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Remaking our Future: How is Labour going to Change the World? | Enea Albertoli | TEDxBocconiU


hello ladies and gentlemen I would like

hello ladies and gentlemen I would like to talk to you about the future of Labor

to talk to you about the future of Labor

to talk to you about the future of Labor we’re making our future weather why did

we’re making our future weather why did

we’re making our future weather why did I choose this title because it is really

I choose this title because it is really

I choose this title because it is really about that how we can make the future a

about that how we can make the future a

about that how we can make the future a better place

the topic is technological innovation

the topic is technological innovation and facing one of the prime issues

and facing one of the prime issues

and facing one of the prime issues generated by technological innovation

generated by technological innovation

generated by technological innovation unemployment and job destruction the

unemployment and job destruction the

unemployment and job destruction the benefits of innovation are clear this is

benefits of innovation are clear this is

benefits of innovation are clear this is a driverless car from Google from more

a driverless car from Google from more

a driverless car from Google from more than a year ago

than a year ago

than a year ago currently most major car manufacturers

currently most major car manufacturers

currently most major car manufacturers are developing driverless cars

are developing driverless cars

are developing driverless cars Tesla plans to drive the first one you

Tesla plans to drive the first one you

Tesla plans to drive the first one you drive like sit on one without driving it

drive like sit on one without driving it

drive like sit on one without driving it from LA to New York at the end of this

from LA to New York at the end of this

from LA to New York at the end of this year and could possibly have a

year and could possibly have a

year and could possibly have a nationwide system implemented by the end

nationwide system implemented by the end

nationwide system implemented by the end of 2018 DHL Amazon just name a few have

of 2018 DHL Amazon just name a few have

of 2018 DHL Amazon just name a few have developed drones that can deliver post

developed drones that can deliver post

developed drones that can deliver post to your house and they’re ready starting

to your house and they’re ready starting

to your house and they’re ready starting the first projects on this in a few

the first projects on this in a few

the first projects on this in a few small commute this is a photo of an

small commute this is a photo of an

small commute this is a photo of an ultimate eyes factory of cars but where

ultimate eyes factory of cars but where

ultimate eyes factory of cars but where on earth is made with us images that we

on earth is made with us images that we

on earth is made with us images that we can automate a lot more industrial

can automate a lot more industrial

can automate a lot more industrial production this is a 3d printer you can

production this is a 3d printer you can

production this is a 3d printer you can print basically anything with a 3d

print basically anything with a 3d

print basically anything with a 3d printer things that previously could

printer things that previously could

printer things that previously could have taken hours or days for craftsmen

have taken hours or days for craftsmen

have taken hours or days for craftsmen to make now you can make it in minutes

to make now you can make it in minutes

to make now you can make it in minutes with a 3d printer and artificial

with a 3d printer and artificial

with a 3d printer and artificial intelligence

but what are the negative effects of

but what are the negative effects of this well I mean driverless cars can

this well I mean driverless cars can

this well I mean driverless cars can destroy the jobs of truck drivers taxi

destroy the jobs of truck drivers taxi

destroy the jobs of truck drivers taxi drivers and many of the people that work

drivers and many of the people that work

drivers and many of the people that work in the transport industry drones can

in the transport industry drones can

in the transport industry drones can destroy the jobs of postman’s disease

destroy the jobs of postman’s disease

destroy the jobs of postman’s disease and actually I just read an article

and actually I just read an article

and actually I just read an article before coming here and talking about

before coming here and talking about

before coming here and talking about them in Dubai the developing a taxi

them in Dubai the developing a taxi

them in Dubai the developing a taxi that’s little bit like this but a much

that’s little bit like this but a much

that’s little bit like this but a much bigger groan and it basically drives

bigger groan and it basically drives

bigger groan and it basically drives people from the airport to anywhere on

people from the airport to anywhere on

people from the airport to anywhere on the city and it should be implemented in

the city and it should be implemented in

the city and it should be implemented in the coming months and presumably in a

the coming months and presumably in a

the coming months and presumably in a few years it could take you from

few years it could take you from

few years it could take you from anywhere in the city to anywhere in the

anywhere in the city to anywhere in the

anywhere in the city to anywhere in the United Arab Emirates factory

United Arab Emirates factory

United Arab Emirates factory feminization this repeal destroy the

feminization this repeal destroy the

feminization this repeal destroy the jobs of someone’s of course people in

jobs of someone’s of course people in

