As intelligent machines improve, and the gap between machine and human abilities shrinks, employers are becoming increasingly likely to hire “new machines" instead of “new people“
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Knowledge is the new money. While goods and services are becoming demonetized and replaced by machines, knowledge is becoming increasingly valuable.
Companies will look at individual tasks as opposed to entire jobs. It’s unlikely machines will be able to do everything in the foreseeable future and instead, the winning model will incorporate machine + human where part of the value creation will come from machines and part from humans.
The skills gap is often defined as the difference between the skills future workers have and the skills employers seek in new hires. But the skills gap also exists for the already employed workers and can keep growing unless they keep their skills up to date.
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