IWB Blog
A collection of observations, news and resources on the changing nature of innovation, technology, leadership, and other subjects.
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Category: Education and Talent
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“A recent Gallup poll found that 75% of U.S. adults believe AI will lead to fewer jobs,” wrote MIT economist David Autor in a recent article, “AI Could Actually Help Rebuild The Middle Class.” “But this fear is misplaced. The industrialized world is awash in jobs, and it’s going to stay that way. Four years…
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“After the Covid pandemic made it difficult for high school students to take the SAT and ACT, dozens of selective colleges dropped their requirement that applicants do so,” wrote David Leonhardt in “The Misguided War on the SAT,” a recent NY Times article. “Colleges described the move as temporary, but nearly all have since stuck…
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“Digital trust is a necessity in a world where digital technologies support and mediate virtually all economic transactions, social connections and institutions,” said Earning Digital Trust: Decision-Making for Trustworthy Technologies, a report published by the World Economic Forum (WEF) in November of 2022. The report defined digital trust as “the expectation by individuals that digital…
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“Business leaders are struggling to understand how seriously they should take the latest phenomenon in the world of artificial intelligence: generative AI,” wrote Andrew McAfee, Daniel Rock, and Erik Brynjolfsson in their recent Harvard Business Review (HBR) article “How to Capitalize on Generative AI.” “On one hand, it has already displayed a breathtaking ability…
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In 2014, NY Times journalist David Leonhardt published a column with the provocative title: “Is College Worth It?” Despite the mounting debts incurred by many students to obtain a post-secondary education, “The decision not to attend college for fear that it’s a bad deal is among the most economically irrational decisions anybody could make in 2014. The…
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A recent issue of The Economist included a special focus on “How AI Can Revolutionize Science,” with three articles on the topic. “Debate about artificial intelligence (AI) tends to focus on its potential dangers: algorithmic bias and discrimination, the mass destruction of jobs and even, some say, the extinction of humanity,” noted the issue’s lead…
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Over the past three decades, high skill jobs requiring expert problem solving and complex communication skills significantly expanded, with the earnings of the college educated workers needed to fill such jobs rising steadily. Conversely, opportunities and wages declined for less educated middle skill blue-collar manufacturing jobs and white-collar administrative jobs whose careers have been upended…
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In 2009 I participated in a panel at an MIT Symposium on complex systems where I gave a talk on complex social organizations. The panel included talks on financial, energy, and healthcare systems by three eminent leaders in their fields. I was particularly impressed by the talk given by Denis Cortese, who at the time…
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“The COVID-19 pandemic disrupted labor markets globally during 2020,” said a February 2021 McKinsey report on “The future of work after COVID-19.” “The short-term consequences were sudden and often severe: Millions of people were furloughed or lost jobs, and others rapidly adjusted to working from home as offices closed. Many other workers were deemed essential…
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Earlier this year, the World Economic Forum (WEF) published “The Future of Jobs Report 2023.” The WEF has been publishing Future of Jobs Reports since 2016 to explore how socio-economic and technology trends are likely to shape the evolution of jobs and skills over the following 5 years. “In 2023, labour-market transformations driven by technological…