This sixth report in BCEC’s Focus on the States series looks at the changing nature of employment, the quality of work, and considers the role of technology in the jobs of the future. The report also sheds light on patterns of employment and hours worked across industry sectors, and brings empirical evidence to bear on the extent to which our work patterns are likely to evolve into the future.
The report highlights the critical imperative to ensure that workers – particularly low- skilled men – can access retraining and education opportunities that smooth their transition to new, higher skilled jobs, or into other forms of employment.
The share of robots to employees in Australia has tripled in the last 20 years, but still lags substantially behind the US and Europe. This suggests that Australian businesses have the capacity for a signi cant expansion of automation to take on tasks currently delivered by people. Estimates suggesting that up to 4 in 10 jobs are likely to be ‘eliminated’ or replaced by automation are overstated. The report also considers the important role for education and training in preparing for tomorrow’s world of work, and in capitalising on the bene ts of increased automation and arti cial intelligence (AI).
In moving towards the labour market of the future, there will inevitably be a transformation in the nature of work, and the workplace. We can expect ‘traditional’ jobs and workplace orthodoxies to give way to new ways of working, and modes of employment. People are likely to change jobs more regularly in the future, to work fewer hours, or to hold more than a single job at any point in their working career.
But the workplace of the future, and the opportunities it a ords to businesses and society, comes with responsibilities and risks. One of the greatest challenges in preparing for the future of work is to ensure that no one is le behind. The report nds that job insecurity has risen in recent years, more so among men. Men are also working fewer hours, and real growth in hourly pay has stalled since 2014, particularly among labourers, and machinery operators and drivers.
Freelancers and independent contractors generally don’t benefit from the employment protections a orded to permanent or xed-term employees. As a freelancer, if you’re sick, you don’t earn. And freelancers or own-account workers bear the full responsibility – and cost – of saving for retirement.
Our report develops a unique index of precarious employment for Australia, combining indicators of job insecurity, employment conditions, irregularity of employment and lack of control of work-life balance. We find that precarious employment has increased for both genders since 2009, but more rapidly for men than women.
The services sector continues to grow as a major player in Australia’s future of work, something that is reflected in an exceptional growth in higher education enrolments in fields of health, medical sciences and education.
The Future of Work in US – How to rebuild the links among work, opportunity, and economic security for all Americans in the face of accelerating change
The challenge facing the United States today is to rebuild the links among work, opportunity, and economic security for all Americans in the face of accelerating technological change. The world is in the midst of a transformation in the nature of work, as smart machines, artificial intelligence, new technologies, and global competition remake how people … Continue reading
Future of Work – Between 75 million and 375 million people around the world may need to change occupation and acquire new skills by 2030
Our starting point is the new MGI report on the future of work, which is called Jobs lost, jobs gained: Workforce transitions in a time of automation. One of the major findings of the report is that between 75 million and 375 million people around the world may need to change occupational categories and acquire … Continue reading
In the aftermath of the economic crisis, few policy issues have attracted as much attention as skills development. Discussion has focused on the types of skills that employees need to ensure they can successfully navigate an ever-more demanding labour market, and those that employers need to have on hand to help them survive in an … Continue reading
For large shares of the population in the advanced economies, there has really been no positive movement or no sense of progress in terms of where their incomes have gone over the last one to two decades. When we looked at the data across the US as well as a set of European economies, we … Continue reading
Future of Work – Automation has not been employment-displacing but has reduced labor’s share in value added study finds
Is automation a labor-displacing force? This possibility is both an age-old concern and at the heart of a new theoretical literature considering how labor immiseration may result from a wave of “brilliant machines,” which is in part motivated by declining labor shares in many developed countries. Comprehensive evidence on this labor-displacing channel is at present … Continue reading
According to three recent studies, based on 2011 Census data from Statistics Canada (see Figure 1), predictions about the number of jobs threatened by automation range from 35 to 42 percent. The varying percentages result from di erent approaches to calculating the coming speed and pervasiveness of automation. Methodology aside, even at the low end … Continue reading
Future of Work – Automation is a threat to low-income Workers unless the education and workforce systems change
