The Fourth Industrial Revolution is transforming the world

 

The Fourth Industrial Revolution is transforming the world of work through artificial intelligence, advanced robotics, automation, analytics, and widespread internet connected devices.

recent study on our evolving workforce found a widening gap between the jobs that need to be filled and the skilled talent pool capable of filling them. The skills gap is estimated to be 2.4 million positions in the next ten years. However, long-term, new technology is likely to create more jobs than it eliminates.

These changes in the workforce are a catalyst for expanded economic opportunities for Californians. New Way believes every Californian should have the opportunity to go as far as their abilities and drive can take them.



WHAT IS CAUSING THE CHANGE?

  1. A Shortage of Labor

  2. Declining Productivity Growth

  3. A More Competitive Export Market

  4. Bold Moves by China


HOW DO WE ADAPT?

"The US urgently needs a more aggressive approach to developing and adopting robotic technologies for manufacturing."

Countries like China have already seen the writing on the wall and have begun to adapt their operations accordingly. In order for the U.S. to stay competitive, it must recognize the changes that are coming in the aging workforce and necessity for automation and make proactive plans to avoid getting left behind.


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