A Quote by Tae Yoo
Solving the unemployment challenge means developing competitive skills so there are more qualified people eligible for the jobs today and the ones that will be created in the future.
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We are a small country. That means there will be lots of similarities in policies. The priorities are about the same issues - you have to create more jobs; you have to invest in people so they are qualified for the jobs the new economy will bring.
We must prepare people to be nimble enough to adapt to an ever-evolving marketplace. And we must help them develop skills that will be valued no matter what tomorrow's jobs are - skills like creativity, critical thinking, problem solving, and collaboration.
I'm not yet convinced that we will face an unemployment problem created by AI. There will certainly be some occupations eliminated - drivers of vehicles, many production jobs, etc. Whether this creates mass unemployment depends on how quickly this happens. If it happens overnight, it will be a huge disruption.
There is a clear connection between developing the skills and talents of young people, and our economic success as a province. Initiatives like the Make Your Pitch competition and the Ontario Social Impact Voucher help us nurture the next generation of business leaders. We will continue creating an inviting environment for our next generation of entrepreneurs, ensuring they develop the right skills needed to succeed in a globally competitive economy and build the future of Ontario.
In 1970 the top three skills required by the Fortune 500 were the three Rs: reading, writing, and arithmetic. In 1999 the top three skills in demand were teamwork, problem-solving, and interpersonal skills. We need schools that are developing these skills.
In addition to building the skills needed for the jobs of today and connecting individuals to these jobs, it is imperative to foster entirely new ideas and industries that will create the jobs of tomorrow.
The White House says that the unemployment rate is good news because it means more people are looking for jobs. More good news like that, and everyone at the White House will be looking for jobs.
Prioritizing infrastructure will not only improve the quality of life of every Kentuckian, it will also make Kentucky more competitive for the jobs of the future in key growth industries like agritech and advanced manufacturing, while creating good-paying construction jobs along the way.
What is qualified? What have I been qualified for in my life? I haven't been qualified to be a mayor. I'm not qualified to be a songwriter. I'm not qualified to be a TV producer. I'm not qualified to be a successful businessman. And so, I don't know what qualified means.
As technology increasingly takes over knowledge-based work, the cognitive skills that are central to today's education systems will remain important; but behavioral and non-cognitive skills necessary for collaboration, innovation, and problem solving will become essential as well.
All those predictions about how much economic growth will be created by this, all of those new jobs, would be created by the things we wanted - the extension of unemployment insurance and middle class tax cuts. An estate tax for millionaires adds exactly zero jobs. A tax cut for billionaires - virtually none.
Despite our high rate of unemployment, 300,000 jobs go unfilled largely because many of the unemployed lack the skills needed today as a result of technological progress.
I know things like a 20% corporate tax rate will allow us to be more competitive in the global marketplace. That's what our competitors enjoy today around the world. And when we're more competitive, we win in the marketplace, and that allows us to invest and grow for the future.
I think that solving the job impact of AI will require significant private and public efforts. And I think that many people actually underestimate the impact of AI on jobs. Having said that, I think that if we work on it and provide the skill training needed, then there will be many new jobs created.
While most of today's jobs do not require great intelligence, they do require greater frustration tolerance, personal discipline,organization, management, and interpersonal skills than were required two decades and more ago. These are precisely the skills that many of the young people who are staying in school today, as opposed to two decades ago, lack.
In the name of compassion, Obama advocates seemingly endless extensions of unemployment benefits because his economic theology holds that by paying people not to work, you will create jobs. It not only fails to factor in the obvious deterrent that extended benefits have on their recipients but also falsely assumes that transferring money from one pocket to the next generates more spending - by some mythical multiple factor, no less. Back on planet Earth, studies reveal that extending unemployment benefits results in more unemployment.
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