Reskilling those 1.4 million Americans who could lose their jobs to automation could cost the government and private companies up to $34 billion, according to estimates from the World Economic Forum. Plus, government may pick up only about 75% of the tab. Organizations with reskilling programs are betting that their share of the cost will be far cheaper than the cycle of laying off workers who don’t have the skills needed for the future and replacing them with new recruits who do.

Link: https://www.kornferry.com/institute/corporate-america-reskilling