birth control, Pentagon flags China’s growing nuclear arsenal, Americans aren’t thrilled with their jobs, US government tells top pols to “get off the phone”
0.4: In the third quarter of this year, Canada’s population grew just 0.4%, the lowest quarterly growth rate in two years. Given that immigrants account for almost all of Canada’s population growth, the data suggest that new government measures to slow immigration – including capping foreign student slots and slashing temporary work visas – are having an effect. Immigration skyrocketed during the pandemic, straining housing supply and services, provoking a political backlash.
10: The decision by the BC government last year to make birth control products free has caused a 10% jump in women’s use of contraceptives. Use of pricier options such as IUDs and implants, the cost of which is now fully covered by the state, jumped 14%.
20: China’s arsenal of operational nuclear warheadsgrew by 20% over the last year, reaching 600, according to the Pentagon. At his clip, Beijing will have 1,000 warheads deployed by 2030. That would still trail the roughly 1,600 nuclear warheads deployed by Russia and the 1,800 deployed by the US, but it only takes a handful to inflict unspeakable destruction. So far, China is not party to any agreements with the US and Russia on limiting nuclear arsenals.
50: How do Americans feel about their jobs? So-so. Only 50% say they are extremely or very satisfied with the daily grind, according to a new Pew study. But the generational divide is stark: 67% of workers aged 65 or older viewed their jobs in the best light, a whopping 24 points higher than people aged 18-29.
8: The US government is telling senior officials and politicians to GET OFF THE PHONE. Literally. Authorities want top pols to ditch phone calls and text messages, after at least eight US telecoms companies were hacked by the “Salt Typhoon” group of China-linked cybercriminals. Authorities say it’s safer to use end-to-end encrypted text apps like Signal, WhatsApp, iMessage, Teams, or Zoom.
FILE PHOTO: Vasiliki Kostoula, a Greek breast cancer patient, listens to her doctor after a radiological medical examination in an Athens hospital October 29, 2008.
Hard Numbers: Tax hacks, Breast cancer, Google dinged, AI job risk
294,138: The Internal Revenue Service received 294,138 complaints of identity theft in 2023 and flagged more than 1 million tax returns as potentially fraudulent. AI is set to supercharge tax fraud this season, letting malicious actors more easily impersonate people and obtain sensitive information needed to file fake tax returns in their name.
250 million: The French competition authority fined Google €250 million ($270 million) for failing to notify news publishers in the country that it was training its large language models on their articles. Google has already been forced to pay publishers in Australia and Canada to license their content, and the thorny question of AI training ushers in a whole new squabble for the internet giant.
10: According to a new US government estimate, 10 percent of workers are at high risk of being displaced by artificial intelligence. The findings, from the White House’s Council of Economic Advisers, show that the highest-risk individuals also are the ones with lowest levels of education and income—a reality that could further disadvantage many struggling Americans.Graphic Truth: Apprenticeships are on the rise
Whether it’s the price of college, the promise of the gig economy, or simply the desire to get paid while training, apprenticeships are having a moment. In the US, this surge has coincided with an 8% drop in undergraduate college enrollment; in Canada, it comes amid high youth unemployment.
In short, young people want options for brighter futures. As a result, apprenticeships are increasingly becoming an alternative to expensive four-year college degrees, or as a way to forge new careers mid-life. Apprentices get all the benefits of other employees, including wages, while getting valuable on-the-job training.
After dipping during the pandemic, the number of apprenticeship registrations jumped 12% in 2022 to an all-time high in Canada. In the US, they rose 22% between 2020 and 2021 and saw an 82.1% jump between 2008 and 2021.
But this isn’t just a COVID-fueled trend. SAIT, one of Canada's largest post-secondary institutions for apprenticeships, has seen a 20% increase in enrollment over the last two years. So apprenticeships are likely to increase even more in the coming years.
A "Help Wanted" sign hangs in a restaurant window.
Jobs are up, but Biden and Trudeau still risk losing theirs
January was an encouraging month for job growth in the US and Canada. The Bureau of Labor Statistics reported 353,000 new jobs stateside with unemployment holding steady at 3.7%. Meanwhile, Statistics Canada says jobs were up by 37,000 during the same period and unemployment was down to 5.7% – a modest drop of 0.1%. Both countries exceeded expectations.
You might think better-than-expected economic news would herald brighter fortunes for President Joe Biden and Prime Minister Justin Trudeau, but you would almost certainly be wrong. Both men’s polling numbers are nowhere near where they’d like them to be.
Biden’s favorables are flat with roughly 40% of Americans approving of his job performance compared to 55% who disapprove. Meanwhile, 86% of the country thinks he’s too old to run again. North of the border, Trudeau continues to trail Conservative leader Pierre Poilievre by double digits, and his party is stuck in the mud.