In order to help low-income workers weather the economic storm of automation, a number of changes to the education and workforce retraining systems are needed: 1. Better data must be provided so that practitioners and policymakers can predict and measure the impact of automation and adjust their training programs accordingly. These resources need to be … Continue reading
The Future of Work in Australia – Many jobs will get better, but we will need different skills to do them report says
Over the past 70 years, the nature of work in Australia has transformed. The rst major shi was a gradual transition in the industries Australians worked in. Jobs in construction, manufacturing, mining and agricultural decreased while service sector jobs increased and now employ 80 per cent of Australians. A second shift has been an increase … Continue reading
The future of the workforce is one of the biggest issues facing CEOs today. It’s abundantly clear to all that artificial intelligence, big data analytics, and advanced robotics make it possible for machines to take on tasks that once required a person to do them. How should companies prepare, strategically, to thrive in this world? … Continue reading
You’ve seen the headlines: “Robots Will Destroy Our Jobs—and We’re Not Ready for It.” “You Will Lose Your Job to a Robot—and Sooner Than You Think.” “Robots May Steal as Many as 800 Million Jobs in the Next 13 Years.” Such stories are tempting to take at face value. Who wouldn’t want to know if their … Continue reading
Some provinces, with more economic diversification or a concentration of workers in areas that are not very susceptible to automation, appear to be better situated for technological change than others, according to a new report from the C.D. Howe Institute. In “Risk and Readiness: The Impact of Automation on Provincial Labour Markets,” author Rosalie Wyonch … Continue reading
Eighty percent of Swedes express positive views about robots and artificial intelligence, according to a survey this year by the European Commission. By contrast, a survey by the Pew Research Center found that 72 percent of Americans were “worried” about a future in which robots and computers substitute for humans. In the United States, where … Continue reading
Future of Work in US – Roughly three-quarters of Americans think it’s realistic that robots and computers might one day do many jobs
Many Americans expect certain professions to be dominated by automation in their lifetime – but few see their own jobs at risk. Roughly three-quarters of Americans think it’s realistic that robots and computers might one day do many jobs currently done by humans, and sizable majorities expect jobs such as fast food workers and insurance … Continue reading
The Future of Work – Between almost zero and one- third of work activities could be displaced by 2030
In our latest research on automation, we examine work that can be automated through 2030 and jobs that may be created in the same period. We draw from lessons from history and develop various scenarios for the future. While it is hard to predict how all this will play out, our research provides some insights … Continue reading
Jobs matter. For almost all of us, they are more than a source of income, extending to the provision of opportunities for social interaction; a source of self-esteem; or a feeling of contribution to a profession or community. From an economy-wide viewpoint, growing employment rates and higher labour market participation are primary sources of improved … Continue reading
This summary report on the future of work in the automotive sector focuses on the major changes facing the sector. These include: the rise of emerging economies, new mobilities, the “greening” of the product, and the digitalization of production. This is in order to identify the main challenges for employment and industrial relations and to … Continue reading
Speakers at “The Future of Work,” an all-day symposium held at Stanford’s Frances C. Arrillaga Alumni Center on August 30, explored the changing workplace, new possibilities for higher education, and technology’s impact on careers and industries. The event, attended by about 300 people, was presented by Stanford Career Education and OZY EDU, the education arm of … Continue reading
The Future of Jobs – UK construction industry will need to reskill over 600,000 employees over the next two decades
We are finally on the cusp of the much-heralded fourth industrial age. The transformational technology that will bring about a new industrial revolution is already available, and across the global economy, businesses are beginning to leverage it to deliver huge productivity benefits. It doesn’t look so rosy everywhere. The UK construction industry’s lacklustre productivity levels … Continue reading
“Yes we can, but no we’re not” Just before the final plenary session, the conference’s ‘themeweaver’ Jacki Davis summarised three days of intense discussion on ‘shaping the new world of work’. “The stakes could not be higher,” she stated, in an economy witnessing increased robotisation and digitalisation. The reshaping of the world of work brings … Continue reading
The Future of Work – A false alarmism that contributes to a culture of risk aversion and holds back technology adoption
In this study we use a novel and comprehensive method to map out how employment is likely to change, and the implications for skills. We show both what we can expect, and where we should be uncertain. We also show likely dynamics in different parts of the labour market — from sectors like food and … Continue reading
