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WHAT'S NEXT?: AI will replace 16% of jobs over the next decade. A billion people will enter the job market over the next ten years.

  • [New] While on the export side, trade barriers reduce opportunities for UK firms, leading to fewer good jobs and lower wages. MIDLYFE Project
  • [New] Climate change disrupts the global economy primarily by health costs from people suffering from heat exposure, work stoppages when it's too hot to work, and economic disruptions cascading through supply chains. ScienceDaily
  • [New] Crop failures, labour slowdowns and other economic disruptions in one region can affect the supplies of raw materials flowing to other parts of the world that depend on them, disrupting manufacturing and trade in faraway regions. ScienceDaily
  • [New] MINNEAPOLIS (AP) - Lyft and Uber have said they will halt operations in Minneapolis because of a new city ordinance that increase wages for app-based drivers, the latest salvo in a longtime fight between gig economy workers and the tech giants. FOX 2
  • [New] RESILIENCE will work with industry collaborators and government to build training and outreach programmes that enable workforce growth to boost the UK's medicines manufacturing capability. European Pharmaceutical Manufacturer
  • [New] Micro, small, and medium-sized enterprises play an important role in economic and social development by fostering value-adding activities, taking part in global supply chains, driving innovation, and promoting inclusive growth through the creation of job opportunities. UNDP
  • [New] To shift away from fossil fuels, promote resource efficiency and move towards a greener economy, the UK government introduced a target to create two million green jobs by 2030 within new and emerging sectors. GOV.UK
  • [New] In Sweden, local protein feed production will present an opportunity to reduce greenhouse gas emissions but at a cost of increasing land occupation for feed production. PubMed Central (PMC)
  • [New] Because women are over-represented in lower-wage jobs such as office support and customer service, which lend them themselves to automation through AI, digital transformation could see American women struggling to find new employment if workforce development is not handled well. Media Torque and Events
  • [New] The rise of generative AI, such as OpenAI's ChatGPT, could lead to as many as 3.5 million jobs becoming obsolete in the US and that women are 1.5 times more likely than men to be affected. Media Torque and Events
  • [New] Other pain points faced by Singapore CIOs are a tech workforce that do not have the necessary training in AI automation tools and job security where workers feel threatened by AI taking over their roles. Techgoondu
  • [New] Direct farmer buying has been steadily increasing over the past several years and provides ADM an opportunity to maximize value for both sides by creating efficiencies through working directly together. Baking Business
  • [New] Experts expect the use of Generative AI for personalized career advice and skill-building in EdTech to grow by 28% by the end of 2024. Market.us
  • [New] North Korea will continue its ongoing cyber campaign, particularly cryptocurrency heists; seek a broad variety of approaches to launder and cash out stolen cryptocurrency; and maintain a program of IT workers serving abroad to earn additional funds. Industrial Cyber
  • [New] Several East African countries such as Malawi, Madagascar and Tanzania are highly expected to suffer labour productivity losses of approximately 2.5-4.0% of GDP. Nature
  • [New] By 2060, the expected global economic losses reach a total of 0.6-4.6% with losses attributed to health loss, labour productivity loss and indirect loss under different shared socioeconomic pathways. Nature
  • [New] OCHA, at least 611,000 women need assistance due to the combined effects of food insecurity, the lack of job opportunities, low purchasing power, and gender-based violence. The New Humanitarian
  • [New] Tanzania's long-term economic prospects will be enhanced by changes in the age structure resulting in lower dependency ratios, an expanded labour force, and a boost in savings. World Bank
  • [New] ChatGPT - a tool developed by OpenAI that runs on large language models and generates conversational responses based on people's prompts - could lead to students taking shortcuts in their work but might also offer educational benefits, they reasoned. SOURCE

Last updated: 18 March 2024



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