jobs of someone’s of course people in the world that built factories to

the world that built factories to

the world that built factories to survive even though they live in slums

survive even though they live in slums

survive even though they live in slums at least they can get buy some food 3d

at least they can get buy some food 3d

at least they can get buy some food 3d printers these can destroy the jobless

printers these can destroy the jobless

printers these can destroy the jobless catchment and artificial intelligence

catchment and artificial intelligence

catchment and artificial intelligence often we tend to saying that service

often we tend to saying that service

often we tend to saying that service sector job highly skilled jobs are safe

sector job highly skilled jobs are safe

sector job highly skilled jobs are safe well according to World Economic Forum

well according to World Economic Forum

well according to World Economic Forum 7.1 million jobs will be destroyed by

7.1 million jobs will be destroyed by

7.1 million jobs will be destroyed by 720 that’s in less than two and a half

720 that’s in less than two and a half

720 that’s in less than two and a half years and only 2.1 million are going to

years and only 2.1 million are going to

years and only 2.1 million are going to be created that means in their

be created that means in their

be created that means in their destruction of 5 million and you know

destruction of 5 million and you know

destruction of 5 million and you know where the receptors are most affected

where the receptors are most affected

where the receptors are most affected most affected is health care second most

most affected is health care second most

most affected is health care second most affected on the list are administrative

affected on the list are administrative

affected on the list are administrative jobs and third most affected our

jobs and third most affected our

jobs and third most affected our financial jobs all occupations will

financial jobs all occupations will

financial jobs all occupations will require a large scale asset which takes

require a large scale asset which takes

require a large scale asset which takes years to develop

years to develop

years to develop so the solution I like to propose faces

so the solution I like to propose faces

so the solution I like to propose faces these issues which are all too real and

these issues which are all too real and

these issues which are all too real and will become even more real in the coming

will become even more real in the coming

will become even more real in the coming years if we don’t face

the solution is based on three main

the solution is based on three main pillars that work together creating

pillars that work together creating

pillars that work together creating synergies now we’re gonna go see them

synergies now we’re gonna go see them

synergies now we’re gonna go see them through and then I’ll explain

through and then I’ll explain

through and then I’ll explain specifically why it’s important that

specifically why it’s important that

specifically why it’s important that they are applied together first one

they are applied together first one

they are applied together first one training and education programs we need

training and education programs we need

training and education programs we need to adapt our education system to train

to adapt our education system to train

to adapt our education system to train people to go into their new jobs which

people to go into their new jobs which

people to go into their new jobs which are constantly being created at an

are constantly being created at an

are constantly being created at an ever-faster rate as we said more jobs

ever-faster rate as we said more jobs

ever-faster rate as we said more jobs are being destroyed and created that

are being destroyed and created that

are being destroyed and created that they are created have to be filled and

they are created have to be filled and

they are created have to be filled and it’s especially important we think about

it’s especially important we think about

it’s especially important we think about senior workers 40 and 50 year olds

senior workers 40 and 50 year olds

senior workers 40 and 50 year olds because if they lose their job the

because if they lose their job the

because if they lose their job the current education system is not very

current education system is not very

current education system is not very well suited to help them the second part

well suited to help them the second part

well suited to help them the second part is a universal basic income the

is a universal basic income the

is a universal basic income the anticipated income is an income which

anticipated income is an income which

anticipated income is an income which receive normally on a monthly basis

receive normally on a monthly basis

receive normally on a monthly basis independently from your status whether

independently from your status whether

independently from your status whether you’re married not married and employed

you’re married not married and employed

you’re married not married and employed and employed whenever you receive it and

and employed whenever you receive it and

and employed whenever you receive it and it can be used to replace the old

it can be used to replace the old

it can be used to replace the old welfare system what are the advantages

welfare system what are the advantages

welfare system what are the advantages what one advantage is that it’s not a

what one advantage is that it’s not a

what one advantage is that it’s not a different Center from working actually

different Center from working actually

different Center from working actually it’s the opposite because since you will

it’s the opposite because since you will

it’s the opposite because since you will see that whether they work or not you’re

