All efforts to bolster education should emphasise accessibility, so that those who are starting out with weaker educational backgrounds or lower skill levels can compete in the changing labour market. Well-designed and comprehensive social safety nets –including, for example, unemployment insurance and public health insurance – will also be needed to protect vulnerable workers amid rapid change.
The artificial intelligence revolution will be hugely disruptive, but it will not make humans obsolete. With revamped education systems, we can ensure that technological progress makes all of our lives more hopeful, fulfilling, and prosperous.
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Lee Jong-Wha is Professor of Economics and Director of the Asiatic Research Institute at Korea University. His most recent book, co-authored with Harvard’s Robert J. Barro, isEducation Matters: Global Gains from the 19th to the 21st Century.
Copyright: Project Syndicate, 2018.