{"id":12979,"date":"2023-05-19T18:48:08","date_gmt":"2023-05-19T18:48:08","guid":{"rendered":"http:\/\/TheNextWeb=1396607"},"modified":"2023-05-19T18:48:08","modified_gmt":"2023-05-19T18:48:08","slug":"5-ways-europe-can-reduce-the-risks-of-ai-replacing-jobs","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=12979","title":{"rendered":"5 ways Europe can reduce the risks of AI replacing jobs"},"content":{"rendered":"\n
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It seems barely a day goes by without a new report of artificial intelligence replacing jobs. On Thursday, BT added the latest bad news, when the UK telecoms giant announced plans to replace 10,000<\/a> staff with AI<\/a>.<\/span><\/p>\n

Across Europe, predictions on automation\u2019s effect on jobs vary<\/a> wildly<\/a>,  but all agree that major changes are inevitable. With the impact already being felt, the need for government action is becoming urgent.<\/p>\n

Here are five interventions they can take.<\/p>\n

1. Retraining the workforce<\/h2>\n

The concept of a \u201cjob for life,\u201d was disappearing even before<\/a> AI\u2019s relentless march into the workplace. Increasingly, we\u2019re becoming accustomed to refreshing our skillsets.<\/p>\n

Italy this week launched a new fund to support this trend. The country has allocated \u20ac10 million to boost the skills of people whose jobs are at risk of automation.<\/p>\n

It\u2019s not the biggest funding pot, but it\u2019s a start.<\/p>\n

2. Adapting education systems<\/h2>\n

As well as upskilling the current workforce, governments need to prepare students for the future<\/a> of work<\/span>.<\/p>\n

To support them, analysts have recommended a variety of education priorities. They range from STEM skills for jobs in tech<\/a> to soft skills that will make people adaptable throughout their working lives.<\/p>\n

One popular approach is prioritising \u201c21st-century skills,\u201d such as creativity, critical thinking, and communication skills. Another is creating highly specialised training. Finland<\/a>, for instance, has launched a free online course on AI, because if you can\u2019t beat the robots, you might as well work with them \u2014 or for them, perhaps.<\/p>\n

3. Wage supplements<\/h2>\n

Technology doesn\u2019t always replace jobs; it can also cut a sector\u2019s salaries. The rise of Uber, for instance, didn\u2019t reduce the number of taxis on our streets, but it did push down the wages of salaried drivers<\/a>.<\/p>\n

One way to mitigate a loss of earnings is by improving wage supplements. The idea is to \u201cmake work pay\u201d for people on low-paid jobs, which can offer little more<\/a> than subsistence-level welfare benefits. Providing supplements \u2014 such as better<\/span> child care, higher income tax credits, or wage insurance for earnings lost to automation \u2014 can make their wages go much further.<\/p>\n

It won\u2019t come cheap, but it could still be cheaper than financially supporting unemployed people. It could also provide more fulfilment and societal benefit.<\/p>\n

4. \u201cGood job\u201d creation<\/h2>\n

If workers are displaced by AI, governments could help them get \u201cgood jobs\u201d to replace the ones they lost. <\/span><\/p>\n

Harry Holzer, a former chief economist for the US Department of Labor, argues that \u201cgood jobs\u201d should pay well, offer advancement possibilities, and provide some security. <\/span><\/p>\n

\u201cTax and subsidy policies for \u201cgood job\u201d creation can encourage employers to improve job quality,\u201d Holzer said in a blogpost<\/a> for the Brookings Institution. \u201cMandates on employers can be effective as well, though such mandates must not be so severe and costly that they speed up employer incentives to automate (like a $15 minimum wage might do in low-wage regions of the US).\u201d<\/span><\/p>\n

5. Universal basic income<\/h2>\n

No list of responses to automation would be complete without a mention of Universal Basic Income (UBI). <\/span><\/p>\n

At heart, UBI is a simple concept: <\/span>every citizen gets a fixed payment, paid equally by the government, that\u2019s enough to support their basic names. Proponents argue that it could end poverty, improve well-being, and redistribute wealth, while critics warn that\u2019s too expensive, heightens inequalities, and removes incentives to work.<\/p>\n

Love it or hate, the concept is gaining traction across Europe. A recent poll by YouGov<\/a> found strong support in all seven European countries surveyed. Respondents in Germany, Spain, Italy, and Great Britain were all more in favour of UBI than against it. Sweden was split, while France and Denmark expressed more opposition.<\/span><\/p>\n

It\u2019s far from the only<\/a> social welfare option, but it merits a spot on this list. If you have a better idea \u2014 or just want to slate ours \u2014 let us know via the usual channels.<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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