Rules Based AudioGlobalisation's Next Wave: The Jobs Apocalypse
The mass commercialisation of artificial intelligence, machine learning technologies and automation, combined with outsourcing to lower income countries is about to cause massive upheavals and hundreds of millions of job losses in developed economies, according to my guest this episode of Rules Based Audio, economist and globalisation expert Professor Richard Baldwin.
He warns that the next phase of globalisation is different, because of the speed and scale of the likely changes, and the expected impact on the middle classes in rich countries. Professionals who thought their jobs were safe are now directly in the firing line. There’s likely to be earth-shaking political consequences.
It sounds pretty grim for the developed economies, but Professor Baldwin says he’s an optimist about where this will get us to in the future – if we can survive the socio-political earthquakes in the meanwhile.
Richard Baldwin is a professor of international economics at the Graduate Institute of International and Development Studies in Geneva; and the author of several books on globalisation, trade and European integration. In this episode of Rules Based Audio, we discuss his latest book, 'The Globotics Upheaval: Globalization, Robotics and the Future of Work'.
He warns that the next phase of globalisation is different, because of the speed and scale of the likely changes, and the expected impact on the middle classes in rich countries. Professionals who thought their jobs were safe are now directly in the firing line. There’s likely to be earth-shaking political consequences.
It sounds pretty grim for the developed economies, but Professor Baldwin says he’s an optimist about where this will get us to in the future – if we can survive the socio-political earthquakes in the meanwhile.
Richard Baldwin is a professor of international economics at the Graduate Institute of International and Development Studies in Geneva; and the author of several books on globalisation, trade and European integration. In this episode of Rules Based Audio, we discuss his latest book, 'The Globotics Upheaval: Globalization, Robotics and the Future of Work'.
