You’ve seen it in the restaurant industry, car industry, and in the app market. With innovation being the driving force behind company operations, human operated job are on the line due to rise of computer based protocol.
We’ve discussed this before in a past Technology Tuesday post called Technology Getting the Job. But why is this important to discuss, again? The reason is simple. The rate of technological advancements is astonishing, and daily, it is happening right before our eyes. Did you know that UBER- an automated taxi app- will worth between $60 and $70 billion dollars, since its launch in 2009? Because of its monstrous growth, it’s going head to head with taxi and limo services. This stat is significant because it represents the trend of dependency in computer based solutions- due to their reliability, speed, and innovate presentation.
Real-estate billionaire, Jeff Greene, expressed to reporters that the greatest threat in our country, today, is globalization, artificial intelligence, and technological advancements because it widens the gap between the rich and poor. Greene, also, went on to say: “What globalization did to blue collar jobs and the working class economy over the past 30 or 40 years, big data, artificial intelligence and robotics will do to the white collar economy — and at a much, much faster pace.”
To advance the public’s dialog and develop strategies in tackling economic inequity and technology’s contribution, Greene is hosting a two-day conference on December 7th and 8th, in Palm Beach, Fl. The conference is called “Closing the Gap: Solutions for An Inclusive Economy”. The two-day gathering includes some of the biggest and most recognized names in the economy, such as British Prime Minister, Tony Blair, Apple and Pepsi CEO John Sculley, and boxing legend Mike Tyson.
One of the specific problems that Greene hopes to address is the lack of good-paying jobs- even for the college educated candidates. He also credits an inclusive economy as being the solution to this problem and other related issues- that way businesses will reconsider the way they develop, compensate, and attract employees. Greene hopes conference event can help get the economy back on track.