see that whether they work or not you’re

see that whether they work or not you’re not going to say oh well but if I don’t

not going to say oh well but if I don’t

not going to say oh well but if I don’t work you know I can live on unemployment

work you know I can live on unemployment

work you know I can live on unemployment programs no you will see that whether

programs no you will see that whether

programs no you will see that whether you work or not

you work or not

you work or not second of all it helps the poorest

second of all it helps the poorest

second of all it helps the poorest people in society which often don’t even

people in society which often don’t even

people in society which often don’t even have unemployment benefits because

have unemployment benefits because

have unemployment benefits because they’ve been unemployed for a long time

they’ve been unemployed for a long time

they’ve been unemployed for a long time just to give a number according to EU

just to give a number according to EU

just to give a number according to EU statistics about 4% of the people are in

statistics about 4% of the people are in

statistics about 4% of the people are in long term unemployment where a European

long term unemployment where a European

long term unemployment where a European Union

Union

Union 500 million people just think about how

500 million people just think about how

500 million people just think about how many that is and the u.s. is a similar

many that is and the u.s. is a similar

many that is and the u.s. is a similar percentage so if you leave your job

percentage so if you leave your job

percentage so if you leave your job you’re 50 so you go into a training

you’re 50 so you go into a training

you’re 50 so you go into a training program that’s clear we implemented that

program that’s clear we implemented that

program that’s clear we implemented that but you maybe need to take two three

but you maybe need to take two three

but you maybe need to take two three years to learn how to have in your jobs

years to learn how to have in your jobs

years to learn how to have in your jobs the bills are not gonna wait

the bills are not gonna wait

the bills are not gonna wait has to be fed the various expenses are

has to be fed the various expenses are

has to be fed the various expenses are not gonna go away so universal basic

not gonna go away so universal basic

not gonna go away so universal basic income can help you and then you must

income can help you and then you must

income can help you and then you must consider the fact that it helps people

consider the fact that it helps people

consider the fact that it helps people for example young people that many

for example young people that many

for example young people that many countries have to go work because

countries have to go work because

countries have to go work because they’re too poor to have an education it

they’re too poor to have an education it

they’re too poor to have an education it helps them survive the amount of time

helps them survive the amount of time

helps them survive the amount of time that is necessary to conclude their

that is necessary to conclude their

that is necessary to conclude their education and then a reduction of

education and then a reduction of

education and then a reduction of working hours now this might seem

working hours now this might seem

working hours now this might seem counterproductive

counterproductive

counterproductive I mean jobs are being destroyed by abuse

I mean jobs are being destroyed by abuse

I mean jobs are being destroyed by abuse working hours if anything people should

working hours if anything people should

working hours if anything people should we work more but if we reduce working

we work more but if we reduce working

we work more but if we reduce working hours we can guarantee that more people

hours we can guarantee that more people

hours we can guarantee that more people are working the real question to answer

are working the real question to answer

are working the real question to answer is do we want to have more free time or

is do we want to have more free time or

is do we want to have more free time or do you want to be unemployed if the

do you want to be unemployed if the

do you want to be unemployed if the demand for workers for falls by 20

demand for workers for falls by 20

demand for workers for falls by 20 percent in the next five years and the

percent in the next five years and the

percent in the next five years and the next five years again by 20 percent and

next five years again by 20 percent and

next five years again by 20 percent and then five years after that by 20 percent

then five years after that by 20 percent

then five years after that by 20 percent with the current system 20 percent of

with the current system 20 percent of

with the current system 20 percent of the people are going to end up on the

the people are going to end up on the

the people are going to end up on the street every five years if we reduce

street every five years if we reduce

street every five years if we reduce working hours on average by 20 percent

working hours on average by 20 percent

working hours on average by 20 percent everyone can keep on working have more

everyone can keep on working have more

everyone can keep on working have more free time and actually have the same

free time and actually have the same

