Daily Archives: July 4, 2018

Economists worry we aren’t prepared for the fallout from automation

Economists worry we aren’t prepared for the fallout from automation

Too much time discussing whether robots can take your job; not enough time discussing what happens next

Are we focusing too much on analyzing exactly how many jobs could be destroyed by the coming wave of automation, and not enough on how to actually fix the problem? That’s one conclusion in a new paper on the potential effects of robotics and AI on global labor markets from US think tank, the Center for Global Development (CGD).

The paper’s authors, Lukas Schlogl and Andy Sumner, say it’s impossible to know exactly how many jobs will be destroyed or disrupted by new technology. But, they add, it’s fairly certain there are going to be significant effects — especially in developing economies, where the labor market is skewed toward work that requires the sort of routine, manual labor that’s so susceptible to automation. Think unskilled jobs in factories or agriculture.

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The View from Europe: The new dimensions of tourism – By David Jessop

The View from Europe: The new dimensions of tourism

By David Jessop

David Jessop

In a week in which Caribbean tourism leaders have been meeting in New York to build on the strong growth that much of the industry is now experiencing, it may seem perverse to be writing about the sustainability of Caribbean tourism.

However, there is growing evidence that fundamental structural changes taking place globally in the industry are likely to raise new questions about the social and economic value tourism brings.

Tourism is increasingly a price-based commodity, benefitting mainly those who own its supply: the hotels, the airlines and cruise ships, and the industry’s multifaceted marketing operations.           Continue reading

Significant reform needed to transform regional aviation industry – CDB president

Significant reform needed to transform regional aviation industry, says CDB president

July 3, 2018 – Caribbean News Now

Dr Wm. Warren Smith, CDB President

BRIDGETOWN, Barbados — President of the Caribbean Development Bank (CDB), Dr Warren Smith, has called for a new paradigm in the aviation industry, defined by connectivity that is convenient, flexible, and reasonably priced.

Speaking at Aviation Day Caribbean on June 29, Smith noted that transforming the Caribbean airline industry will demand significant reforms and actions by regional governments, but will also lead to a better overall customer experience and to aviation making an even bigger contribution to regional economic activity.             Continue reading

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