The Expanding Divide Despite massive private investment, the world has not been turned on its head by automation, at least not yet.
But researchers at MIT’s Task Force on the Work of the Future finds a labor market in which the fruits are so unequally distributed, so skewed towards the top, that most workers have tasted only a tiny morsel of a vast harvest. "If we deploy automation in the same labor market system we have now, we're going to end up with the same results — an ever-expanding divide between the haves and the have-nots, " David Mindell, an engineer at MIT and one of the report's main authors told Axios.
The ramifications for economic development are huge, and yet I wonder if th
Capturing Attention Back in the pre-COVID days, when I gave in-person talks to economic development groups (seem like ages ago), I was mindful of something the late Steve Jobs said: "People who know what they’re talking about don’t need PowerPoint." These days when I talk to groups, I do so virtually, usually via Zoom. But I still that take J0b's observation to heart. Either I offer no slides or limit them to a few. Jobs thought meetings should be interactive, and that audience members should be actively involved. A slide deck puts an audience into a passive state.
This is especially true when a presenter puts a lot of text on PowerPoint slides and then reads the slides back to an audience.
Where Are the Oldsters?
I recently looked at an economic development website for a major city, and it was immediately apparent to me that while the staff was diverse in terms of ethnicity and gender, which is a good thing, it lacked -- how should I say this -- well, oldsters like me.
Everyone on this sizeable staff from my perspective appeared to be young -- in their 20s and 30s. Maybe a few in their 40s.
As someone who is in their 60s, I can personally tell you that we're not dead yet -- that we oldsters still have a lot to offer. (And want to.)
If I were an older corporate CEO, I just might be more comfortable talking to a more experienced hand, someone with miles on the odometer. We
The Simple Reality Job skills were changing even before the pandemic, but will be accelerated because of it. By now I must truly sound like a broken record to my economic development friends, but I cannot emphasize enough that digtal skills really matter. Communities that adapt to the new reality will win. Those that do not will not. It's that simple. This is capacity building in its purest form.
Here's the deal: Eighty-five percent of companies recently surveyed by McKinsey said they had accelerated digitization.
Employees are not only going to need to be comfortable using digital technologies, ranging from collaboration software to videoconferencing, but they’re also going to need to ac