Job Market Monitor
future of work
Future of Work – New skills, but which ones?
To future-proof citizens’ ability to work, they will require new skills—but which ones? A survey of 18,000 people in 15 countries suggests those that governments may wish to prioritize. Some work will, of course, be specialized. But in a labor market that is more automated, digital, and dynamic, all citizens will benefit from having a … Continue reading
Future of Work and AI – Technology will disrupt labor markets by 2030, displacing millions but creating new opportunities
An in-depth analysis of the US, Germany, and Australia shows how technology will disrupt labor markets by 2030—displacing millions of workers but creating new opportunities as well. Looking at all of these factors gave us an aggregate impact of automation and economic growth on national workforces by 2030. Two economic forecasts, and three possible technology … Continue reading
Future of Work – Leveraging human potential : The World Economic Forum’s Report 2020
The COVID-19 pandemic-induced lockdowns and related global recession of 2020 have created a highly uncertain outlook for the labour market and accelerated the arrival of the future of work. The Future of Jobs Report 2020 aims to shed light on: 1) the pandemic-related disruptions thus far in 2020, contextualized within a longer history of economic … Continue reading
The Futures of Work and Education – What it can and can’t do
It is commonly assumed today that education is crucial for meeting the challenges concerning the futures of work. But education cannot make up for inadequacies in other policy domains that have caused and continue to cause declining job quality as well as mass unemployment and under-employment. We suggest that preoccupation with aspirational curriculum reforms like … Continue reading
Future of Work in Canada – Enhance the adaptation of the labour force
Achievement of a decent level of growth in Canadian per-capita incomes in the years ahead depends crucially on an increase in the number of hours worked relative to the size of our population—and even more importantly on the quality of output from each of those hours. Like a steady drip, Canada’s labour force participation rate … Continue reading
Future of Work in BC – Options for building a resilient labour force
With the rapid growth of automation and technological advancement, the skills and competencies required across British Columbia’s economic development regions are evolving. As the province shifts towards a more digital, knowledge-based economy, it is important to consider the development of BC’s labour force. While there are a number of initiatives targeting the next generation of … Continue reading
Skills and the Future of Work – Forecasts of extremely rapid change are not based on empirical record
In this paper, existing evidence on levels of job skill requirements is examined to provide an understanding of historical trends and current levels. It also provides a frame of reference for evaluating predictions regarding future changes in job skill requirements. High levels of inequality accompanied by changes in technology, employment relations, and the global division … Continue reading
COVID and the Future of Work – Transforming our work, workforce, and workplace
The trends around future of work are leading to an unleashed organization, connected on digital platforms, and able to work anywhere at anytime. These changes are impacting all industries as advances in technology fundamentally change the work itself, who does the work, and where it needs to be done. An organization with a Future of … Continue reading
Future of Work – What are the prospects for improving the lot of US workers?
What are the prospects for improving the lot of US workers in the 21st century? This introduction to the topic examines the most important US labor market trends of the late 20th and early 21st centuries, considers their causes and likely future trends; and then explores policies that might improve these outcomes. The most important … Continue reading
The future of Work in Turkey – Average levels of automation are 20 to 25 percent by 2030
A new report, Future of work: Turkey’s talent transformation in the digital era, dives deeper on the issues. It examines the impact of productivity growth driven by automation, AI, and digital technologies on different sectors and occupations. It also addresses the opportunities that will emerge to transform Turkey’s talent marketplace and the challenges that the … Continue reading
Future of Work – Demand for both “digital” and “human” factors is driving growth
The Fourth Industrial Revolution is creating demand for millions of new jobs, with vast new opportunities for fulfilling people’s potential and aspirations. However, in order to turn these opportunities into reality, new sources of data and innovative approaches to understand emerging jobs and skills, as well as to empower effective and coordinated large-scale action are … Continue reading
The future of Work – The new social contract in the 21st century
In a report, The social contract in the 21st century: Outcomes so far for workers, consumers, and savers in advanced economies, the McKinsey Global Institute takes an in-depth look at changes in 22 advanced economies in Asia, Europe, and North America, covering 57 percent of global GDP. Among the findings: while opportunities for work have … Continue reading
The Future of Work – Three challenges and a government blueprint
Digital and artificial intelligence technologies will likely have a substantial economic and social impact. Governments can act now to create shared prosperity and better lives for all citizens. Three challenges While automation has the potential to boost economic growth, it poses some key challenges to the nature of work. The public senses this shift. In … Continue reading
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
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