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Davos: Technology poses new risks to jobs, economies and society
This article is part of the CW Europe issue of March-May 2017
Rapid advances in technology could have destabilising effects on employment and economic growth, and could exacerbate social unrest, the World Economic Forum (WEF) warned this week. Society’s failure to keep pace with technology change will be one of the key risks under discussion as business leaders, politicians, academics and non-government organisations assemble in Davos, Switzerland, from 17 to 20 January. The expansion of artificial intelligence (AI) is likely to destroy traditional white-collar jobs at a faster rate than new jobs are created, unless governments and the private sector collaborate to manage the problem, a report published in advance of the summit reveals. The WEF’s Global Risks 2017 report warns that, as a result of AI and other disruptive technologies, long-term jobs are giving way to self-employment in the “gig” economy, leaving individuals to shoulder more responsibility for the costs of unemployment, sickness and old age. Technology disruption, more than globalisation, deteriorating job prospects and ...
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Features in this issue
Politicians and business leaders will discuss the risks posed by technology to jobs, political stability and cyber security at the World Economic Forum in Davos
There are signs that France could become a centre for artificial intelligence research and development
Cryptology expert Bart Preneel says the European security industry must commit to secure communication for the masses and open source is the key to secure infrastructure