#EmploymentTrends

Al Expert Kai-Fu Lee Predicts that Al Could Replace 50% of Jobs in Next Three Years

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Al Expert Kai-Fu Lee Predicts that Al Could Replace 50% of Jobs in Next Three Years

Al Expert Kai-Fu Lee Predicts that Al Could Replace 50% of Jobs in Next Three Years Sinovation Ventures chairman Kai-Fu Lee made a daring forecast in 2017. He predicted that the combined influence of artificial intelligence (AI) and previous technical advancements would surpass that of all of them. He added that 50% of all employment … Read more

Unemployment and Recession—What’s the Relation?

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Unemployment and Recession—What's the Relation?

Unemployment and Recession—What’s the Relation? Unemployment tends to rise quickly and sometimes remain elevated, during a recession. With the onset of the recession as companies face increased costs, stagnant or falling revenue, and increased pressure to service their debts they start to put off workers to decrease costs. The number of unemployed workers across many … Read more