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Mike Allen interviewing Ivanka Trump at an Axios News Shapers. Photo: Chuck Kennedy for Axios

Last Thursday, Axios' Mike Allen hosted a conversation on workforce development and news of the day with Advisor to the President Ivanka Trump and EY CEO Mark Weinberger.

Why it mattered: The conversation took place on the heels of the White House's executive order that aims to lessen the job displacement effect of data and automation, by encouraging high-tech retraining for employees. Ivanka Trump also discussed immigration, paid family leave, tariffs, the media, and the Mueller probe.

Mike Allen and Ivanka Trump. Photo: Chuck Kennedy for Axios
Trump discusses workforce development plan

At the event, Trump discussed the 3.8 million new corporate commitments to apprenticeships and retraining of workers who may lose jobs to automation:

  • Walmart: 1 million
  • FedEx: 500k
  • Mastercard: An additional 75k
  • United: almost 16k new commitments

Trump on how the government can help fill job vacancies in the private sector:

  • Gathering/providing data: "For the first time in history, we have more vacant jobs than we have unemployed people [...] But if you ask the Bureau of Labor Statistics where the vacancies are, they can't tell you. They can tell you what industry the 6.6 million jobs are in, but they can't tell you where they are geographically, what skills are required for them, or what training programs will give you the skills to fill them. There's a lot we can do to work with the private sector and harness data so that people can make smarter choices about the education and skills they're requiring."
  • Promoting vocational training: "Vocational training is important. College isn't the right path for everyone [...] This administration is committed to creating alternative pathways. We don't want to imply there's one path to a great future."
Trump's take on...

Paid family leave: "Not in this Congress."

The media: "I do not" think the press is the enemy of the people.

Family separation: "I am very vehemently against."

Whether she has talked to Robert Mueller or knew about the Trump Tower Meeting in June 2016: "No and no"

Go deeper.

Mike Allen and EY CEO Mark Weinberger. Photo: Chuck Kennedy for Axios
EY's Mark Weinberger on ... the benefits of automation
  • "Jobs aren't going away, tasks are going away [...] algorithms help us do repetitive tasks [...] so when people don't have to do that, they can [focus] on other things."
  • "You're eventually going to be in a job that doesn't exist today, using technology not yet invented, solving a problem we don't know we have."
... how to lead millennials
  • What they're like: "Young people today are more tech savvy, more worldly, more socially understanding than any generation before."
  • What to give them: "It's really important for millennials to have the opportunity to speak up. They really want to have their voice heard."
  • What to tell them: "With millennials, I talk as much about [EY's] purpose as I do about our financials. They want to know why EY exists in the world, as much as they want to know how much they'll make the next paycheck."
... what school doesn't teach you
  • "In school we're taught how important individual test scores are and how smart you are. In the real world you're not doing anything alone. It's how well you serve on a team and how you empower others."
... the problem with quarterly earnings reports
  • "Business models are changing. You need long-term investment and long-term thinking in order to be sustainable over the long-term. You can manage quarter to quarter and miss the long term."
  • "We're working with a lot of businesses to move away from this shorter focus, which drives bad behavior. If you want to hit your quarterly earning, you stop providing education, and you stop investing in innovation. "
Guests in line for the Axios360 News Shapers. Photo: Chuck Kennedy for Axios

Thank you Bank of America for sponsoring this event.

Go deeper

47 mins ago - World

Jimmy Lai among Hong Kong pro-democracy leaders sentenced to prison

Students standing under a banner during a flag raising ceremony on the first annual National Security Education Day in Hong Kong. Photo: Vernon Yuen/NurPhoto via Getty Images

A Hong Kong court sentenced a group of the city's most prominent pro-democracy activists to up to 18 months in prison Friday for organizing a massive unauthorized protest in August 2019 that drew an estimated 1.7 million people, AP reports.

Why it matters: Critics say the sentences send the message that even peaceful pro-democracy activism will be severely punished. They mark a continuation of Beijing's overhaul of Hong Kong's political structure, designed to crack down opposition to the Chinese Communist Party.

Local news moves to the inbox

Illustration: Annelise Capossela/Axios

A slew of new companies are launching platforms for local newsletters, a shift that could help finally bring the local news industry into the digital era.

Driving the news: Substack, the email publishing platform for independent journalists, on Thursday announced a new local news platform.

J&J vaccine pause hurts its reputation

Reproduced from Economist/YouGov poll; Chart: Axios Visuals

Americans' confidence in the safety of Johnson & Johnson's coronavirus vaccine took a big dip this week after the pause in its use, per new YouGov polling, even though the risk of blood clots following the shot is extremely low, if it exists at all.

Why it matters: For the majority of people, particularly high-risk Americans, getting the J&J shot is almost certainly less dangerous than remaining vulnerable to the coronavirus.