trending Market Intelligence /marketintelligence/en/news-insights/trending/oL2Wl7PUeTpHkoqy_OtGTA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

European Commission VP says tech progress will create more jobs than it destroys

China COVID-19 Trends In TV, Video

US Broadband Households Shift Into Higher Gear In H1'20, 1-Gig Adoption Soars

Cable Business Services Weather Q2 Storm, Growing Revenues, Limiting Sub Losses

COVID-19 Impact Will Shrink Number Of New US Smart City Projects

European Commission VP says tech progress will create more jobs than it destroys

Rapid strides in automation, artificial intelligence and digitization will result in job losses, but slowing technological progress is not the answer, said Andrus Ansip, European Commissioner for Digital Single Market and vice president of the European Commission.

No longer the sole purview of science fiction or research labs, robots and the new industrial revolution pioneered by companies such as Alphabet Inc., Facebook Inc. and Inc. are set to fundamentally transform the global labor force. As entire industries adjust to new patterns of consumption and employment, AI-related disruption could lead to the loss of 7.1 million jobs and a gain of 2 million jobs between the years 2015 and 2020, according to estimates by the World Economic Forum covering 15 major developed and emerging economies.

Speaking June 1 at Pioneers Festival in Vienna, Austria, Ansip acknowledged that an acute shortage of digital skills could also add to future unemployment.

In a little over a decade, machines are expected to perform a myriad of functions, from writing and translation, to driving and delivering customer services. A survey of 325 experts predicts artificial intelligence will outperform humans at all tasks in 45 years.

But Ansip insisted being left behind is "not an option."

"Progress always created more jobs than it destroyed," he said, noting that Adidas' robot-powered shoe manufacturing plant in Germany had brought jobs back to the market that had previously been outsourced to Asia.

As calls grow for a measured response to automation from businesses and governments, major industry figures including Elon Musk and Bill Gates have advocated for the idea of a universal basic income, which would guarantee all citizens a flat rate from their government, or a robot tax to confront the impact of mass unemployment. Ansip said the EC is not ready to impose either.

"I would like to support digitization of our industries," Ansip said. "Taxing [them] would slow down progress."