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 peter gumbel


How will automation affect economies around the world?

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All countries will feel the impact of automation, but at different speeds and in different ways. In this podcast, McKinsey Global Institute looks at its likely impact in China, Europe, and India. New technologies such as artificial intelligence and automation are reshaping the workplace globally. All countries will feel the impact in some way, shape, or form. In this episode for the McKinsey Global Institute's New World of Work podcast, MGI directors Jonathan Woetzel and Jacques Bughin and MGI partner Anu Madgavkar examine automation's likely impact in China, Europe, and India. I'm Peter Gumbel from the McKinsey Global Institute, and today we'll be taking a look at the quite different ways that new technologies like automation and artificial intelligence will affect work in different parts of the world. Specifically, we'll be looking at China, Europe, and India. These differences come about for a number of reasons that we explain in our new MGI report on the future of work, which is called Jobs lost, jobs gained: Workforce transitions in a time of automation. Among the reasons for these differences are different levels of economic development, different wage rates, and different potential for automation adoption in different economies. First, let's talk about China. Here to do so is Jonathan Woetzel, director of the McKinsey Global Institute, based in Shanghai. Jonathan, perhaps you can start by telling us where the Chinese workforce is at the moment.


What is the future of work?

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A new podcast series from the McKinsey Global Institute explores how technologies like automation, robotics, and artificial intelligence are shaping how we work, where we work, and the skills we need to work. The future of work is one of the hottest topics in 2017, with conflicting information from various experts leaving plenty of room for debate around what impact automation technology like artificial intelligence (AI) and robotics will have on jobs, skills, and wages. In the first episode of the New World of Work podcast from the McKinsey Global Institute--which is being featured in the McKinsey Podcast series--MGI chairman and director James Manyika speaks with senior editor Peter Gumbel about what these technologies are, how they will change work, and what new research says we can expect. This is our new series on work, the world of work, and the changing world of work. Today, for our first podcast on this issue, I'm with James Manyika, who is the chairman and director of the McKinsey Global Institute; he's also a senior partner at McKinsey and is based in the San Francisco office. James, this issue of work and the future of work is one that you have been looking at for some time, with work on automation and with the latest report on jobs, Jobs lost, jobs gained. Perhaps, you can start off by telling us about the broader issues, and which ones you're focusing on. James Manyika: Well, I think we're having an interesting time in our history and our economy around the future of work. It comes up in almost every conversation with students, workers, CEOs, and policymakers.