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John Hope Bryant, CEO of Operation HOPE, emphasized the transformative impact of AI on the workforce during a panel at CNBC's CONVERGE LIVE event. He described the current changes as a 'complete do-over of society,' highlighting the immediate loss of jobs in sectors like convenience and grocery stores. The discussion focused on the urgent need for policies to support workers, particularly those with limited educational backgrounds, as AI reshapes employment landscapes.
Bryant called for proactive measures, such as tax incentives for apprenticeships and financial literacy education, to prepare the workforce for an AI-driven future. He referenced Singapore's successful investment in human capital as a model for the U.S. to follow. The goal is to bridge the class divide and ensure that economic growth benefits all, rather than just the wealthy.
• AI is reshaping employment and economic structures significantly.
• Policies are needed to support workforce training in the age of AI.
AI-driven job displacement refers to the loss of jobs due to automation and AI technologies affecting various industries.
Upskilling involves providing training to workers to enhance their skills, particularly in AI and technology.
Human capital investment focuses on improving the skills and education of the workforce to adapt to technological changes.
Operation HOPE is a nonprofit focused on financial literacy and economic empowerment, advocating for workforce training in AI.
Newmark is a commercial real estate services firm, represented by Elizabeth Hart, discussing the implications of AI on leasing and employment.
Mercer is a global consulting leader in talent, health, retirement, and investments, represented by Peta Latimer, addressing workforce challenges in the AI era.
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