article thumbnail

Gear Up for the Future: Outlining the AI Impact on Employment

HR Digest

There are a lot of benefits from the integration of AI technology, a possible 7 percent boost to global GDP according to the report, but when paired with apprehensions about unemployment, it results in an equal amount of worry for the future.

Tools 52
article thumbnail

The productivity imperative

First Friday Book Synopsis

Patrick Viguerie for The McKinsey Quarterly. To read the complete article, check out other resources, and obtain information about a free online subscription, please click here. * * * To sustain wealth creation, developed nations must find ways to boost [.].

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is The Single Market Preventing Digital Champions In Europe?

The Horizons Tracker

Consulting giant McKinsey recently argued that the talk about Asian economic hegemony has been largely underestimated. Cities and hubs benefit from the concentration of talent and resources in one place. The concern across the EU has only risen as China has appeared to have considerably more success. Digital dominance.

article thumbnail

Working Mothers Are Important Contributors to the U.S. Labor Force

HR Digest

The upward trend has not been supported by a similar growth in childcare resources, with a Zippia report indicating that approximately half of the U.S. faces difficulties in identifying childcare resources, with 27 percent stating this was due to limited childcare slots and 31.7 McKinsey reported that working mothers were 1.5

GDP 98
article thumbnail

How Competition Is Driving AI’s Rapid Adoption

Harvard Business Review

New research from the McKinsey Global Institute simulates the potential global macroeconomic impact of five powerful technologies (computer vision, natural language, virtual assistants, robotic process automation, and advanced machine learning). GDP growth a year across the period. But how will AI impact the economy in broad terms?

GDP 9
article thumbnail

The First Step to Fixing U.S. Manufacturing

Harvard Business Review

A few outlier industries (notably pharmaceuticals, medical devices, and computers) prop up the sector’s aggregate performance; most others have experienced flat growth or outright declines in real GDP over the past two decades. As a group, the largest U.S. Even when large U.S. These costs are significantly higher for U.S.

article thumbnail

These 6 Sectors of Africa’s Economy Are Poised for Growth

Harvard Business Review

Lower resource prices and higher levels of sociopolitical instability have taken their toll: Africa’s real GDP grew at an average of 3.3% Accelerating technological change is unlocking new opportunities for consumers and businesses, and Africa still has abundant resources. from 2000 to 2010.