πŸ”΄An Unemployment Crisis: How We've Been Misled (w/ Art Bilger) | Summary and Q&A

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July 24, 2019
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πŸ”΄An Unemployment Crisis: How We've Been Misled (w/ Art Bilger)

TL;DR

Working Nation aims to educate people about the potential massive structural unemployment and provides solutions and storytelling to guide individuals towards future job opportunities.

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Key Insights

  • πŸŽ“ Working Nation aims to address the issue of potential massive structural unemployment and provide education on future job opportunities.
  • ☠️ Unemployment rates are misleading and fail to account for individuals who are not actively job searching or are partially employed.
  • πŸ’” The convergence of globalization, technology advancements, increased longevity, and a broken education system contributes to the steep slope of job and skill changes over time.
  • πŸ₯Ί Automation and emerging technologies will lead to the disappearance of jobs in various industries, such as transportation and marketing.

Transcript

We're sitting with millions of people who are either not counted or are Considered to be employed, but they're not fully employed Working nation is a not-for-profit media enterprise to educate the people of our nation With as to what I believe is the most significant issue we face and that is a potential massive structural unemployment But then the... Read More

Questions & Answers

Q: When did the speaker become aware of the potential massive unemployment caused by technology, and why is it a concern?

The speaker became aware of the issue while observing the rapidly changing technology and its impact on jobs during his involvement in Akamai and venture capital. It is a concern because technology is disrupting industries and rendering certain jobs obsolete.

Q: How do current unemployment rates fail to represent the true state of employment?

The unemployment rates only consider individuals actively looking for jobs within a specific period. Many individuals who are not actively job searching or are partially employed are not counted, resulting in misleading low unemployment rates.

Q: What are the factors contributing to the steep slope of job and skill changes over time?

Four variables are converging simultaneously to shape this unprecedented change: globalization, technology advancements, increased longevity, and a broken education system. These factors create a volatile environment with a high rate of job displacement.

Q: How will automation and emerging technologies impact specific industries and job sectors?

The automation and emergence of technologies like driverless cars and data analytics will eliminate jobs heavily reliant on human labor, such as assembly line workers and marketing departments. This will affect middle-class job opportunities and the overall employment landscape.

Summary & Key Takeaways

  • Working Nation is a not-for-profit media enterprise focused on educating individuals about the alarming issue of potential massive structural unemployment.

  • The organization aims to inform people about where future jobs will be and provide strategies and solutions to mitigate the effects of unemployment.

  • Despite an increase in understanding about the issue, there is still a lack of discussion and awareness about potential solutions.

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