The Australian Industry Skills Committee (AISC) commissioned the Future Skills and Training Resource to gather and analyse data on Australian and international megatrends, their potential impact on Australia’s future workforce and the implications for vocational education and training. It complements existing data sources and Industry Reference Committee (IRC) intelligence. It is a practical resource intended to … Continue reading
Future of Work in US – 58% say there should be limits on the number of jobs that businesses can replace with machines
Americans are apprehensive about a future in which machines take on more of the work now done by humans, and most are supportive of policies aimed at cushioning the economic impact of widespread automation, according to a new Pew Research Center survey. The vast majority of Americans (85%) say they would support restricting workforce automation … Continue reading
There is growing attention being paid to the future of work, and concern that changing work relationships—for example, independent contractors, contract agency workers, gig workers, app-based workers, etc.—are evolving faster than BLS can develop the tools to measure. How has BLS considered collecting data to document these forms of work? The main thing BLS has … Continue reading
Lifelong Learning – The future of learning is not in the classroom, with increased importance of “soft” attributes as collaboration, empathy, and meaning making
The future of learning is not in the classroom. It’s in the field—finding ways to do better while doing the work. This won’t happen by chance. You need to model learning behaviors and invest in the development of learning processes and tools. You need to take an appropriately humble stand about the challenges ahead—for you … Continue reading
The Future of Work – Artificial Intelligence (AI) won’t replace most jobs but people using it are starting to replace people who don’t
As AI is increasingly applied to knowledge work, a significant shift will likely take place in the workplace, affecting many jobs in the Western middle class. Contrary to recent dire predictions about AI’s effect on employment, our survey suggests cautious optimism. Most respondents, for example, do not expect that AI will lead to a reduction … Continue reading
Digital has already delivered a major blow to businesses slow to respond. There’s more to come. The very concept of work is being redefined as different generations enter and exit the workforce amidst a rapidly changing technological landscape. Responsive and responsible leaders at the very highest levels of the organization must act to harness the … Continue reading
Education and work in the Middle East and North Africa region will determine the livelihoods of over 300 million people and drive growth and development for generations to come. As one of the youngest populations in the world, it is imperative that the region make adequate investments in education and learning that hold value in … Continue reading
The Prime Minister of Sweden Stefan Löfven and the President of Mauritius, Ameenah Gurib-Fakim, along with the ILO Director-General Guy Ryder launched a Global Commission on the Future of Work today at the International Labour Organization’s headquarters in Geneva, Switzerland. Chosen excerpts by Job Market Monitor. Read the whole story at B-roll: Launch of the ILO’s Global … Continue reading
The Metro program has followed the lead of economists Daron Acemoglu and Pascual Restrepo who, in a recent paper, deployed sales data from International Federation for Robotics (IFR) to explore trends in the installation of robots in U.S. and international work places. Although Acemoglu and Restrepo’s paper has been controversial in its modeling of large … Continue reading
One clear lesson arises from our analysis: adaptability – in organisations, individuals and society – is essential for navigating the changes ahead. It’s impossible to predict exactly the skills that will be needed even ve years from now, so workers and organisations need to be ready to adapt – in each of the worlds we … Continue reading
What are the components that collectively constitute “the future of work”? Perhaps the logical place to begin is with the forces that are driving these changes (figure 1). Based on our experience and research, we have identified three forces that are shaping the nature of future work and the future workforce: Technology. Technological advances—for example, … Continue reading
The adoption of new technology and new work practices poses particular challenges to both business and policy makers. What are the key priorities they should look to address? Chosen excerpts by Job Market Monitor. Read the whole story at The digital future of work: Policy implications of automation | McKinsey & Company Related Posts The Future of … Continue reading
Technology experts and economists are engaged in a growing debate about the effect of automation technologies in the workplace. Some “techno-pessimists” are concerned about the mass destruction of jobs, while “techno-optimists” see considerable productivity gains for the economy that will in turn help create new work opportunities. Technology in the past has tended to create … Continue reading
For young people today, what’s clear is that they’re going to need to continue to learn throughout their lifetime. The idea that you get an education when you’re young and then you stop and you go and work for 40 or 50 years with that educational training and that’s it—that’s over. All of us are … Continue reading
Amazon’s $13.4 billion purchase of Whole Foods, announced Friday, could speed that vision along. Amazon has already made shopping for almost everything involve spending less time waiting, doing work or interacting with people, and now it could do the same for groceries. It’s already trying with a store in Seattle, Amazon Go, that has no … Continue reading