Labor Market Shifts Due to AI Automation and Corporate Executive Appointments
SMP Standard Motor Products Inc
$36.67 -1.13%
View chart & analysis → - 1McKinsey Global Institute estimates that technological and economic changes could result in a reduction of 36 million jobs over the next 10 years.
- 2By 2035, 80% of current working hours in office and administrative support roles could be automated, with 11 million Americans expected to require new job skills.
- 3Renault Group has appointed Karine Damoue as Chief Financial Officer, and Standard Motor Products has appointed James J. Burke as interim Chief Financial Officer.
So what's the key point?
Technological changes could lead to a decrease of 36 million jobs in the future. Companies are preparing for these changes by appointing new executives.
Source Fortune · View original ↗
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