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future of work
The Future of Work – Fostering the benefits of new technologies requires good measures of their impact
The new technologies hold promises but also significant challenges. Advances in digitalization, artificial intelligence, and automation promise to raise productivity and growth, but they are also bound to reshape the economy and the way we work, with the potential to increase inequality. Given the dimension of the possible changes, it will take a comprehensive and … Continue reading
The Future of Work – A human-centred agenda needed ILO says
The ILO Global Commission on the Future of Work has called on governments to commit to a set of measures in order to address the challenges caused by unprecedented transformational change in the world of work. Co-chaired by South African President Cyril Ramaphosa and Swedish Prime Minister, Stefan Löfven, the commission outlines a vision for a … Continue reading
The Future of Work – President Obama’s top economic adviser on policies
Jason Furman, president Obama’s top economic adviser explains which policies could help workers succeed in an era of globalization and automation. McKinsey: What can be done to alleviate the downsides of globalization? Jason Furman: The most important thing we can do is to equip people to succeed in a world with globalization, a world with artificial intelligence … Continue reading
The Future of Work – Five policies to help the middle class from displacement
A range of sensible policies at the federal and state levels can help limit worker risks of displacement and support adjustments when such displacements occur. Education for 21st century skills For instance, students at all levels of education will need better preparation in what are often called “21st century skills.” These include communication and a … Continue reading
Germany – How the future of work is tackled
Digital technologies could have a disruptive effect on future jobs, as well as on the tasks performed by workers and the skills required of them. There may be an even stronger demand for highly skilled workers, but the outlook for those in medium-skilled manufacturing who hold vocational training degrees is more unsure. This is seen … Continue reading
The Future of Work – New education models for extending the principle of dual education
How should educational systems and school-to-work transition (SWT) regimes be modeled to better serve the needs of Industry 4.0? Although a high level of general education will be important for its training content to develop adaptability, it is not the only component to develop. What will be increasingly important are the work-related skills. This will … Continue reading
The Future of Work – We will need to institute retraining of workers on a scale we have not seen for generations
We find a long historical record of innovation that shows technological change has been overwhelmingly positive for productivity and surprisingly benign when it comes to employment. Job displacement has occurred in waves, first with the structural shift from agriculture to manufacturing, and then with the move from manufacturing to services. Throughout, productivity gains generated by … Continue reading
Future of Work – The impact of the new technologies on labour markets and income distribution is not predetermined UN says
There are many concerns that technological innovation will lead to increased unemployment, suppressed wages and greater inequality. However, the impact of the new technologies on labour markets and income distribution is not predetermined. The right policy mix and institutional arrangements can ensure that the benefits of innovation are shared broadly, an essential step to achieving … Continue reading
Future of Work and the Skills Gap – A net positive outlook for jobs, while no less than 54% of all employees will require significant re- and upskilling by 2022,
As technological breakthroughs rapidly shift the frontier between the work tasks performed by humans and those performed by machines and algorithms, global labour markets are undergoing major transformations. These transformations, if managed wisely, could lead to a new age of good work, good jobs and improved quality of life for all, but if managed poorly, … Continue reading
The Future of Work – Organizations need to develop skills in employees that make them more marketable and employable inside and outside the organization
Structural changes in the labor market, including an aging population and the rise of the gig economy, have created a persistent skills gap for employers. This mismatch in talent has become a top challenge for businesses, educators, and policy makers. Businesses understand that a predictable supply of workers is critical to their growth and viability. … Continue reading
Future of Work and Worker Personality – Jobs that currently require more openness to experience or more emotional stability will be less susceptible to automatization
We present evidence suggesting that the so-called “fourth industrial revolution”, characterized by machine learning, big data, mobile robotics and cloud computing, may be skill-biased not only with respect to skills acquired through education, as available theoretical models and empirical evidence abundantly suggest, but also with respect to facets of noncognitive skills. Measuring the future direction … Continue reading
The Future of Work – Very challenging potential shifts in occupations
Building on our January 2017 report on automation, McKinsey Global Institute’s latest report, Jobs lost, jobs gained: Workforce transitions in a time of automation (PDF–5MB), assesses the number and types of jobs that might be created under different scenarios through 2030 and compares that to the jobs that could be lost to automation. The results … Continue reading
Future of Work – India at a crossroads
India is at a crossroads. It has the largest young workforce anywhere in the world, and is the fastest growing economy today. At the same time, the economy is not creating enough jobs, and therefore not fully harnessing its “demographic dividend” in preparation for the “Fourth Industrial Revolution”. To create more and better jobs, certain … Continue reading
The Future of Work – HOW PREPARED ARE WE?
The debate on the extent of job destruction due to automation can be imperfect science, involving a high degree of uncertainty and speculation. Most available evidence, however, highlights a need for policies that can shield specific population groups who are most vulnerable to technological unemployment or skills obsolescence. The ESJ survey data identify that lower-educated … Continue reading
The Future of Work, and Wages in Developing Countries – A bloating of service-sector employment and wage stagnation but not to mass unemployment
Automation is likely to affect developing countries in different ways to the way automation affects high-income countries. The poorer a country is, the more jobs it has that are in principle automatable because the kinds of jobs common in developing countries—such as routine agricultural work—are substantially more susceptible to automation than the service jobs—which require … Continue reading
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