Former U.S. President Barack Obama speaks at the Bill & Melinda Gates Foundation Goalkeepers event in New York, U.S., September 20, 2017. (REUTERS/Elizabeth Shafiroff)
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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.Speaking to about 3,000 people at an event hosted by a progressive Canadian think tank, Obama said 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. 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.Obama said that policies can make it easier or harder for people to adapt to change.
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