free time and actually have the same salary because if they are more

salary because if they are more

salary because if they are more productive

productive

productive science technology even by working less

science technology even by working less

science technology even by working less they can have the same output some proof

they can have the same output some proof

they can have the same output some proof to the CSIs is empirical evidence these

to the CSIs is empirical evidence these

to the CSIs is empirical evidence these are the GDP per capita ranked from high

are the GDP per capita ranked from high

are the GDP per capita ranked from high slowest of all ECD countries and these

slowest of all ECD countries and these

slowest of all ECD countries and these are the working hours per worker we can

are the working hours per worker we can

are the working hours per worker we can see that certain countries like Germany

see that certain countries like Germany

see that certain countries like Germany Denmark Netherlands France Luxembourg

Denmark Netherlands France Luxembourg

Denmark Netherlands France Luxembourg Switzerland Austria all countries that

Switzerland Austria all countries that

Switzerland Austria all countries that don’t have particular natural resource

don’t have particular natural resource

don’t have particular natural resource endowments have some of the highest GDP

endowments have some of the highest GDP

endowments have some of the highest GDP per capita despite having some of the

per capita despite having some of the

per capita despite having some of the layers

layers

layers in the world now a key question is how

in the world now a key question is how

in the world now a key question is how can firm stay competitive you reducing

can firm stay competitive you reducing

can firm stay competitive you reducing working hours this is one aspect the UVI

working hours this is one aspect the UVI

working hours this is one aspect the UVI didn’t really affect them training

didn’t really affect them training

didn’t really affect them training programs actually helped them

programs actually helped them

programs actually helped them reducing work now it’s and caused some

reducing work now it’s and caused some

reducing work now it’s and caused some problems the fact you pay workers and

problems the fact you pay workers and

problems the fact you pay workers and they’re working less how do I stay

they’re working less how do I stay

they’re working less how do I stay competitive well this is one of the key

competitive well this is one of the key

competitive well this is one of the key questions to answer first of all we have

questions to answer first of all we have

questions to answer first of all we have to privilege incentives we must enforce

to privilege incentives we must enforce

to privilege incentives we must enforce funds a manager has to stay there the

funds a manager has to stay there the

funds a manager has to stay there the whole day most of the time you can’t

whole day most of the time you can’t

whole day most of the time you can’t tell all your going to do a shift you’re

tell all your going to do a shift you’re

tell all your going to do a shift you’re just going to work for now there’s no a

just going to work for now there’s no a

just going to work for now there’s no a manager Paulo state is there all day but

manager Paulo state is there all day but

manager Paulo state is there all day but if you give the freedom of firms to

if you give the freedom of firms to

if you give the freedom of firms to adapt and give them incentives tax

adapt and give them incentives tax

adapt and give them incentives tax breaks for example they might have

breaks for example they might have

breaks for example they might have initiative themselves an example firms

initiative themselves an example firms

initiative themselves an example firms in most European countries pay tax about

in most European countries pay tax about

in most European countries pay tax about 30 percent of the salary of their

30 percent of the salary of their

30 percent of the salary of their workers for their welfare benefits the

workers for their welfare benefits the

workers for their welfare benefits the workers never see that money if you tell

workers never see that money if you tell

workers never see that money if you tell the forms for instance you can’t you

the forms for instance you can’t you

the forms for instance you can’t you won’t have to pay this tax on condition

won’t have to pay this tax on condition

won’t have to pay this tax on condition that you hire more workers and use that

that you hire more workers and use that

that you hire more workers and use that money to pay the workers salary already

money to pay the workers salary already

money to pay the workers salary already firms have a lot more money to invest in

firms have a lot more money to invest in

firms have a lot more money to invest in employment programs

employment programs

employment programs 20% of the workers should be fired in

20% of the workers should be fired in

20% of the workers should be fired in the next five years you can have a cost

the next five years you can have a cost

the next five years you can have a cost cut of 30%

cut of 30%

cut of 30% you clearly have enough money to pay the

you clearly have enough money to pay the

you clearly have enough money to pay the lecture workers if you have to help from