There’s a chance numbers will improve for the incumbents, but the December jobs report in the US also exceeded expectations and didn’t boost Biden’s ratings. The Canadian numbers were softer in December, so Liberals have some hope the latest good news will give Trudeau a boost this time.
But so far, and perhaps counterintuitively, their political fortunes do not seem directly tied to economic performance.
Are leaders asking the right questions about AI?
The official theme of the 2024 World Economic Forum held recently in Davos, Switzerland, was “Rebuilding Trust” in an increasingly fragmented world. But unofficially, the hottest topic on the icy slopes was artificial intelligence.
Hundreds of private sector companies convened to pitch new products and business solutions powered by AI, and nearly two dozen panel discussions featured “AI” in their titles. There was even an “AI House” on the main promenade, just blocks from the Congress Center, where world leaders and CEOs gathered.
So, there were many conversations about the rapidly evolving technology. But were they the right ones?
GZERO’s Tony Maciulis spoke to Marietje Schaake, a former member of the EU parliament who now leads an AI policy program at Stanford. Their conversation focused on the human side of AI and what it could mean for jobs and the workforce.
A recent study from the International Monetary Fund (IMF) revealed that as many as 40% of jobs worldwide could be adversely impacted by AI. Schaake said that kind of upheaval could lead to political unrest and a further rise in populism and encouraged corporations and public sector leaders alike to find solutions now before the equality gap further widens.
Watch the full GZERO World episode: Al Gore on US elections & climate change
Catch GZERO World with Ian Bremmer every week at http://gzeromedia.com/gzeroworld or on US public television. Check local listings.
AI's impact on jobs could lead to global unrest, warns AI expert Marietje Schaake
The 2024 World Economic Forum in Davos was dominated by conversations about AI and its potential as well as possible pitfalls for society. GZERO’s Tony Maciulis spoke to former European Union parliamentarian Marietje Schaake about the current regulatory landscape, a recent report from the International Monetary Fund (IMF) saying as many as 40% of jobs globally could be lost or impacted by AI, and how that might give rise to unrest as we head into a critical year of elections.
Marietje Schaake, International Policy Fellow, Stanford Human-Centered Artificial Intelligence, and former European Parliamentarian, co-hosts GZERO AI, our new weekly video series intended to help you keep up and make sense of the latest news on the AI revolution. Sign up for the GZERO AI weekly newsletter to keep up with all things AI and find out when new episodes are published.
For more about AI at this year's World Economic Forum, watch our Global Stage discussion, Making AI Work for the World.
- This year's Davos is different because of the AI agenda, says Charter's Kevin Delaney ›
- How is the world tackling AI, Davos' hottest topic? ›
- Is the EU's landmark AI bill doomed? ›
- Rishi Sunak's first-ever UK AI Safety Summit: What to expect ›
- UK AI Safety Summit brings government leaders and AI experts together ›
- Singapore sets an example on AI governance ›
- ChatGPT on campus: How are universities handling generative AI? - GZERO Media ›
- AI regulation means adapting old laws for new tech: Marietje Schaake - GZERO Media ›
- Ian Explains: How will AI impact the workplace? - GZERO Media ›
- How AI is changing the world of work - GZERO Media ›
- Microsoft's Teresa Hutson on rebuilding trust in the Age of AI - GZERO Media ›
- How does Europe balance AI and energy transition? - GZERO Media ›
Sep 21, 2023; Washington, DC, USA; Ukrainian President Volodymyr Zelenskyy visits President Joe Biden at the White House. Zelenskyy is slated to pitch to lawmakers and President Biden on continuing aid to Ukraine as it battles in an ongoing war from the invasion by Russia.
Ukraine’s about the economy, stupid
Over the past 20 months, Joe Biden has framed US backing for Ukraine as, variously, a struggle for the future of freedom, as a deterrent against Chinese designs on Taiwan, and even as part of a fight to tame inflation.
But as polls show waning interest among US voters for sending weapons to Ukraine, the White House is taking a different tack: job creation?
The US has sent more than $40 billion in weapons to Kyiv, and last week the White House asked Congress for $60 billion more in Ukraine aid, about half of which would be for arms.
The Biden administration is now pushing lawmakers to make the case that this money boosts employment: After all, when Washington sends weapons to Ukraine, they’re made in US factories. Senate Minority Leader Mitch McConnell told Fox News that Ukraine aid had created jobs in 38 states.
Earlier this year, reports suggested that the US arms industry, which accounts for 10% of all US factory output, was having trouble finding enough labor to meet the surge in demand.