Job Market Monitor
future of work
Future of Work – The challenge is not that they create too few jobs, but rather that too few workers have the skills
The challenge that all new technologies pose is not that they create too few jobs, but rather that too few workers have the skills to fill them. Just as some jobs benefit from the new technologies, while others become obsolete, so, too, some skills become more valuable, while others are substitutable. The automobile boosted the … Continue reading
Future of Work – 18 to 34 hold almost 40% of the US jobs that could disappear in the next decade
With each passing year, parents are getting more worried about how their children will fare once it’s time to take that step from school to the workforce. They have good reason to fret. Some 17 million Americans under age 30—about one third of the under-30 population—are saddled with student debt. Many are worried about their … Continue reading
Future of Work and Mega Trends – How do you feel about them ?
Technological breakthroughs Rapid advances in technological innovation Automation, robotics and AI are advancing quickly, dramatically changing the nature and number of jobs available. Technology has the power to improve our lives, raising productivity, living standards and average life span, and free people to focus on personal fulfilment. But it also brings the threat of social … Continue reading
Work Futures – Disruptive automation is the number one cause
Economics is driving changes in work practices and productivity pushed forward by growing use of artificial intelligence, demographic changes and business model changes. Disruptive automation is the number one cause of this dramatic shift especially since technology engaged and enabled Millennials, will be the majority in the global workforce very soon. Chosen excerpts by Job … Continue reading
The Geography of the Future of Work in US – A mosaic of local economies on diverging trajectories
A new report from the McKinsey Global Institute, The future of work in America: People and places, today and tomorrow (PDF–4.41MB), analyzes more than 3,000 US counties and 315 cities and finds they are on sharply different paths. Automation is not happening in a vacuum, and the health of local economies today will affect their … Continue reading
Future of Work – Computerization of white collar jobs
For centuries, advances in labor-saving technology have been met with fear that such technology will eliminate jobs. In the computer era, seminal work by Autor, Levy, and Murnane (2003) clarified that certain jobs are most at risk from technology, in particular so-called routine jobs which are made up of tasks most easily substituted for by … Continue reading
The Future of Work and Skills – The case of the South Eastern Europe and Turkey (SEET), Eastern Partnership (EaP), Southern and Eastern Mediterranean (SEMED) and Central Asia
The objective of this Issues Paper is to analyse the impact of global developments on skills demand in the ETF’s partner countries and discuss implications for policy reforms to manage the transition of education, training and lifelong learning systems of the future. A team of international and national experts contributed to the paper by (i) … Continue reading
The Future of Work and Skills Acquisition – A shift in mindset is needed
With rapid changes—both technological and in the organization of work—this new study finds that workers are extremely concerned about the profound impact of technologcal changes in their jobs (and whether they will even have a job in the future), with two-thirds of respondents seeing their job changing significantly at least every five years because of … Continue reading
Future of Work and Anxiety in Canada – Who is fearful of automation ?
Who is fearful of automation and what do they want politicians to do about it? This paper finds a correlation between Canadians’ fear of job losses from automation and populist and nativist views—but also that Canadians favour traditional government policy approaches to job disruption, such as retraining, more than radical measures such as reducing immigration. … Continue reading
Future of Work – Voices of Youth
What are young people’s hopes and vision for the Future of Work? Students from the Graduate Institute of International and Development Studies, in Geneva, share their thoughts. Chosen excerpts by Job Market Monitor. Read the whole story at International Youth Day: Voices of Youth on the Future of Work
Future of Work – The macroeconomic consequences of digitalization
Computing power continues to grow at an enormous rate. Simultaneously, more and better data is increasingly available and Machine Learning methods have seen significant breakthroughs in the recent past. All this pushes further the boundary of what machines can do. Nowadays increasingly complex tasks are automatable at a precision which seemed infeasible only few years … Continue reading
Future of Work in UK – The demographic changes
The Youth Commission aims to find ways to improve education and employment opportunities for England’s 16-24-year olds. Its first report identified five key challenges: • Better supporting 700,000 young people not in education, employment or training; • Increasing the number of young people qualified to at least Level 3; • Improving attainment in literacy and … Continue reading
The Future of Work – This time is different
There are several reasons why current technological progress differs from the past. Innovation cycles are faster. Firms can engage in rapid product prototyping and marketing. Many organisations are less dependent on a core workforce, as they can draw on the power of the crowd and online (platform) labour. The digital world also allows for fast … Continue reading
The Future of Work – The case of India
The overall job landscape in the country is evolving rapidly. Current job surveys that focus on employment in the traditional sectors no longer provide an accurate representation of job creation. Growth of e-commerce and technology-based sectors is leading to the creation of new job ecosystems, which are becoming a large sources of employment. Informal employment … Continue reading
The Future of Work – How does technological change affect the labour market?
Technological change has major implications for the labour market (Figure 2.1). It affects the volume of work available, the nature of work, and pay rates for different workers, and it can be very disruptive. The impacts of technological change can be complex to disentangle, for several reasons. First, more than one impact can occur at … Continue reading
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