lecture workers if you have to help from

lecture workers if you have to help from the government

the government

the government second thing is efficiency if two

second thing is efficiency if two

second thing is efficiency if two workers say work five hours a day in

workers say work five hours a day in

workers say work five hours a day in those five hours putting all their

those five hours putting all their

those five hours putting all their energies in working hard they’re

energies in working hard they’re

energies in working hard they’re obviously going to be more productive

obviously going to be more productive

obviously going to be more productive than just one worker has to do strenuous

than just one worker has to do strenuous

than just one worker has to do strenuous long hours for 10 hours so you could

long hours for 10 hours so you could

long hours for 10 hours so you could increase not just quantity but it’s the

increase not just quantity but it’s the

increase not just quantity but it’s the quality of the work

and then we have to face the issue of

and then we have to face the issue of the government funding the government

the government funding the government

the government funding the government provides education training programs the

provides education training programs the

provides education training programs the government provides the UVI the

government provides the UVI the

government provides the UVI the government gives incentives to firms so

government gives incentives to firms so

government gives incentives to firms so the government is spending a lot of

the government is spending a lot of

the government is spending a lot of money how could the government find the

money how could the government find the

money how could the government find the money well first of all more efficient

money well first of all more efficient

money well first of all more efficient welfare this is more efficient welfare

welfare this is more efficient welfare

welfare this is more efficient welfare it’s a wealthy that encourages people to

it’s a wealthy that encourages people to

it’s a wealthy that encourages people to work is it well forbidden to apply the

work is it well forbidden to apply the

work is it well forbidden to apply the office E is sent automatically to a bank

office E is sent automatically to a bank

office E is sent automatically to a bank account so is not simple to manage than

account so is not simple to manage than

account so is not simple to manage than the old welfare system that leads to

the old welfare system that leads to

the old welfare system that leads to more efficient government the resources

more efficient government the resources

more efficient government the resources would be fully used to monitor the

would be fully used to monitor the

would be fully used to monitor the people unemployed monitor if they’re

people unemployed monitor if they’re

people unemployed monitor if they’re actively looking for a job monitor if

actively looking for a job monitor if

actively looking for a job monitor if they’re not making up excuses because

they’re not making up excuses because

they’re not making up excuses because this is what the Doan has to do with the

this is what the Doan has to do with the

this is what the Doan has to do with the current welfare system if all these

current welfare system if all these

current welfare system if all these resources are not necessary any more to

resources are not necessary any more to

resources are not necessary any more to be spent on welfare systems they can be

be spent on welfare systems they can be

be spent on welfare systems they can be invested in more useful projects more

invested in more useful projects more

invested in more useful projects more useful investments second thing is

useful investments second thing is

useful investments second thing is increased employment if more people are

increased employment if more people are

increased employment if more people are working clearly more people paying taxes

working clearly more people paying taxes

working clearly more people paying taxes done an income is increasing and more

done an income is increasing and more

done an income is increasing and more people are spending so again government

people are spending so again government

people are spending so again government indirect taxes increased as well and

indirect taxes increased as well and

indirect taxes increased as well and this leads us to increased economy more

this leads us to increased economy more

this leads us to increased economy more people are spending because they have a

people are spending because they have a

people are spending because they have a job they have a stable financial

job they have a stable financial

job they have a stable financial situation thanks to the ubi so they make

situation thanks to the ubi so they make

situation thanks to the ubi so they make more investments in themselves and in

more investments in themselves and in

more investments in themselves and in enterprises they might want to make and

enterprises they might want to make and

enterprises they might want to make and they have education training programs to

they have education training programs to

they have education training programs to develop their skills and be more

develop their skills and be more

develop their skills and be more productive this is what economic growth

productive this is what economic growth

productive this is what economic growth is called and finally the objective is

is called and finally the objective is

is called and finally the objective is to have more freedom freedom to make a

to have more freedom freedom to make a

to have more freedom freedom to make a choice in life freedom to live outside

choice in life freedom to live outside

choice in life freedom to live outside of poverty freedom to be ourselves so

