#white-collarjobs, #AerificialIntelligence, #automation, #digitization, #Roboticprocessautomation, #TheAtlantic, #BrookfieldInstituteforInnovation+Entrepreneurship, #autonomousautomotiveutilization, #on-demandfleets
Toronto, Dec 28 (Canadian-Media): Significant changes in the composition of our work force in Ontario, a province of Canada, over the past decade resulting in the disappearance of a large numbers of mid-level white-collar jobs as well as a manufacturing jobs has left Ontario in a challenging situation, media reports said.
On the other hand the careers of the reportedly creative class and those whose livelihood depend on more physical labour have improved and relatively stable.
Changes in our economic output is reportedly driven by changes within companies, who have adopted new technologies resulting in need for fewer workers in their business processes.
In spite of the gradual pace of these trends toward a polarization of jobs over the past decade the rise of new technologies in areas such as digitization, robotic process automation and artificial intelligence (AI), next decade would likely see many jobs disappearing and most industries would reportedly be impacted.
One study recently published in The Atlantic -- covers news and analysis on politics, business, culture, technology , national, international and life on the official site of The Atlantic Magazine -- suggested that in the United States, 55 percent of jobs on average, could be at risk due to automation.
In Canada, 42 percent of our jobs are considered at high risk of being affected by automation, according to the Brookfield Institute for Innovation + Entrepreneurship, which is dedicated to making Canada the best country in the world to be an innovator or an entrepreneur..
Economy in Ontario is driven by a number of sectors including automotive sector, financial-services sector that are likely to see significant disruption.
Automotive sector, which employs reportedly more than 125,000 people in the province would see a decrease in the need for new cars into the ecosystem due to the rise of autonomous automotive utilization and a move to on-demand fleets.
Similarly, in the financial-services sector, our financial institutions are focusing on automation and the use of AI to both enhance the customer experience and to reduce costs in the back office.
Up to reportedly 30 percent of bank jobs could disappear in the next five years affecting the insurance sector as well.
According to official reports estimates auto-insurance premiums, in the United States, could fall by as much as 60 percent, as autonomous vehicles would reduce the number of vehicles on the road and decrease of accidents.
Ontario is challenged with not only how to train the youth to enter a very different work force, but also how to retain current workers who risk being left behind in the new digital economy.
There is a great need for Ontario colleges and universities to rethink their curriculums.
To retain our current work force -- who reportedly will be displaced by automation and other technologies -- our largest firms need to adopt measures to continually upgrade their employees' skills with a focus on current trend including performance-management approaches to provide appropriate incentives.
This will require new investments and greater co-operation between our colleges and universities and the private sector to update their curriculums and to ensure accessibility with flexible programs.
Industry associations at the provincial and federal levels would be required to help identify new skills and developing accreditations.
(Reporting by Asha Bajaj)
#Toronto-YorkSpadinaSubwayExtension, #KathleenWynne, #JustinTrudeau, #JoshColle, #StevenDelDuca, #WayneEmmerson, #JohnTory
Toronto, Dec 18 (Canadian-Media): Toronto's subway system is offering its largest subway expansion -- in North America in recent decades -- in connecting with Vaughan effective Dec 17 with total cost of the Toronto-York Spadina Subway Extension being about $3.2 billion, media reports said.
"The subway will also be the first time ever that the TTC subway system will cross a municipal border, linking Toronto and York University with York Region with fast and frequent rapid transit,” said Josh Colle, Chair of the TTC
Premier Kathleen Wynne -- along with Prime Minister Justin Trudeau; John Tory, Mayor of Toronto; Josh Colle, Toronto Transit Commission (TTC) Chair; and Wayne Emmerson, York Region Chairman and CEO; as well as other local transit and elected officials reportedly celebrated this landmark project by taking the inaugural ride on the new stretch of Line 1 linking Toronto with Vaughan.
From Left to right: Wayne Emmerson, John Tory, Justin Trudeau, Kathleen Wynne, Josh Colle/ Facebook
“Today’s celebration clearly indicates what we can achieve when all levels of government work towards one common goal — building more transit,” Steven Del Duca, Ontario Minister of Transportation was reported by media to state.
The six new subway stations are Downsview Park, Finch West, York University, Pioneer Village, Highway 407 and Vaughan Metropolitan Centre.
Ontario through the Move Ontario Trust provided approximately $974 million for this project and $904 million was provided by City of Toronto, $697 million by the federal government and up to $604 million by the York Region.
The new option provided by this project would allow people to get back to their homes and their families sooner in getting from the new subway terminus at Vaughan Metropolitan Centre to the Sheppard West station in about 14 minutes, and to Union Station in 42 minutes .
Students for the very first time would reportedly avail of the opportunity of rapid transit to York University.
An estimated 36 million transit trips would be added by the Line 1 Extension/Toronto-York Spadina Subway Extension (TYSSE) which would eliminate 30 million car trips per year and help in reduction of traffic congestion, improvement of air quality and fight climate change.
According to official reports, business and residential development in Vaughan's emerging downtown would grow by the new subway terminus.
A walkable, urban community with extensive green space and quick access to transit created by the fast connection between Vaughan and Union Station in downtown Toronto will help businesses attract the best talent and boost their productivity.
This milestone marks the first in a series of game-changing transit projects the Ontario government will open in the coming years.
Starting on January 7, 2018, Ontario and Toronto costs for commuters in the Greater Toronto and Hamilton Area would be reduced by offering adult, senior, youth and student TTC fare of just $1.50 when they use a PRESTO card to transfer to or from GO Transit or the Union Pearson Express.
“ This opening is another example of all levels of government working together cooperatively to deliver billions of dollars in transit infrastructure and our ongoing commitment to getting Toronto moving...More transit is a good thing for our city, our province and our country, ” Tory was quoted by media to state.
Calling this occasion as monumental for 1.2 million people who call York Region home, Emmerson, was reported by media to state, "It reinforces our Council’s support of transportation and transportation-related initiatives, and will help further develop an urban community that is transit-oriented, forward-thinking and has economic development opportunities to benefit current and future generations.”