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