The term FOBO (Fear of Becoming Obsolete) gained significant attention at this year's Davos, highlighting employees' anxieties regarding AI's rapid evolution outpacing their skills development. A Gallup poll indicated that 22% of US workers fear job redundancy due to technology, up from 15% in 2021. Experts emphasized the need for businesses to invest in upskilling initiatives rather than solely focusing on acquiring AI tools. Singapore's president warned of an impending jobs crisis, urging a collaborative effort to enhance worker skills to ensure AI serves as an aid, not a replacement.
Just giving people access to Chat GPT, won't get you a return. Adoption rates tend to be low when workers are just handed a tool.
A global jobs crisis is looming…governments and employers must continually invest in workers to ensure AI complements their skills.
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