Can apprenticeships save young people from the threat of Artificial Intelligence?
The World Economic Forum has predicted that by 2020, more than five million jobs will disappear in manufacturing and customer service. Yet, we can expect Artificial Intelligence to create jobs elsewhere; according to a recent survey by Capgemini already four out of five companies have created new job roles through deploying Artificial Intelligence-based systems. Work-based training programs, particularly apprenticeship is a way to guarantee skills and to help our employees cope with the outbreak of AI. Although education and training have traditionally been the responsibility of the public sector in most countries, companies are increasingly recognising and responding to the needs of educating and training our future workforce, especially for reskilling and lifelong learning. Apprenticeships bluster a strong track record of return on investment for both businesses and the apprentice’s career track, but there are still obstacles in its wide scale adoption. The two main reasons are first the image of apprenticeship as a second-rate track in comparison to going to university and second, cost and complexity to regulate apprenticeship in many countries.