The systems that affect our daily lives are undergoing a rapid technological transformation due to the Fourth Industrial Revolution. The challenge is to make sure that innovation is centred on the needs of humanity. This requires leaders from all walks of life to hone their innovative capabilities and apply them equally to exciting economic opportunities, as well as complex societal challenges.
This is the focus of the World Economic Forum’s Annual Meeting of the New Champions, which is currently being held in Tianjin, China. Featuring about 200 sessions, the meeting brings together over 2,000 senior business and government leaders, policy makers, technology and innovation experts, academic leaders and journalists from over 80 countries. As a strategic partner to the WEF, PwC is once again having a strong presence at the event.
AI and related technologies could boost the economy by as much as 14% globally and up to 26% in China by 2030. But there’s also a significant amount of wariness about these new technologies, particularly around the impact on jobs. So what impact will these technologies have on jobs in China? How many jobs will be displaced and how many will be gained over the next 20 years?
Join PwC's Chief Economist John Hawksworth, PwC UK, and PwC China Financial Service Consulting Leader James Chang, revealed the findings of a new PwC report at a press conference at the WEF meeting in Tianjin.
Despite a recent uptick in employment figures, corresponding wage increases are at record lows and studies suggest that nearly half of these jobs could be at risk from automation in the coming decades. What if 50% of workers cannot find or cannot afford to work?
Replay our in-depth discussion live from the WEF on the impacts of the Fourth Industrial Revolution with experts including our Chief Economist John Hawksworth, PwC UK.
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