Former U.S. president Obama speaks in Toronto; fans say they left ‘inspired’
TORONTO — Former U.S. President Barack Obama said Friday that closing borders won’t create future jobs because what’s changing industries like manufacturing are automation and artificial intelligence.
Obama told a Toronto luncheon on Friday that the transition from an agricultural to an industrial economy happened over the course of 150 years, but that the technological revolution is happening in 20 years. He said it’s hard for governments to catch up to the pace of disruption.
Obama said over the next 25 years, advanced economies will have to confront the fact that there is not going to be enough high-paying full-time work as we traditionally conceive it.
“You’ll still see auto companies doing pretty well and you’ll see us manufacturing the goods that we use in the United States or Canada, but you’ll walk through those factories and they’ll be empty because they’ll be run by robots and AI,” Obama said.