Hope amid ‘jobs gap’: bank - News Summed Up
Hope amid ‘jobs gap’: bank

Hope amid ‘jobs gap’: bank

September 14, 2016 15:56 UTC

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Hope amid ‘jobs gap’: bank


BloombergWhile new technologies are giving rise to a “jobs gap” — or a mismatch between the jobs people want and the ones that are available — they are also affording new opportunities for workers, Goldman Sachs Group Inc said in a report. The rise of automation, online tools and “big data” echoes industrial revolutions of the past, with occupations and businesses following a “natural evolution” as technology advances, the bank said. In the meantime, workers are already responding to the new employment landscape by taking on “adaptive occupations” that are better insulated from change. Such occupations include nurses and Web developers, but can also extend to more traditional vocations, such as carpenters, plumbers and tailors. The bank said the technology-driven shift from farming to manufacturing beginning in the late 1800s meant the loss of millions of agricultural jobs, but also “allowed the [US] to move into a new phase of economic growth.”Still, managing the jobs gap can have benefits, Goldman said.


Source: Taipei Times September 14, 2016 15:56 UTC



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