IMF / FUTURE OF WORK

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ENGLISH 12-Oct-2017 00:01:39
In her opening remarks at a forum dedicated to predicting the future of work, the IMF Managing Director Christine Lagarde said “ninety percent of the jobs that will be had by our young children or grandchildren simply don’t exist today.” IMF
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STORY: IMF / FUTURE OF WORK
TRT: 1:39
SOURCE: IMF
RESTRICTIONS:NONE
LANGUAGE: ENGLISH /NATS

DATELINE: 11 OCTOBER 2017 WASHINGTON, DC

SHOTLIST:

1. Wide shot, Lagarde and panelists at open of forum
2. Close up, Lagarde
3. Med shot, audience
4. SOUNDBITE (English) Christine Lagarde, Managing Director of the International Monetary Fund:
“Ninety percent of the jobs that will be had by our young children or grandchildren simply don’t exist today. Now, we expect all of them to benefit from technology changes, but this might not necessarily be true. And, what we are certain of is that it is going to transform the way in which we are organized, the way in which work is organized, the way in which we relate to technology ourselves.”
5. Wide shot, audience
6. SOUNDBITE (English) James Manyika, Chairman, McKinsey Global Institute:
“Something like 60 percent of occupations have about 1/3 of their activities that can be automated. So, what does this all mean. What it actually says is that we’re going to have, yes, we are going to have some jobs that will disappear, but we’re probably going to have many more that are going to change as people work alongside machines – especially machines that are rapidly changing. And, we’re also, to your point, we’re going to have new occupations as a result."
7. Med shot, Lagarde and panelists
8. SOUNDBITE (English) Deborah Greenfield, Deputy Director-General for Policy, International Labour Organization:
"So, I think, top of my list is the kinds of protections that will allow people to have flexible, but not insecure work."
9. Wide shot, forum
10. Close up, Lagarde clapping
11. Wide shot, end of conference

STORYLINE:

Experts gathered at the International Monetary Fund (IMF) in Washington on Wednesday to try to predict the future of work in a rapidly changing world.

IMF Managing Director Christine Lagarde and a panel of business, labor and thought leaders discussed opportunities and challenges for the future.

In opening the forum, Lagarde noted that rapid advances in automation and technology offer opportunity, but there can also be costs.

Lagarde said “ninety percent of the jobs that will be had by our young children or grandchildren simply don’t exist today. Now, we expect all of them to benefit from technology changes, but this might not necessarily be true.”

The forum focused on three areas: the technological innovations that will bring about changes in our workplaces and labor markets, the socioeconomic impact of technological innovation and the skills and education necessary to adapt to change and how to design policies that respond to change while ensuring sustainable and inclusive prosperity.

Fears of robots replacing all workers are overblown, said James Manyinka, the Chairman of McKinsey Global Institute. He said only a small percentage of jobs can be fully automated, though technology will transform a great number of occupations.

The think tank director said “something like 60 percent of occupations have about 1/3 of their activities that can be automated. So, what does this all mean. What it actually says is that we’re going to have, yes, we are going to have some jobs that will disappear, but we’re probably going to have many more that are going to change as people work alongside machines – especially machines that are rapidly changing. And, we’re also, to your point, we’re going to have new occupations as a result."

Panelists noted that the movement toward more informal jobs and freelance work should be watched to protect workers.

Deborah Greenfield, Deputy Director-General for Policy, International Labour Organization said "so, I think, top of my list is the kinds of protections that will allow people to have flexible, but not insecure work.”
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