of poverty freedom to be ourselves so

of poverty freedom to be ourselves so how will the future look like well we

how will the future look like well we

how will the future look like well we first should see how these policies work

first should see how these policies work

first should see how these policies work together and why they should work

together and why they should work

together and why they should work together try taking one of these away

together try taking one of these away

together try taking one of these away and the whole system might not work

and the whole system might not work

and the whole system might not work education training programs out of there

education training programs out of there

education training programs out of there say you give the people you VIII so

say you give the people you VIII so

say you give the people you VIII so they’re not in absolute poverty alright

they’re not in absolute poverty alright

they’re not in absolute poverty alright that’s good and so you you reduce

that’s good and so you you reduce

that’s good and so you you reduce working hours so those jobs but if

working hours so those jobs but if

working hours so those jobs but if people don’t have the skills to take

people don’t have the skills to take

people don’t have the skills to take those jobs they’re just gonna stand

those jobs they’re just gonna stand

those jobs they’re just gonna stand employed productivity is not gonna

employed productivity is not gonna

employed productivity is not gonna increase the economy is not going to

increase the economy is not going to

increase the economy is not going to grow the system will fail most likely

grow the system will fail most likely

grow the system will fail most likely not as savvy but take out another

not as savvy but take out another

not as savvy but take out another element keep education and training

element keep education and training

element keep education and training programs and the UVI for instance and

programs and the UVI for instance and

programs and the UVI for instance and take away a reduction of working hours

take away a reduction of working hours

take away a reduction of working hours you can train people to get the new jobs

you can train people to get the new jobs

you can train people to get the new jobs you can help them financially during

you can help them financially during

you can help them financially during those studies but if there are no jobs

those studies but if there are no jobs

those studies but if there are no jobs there are no jobs they’re just gonna

there are no jobs they’re just gonna

there are no jobs they’re just gonna stand employed and try taking that UV

stand employed and try taking that UV

stand employed and try taking that UV out of there

out of there

out of there keep education in training programs and

keep education in training programs and

keep education in training programs and reduce working hours that might work but

reduce working hours that might work but

reduce working hours that might work but then again you have to keep a very

then again you have to keep a very

then again you have to keep a very expensive welfare system which might not

expensive welfare system which might not

expensive welfare system which might not give you provide you the funds and the

give you provide you the funds and the

give you provide you the funds and the resources to implement the other

resources to implement the other

resources to implement the other policies and consider that if it takes

policies and consider that if it takes

policies and consider that if it takes someone in the healthcare sector and the

someone in the healthcare sector and the

someone in the healthcare sector and the financial sector when the administrative

financial sector when the administrative

financial sector when the administrative sector years to learn how to do their

sector years to learn how to do their

sector years to learn how to do their job it’s going to take years when

job it’s going to take years when

job it’s going to take years when they’re 4050 to learn to do a new job

they’re 4050 to learn to do a new job

they’re 4050 to learn to do a new job again maybe even more because this

again maybe even more because this

again maybe even more because this either’s learn when you’re training so

either’s learn when you’re training so

either’s learn when you’re training so think if you get fired and you have a

think if you get fired and you have a

think if you get fired and you have a family you have a house to maintain or

family you have a house to maintain or

family you have a house to maintain or say you’re young and you have no money

say you’re young and you have no money

say you’re young and you have no money to push your studies how can you do it

to push your studies how can you do it

to push your studies how can you do it if you don’t have some support this is

if you don’t have some support this is

if you don’t have some support this is where the ubi is therefore to say this

where the ubi is therefore to say this

where the ubi is therefore to say this and people who will be unemployed for a

and people who will be unemployed for a

and people who will be unemployed for a long time to be able to avoid absolute

long time to be able to avoid absolute

long time to be able to avoid absolute poverty now the future won’t look like

poverty now the future won’t look like

poverty now the future won’t look like this it won’t be all ponies and rainbows

but

but if we stand up and face the challenges

if we stand up and face the challenges

if we stand up and face the challenges posed by technological innovation we can

posed by technological innovation we can

posed by technological innovation we can truly win over the fourth Industrial

truly win over the fourth Industrial

truly win over the fourth Industrial Revolution

”

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