The Committee for Economic Development (CED) offers solutions for business and policy leaders to proactively respond to the AI transformation by equipping workers with the knowledge and tools to adapt and thrive, according to its latest report Future-Proofing the Workforce for the AI Era.
AI is increasingly and rapidly transforming the U.S. economy, with the potential to have a tremendous impact on “how we work, live and innovate,” the paper posits.
The AI revolution can help mitigate lackluster productivity growth and one of the most severe labor shortages in the nation’s history by driving efficiency throughout the economy.
Navigating the transition to an AI-integrated economy will require a comprehensive and collaborative strategy from public policy, business and education leaders, add experts from The. Conference Board.
As the solutions report emphasizes, maximizing AI’s potential while mitigating its risks requires a collaborative and proactive approach from policymakers, business leaders, educators and all those who have a stake in determining how this technology will transform society.
The impact of AI on workers and the economy is simply too large and far-reaching to ignore. The public and private sector must work together to build a future-ready workforce poised for success in the AI era, with the skills and adaptability needed to thrive in a rapidly changing economic landscape.
CED’s solutions report offers key recommendations for preparing the workforce for the future and thriving in the AI era:
- Expand future-oriented education and workforce development opportunities.
- Streamline the approval process to expand the Registered Apprenticeship Program.
- Enhance educational offerings related to science, technology, engineering and mathematics (STEM) and computer science
- Foster a growing pool of well-trained technology and STEM educators
- Increasing the use and recognition of credentials that can be accumulated
- Provide targeted federal and state support for workers displaced by AI disruptions
- Allocate federal funding for AI research
- Enhance government AI expertise and capabilities.
Business leaders’ role in overhauling organizational structure and workflows.
The article was prepared with information pertaining to The Conference Board report available at the following link.
