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The Future of work
The Future of Work – How automation could affect employment for women and minorities
Much has already been said about how automation and artificial intelligence will affect employment and wages. But what about the impact of these trends on women in the workplace? While many obstacles still stand in the way of gender parity, with the right policy actions by governments and businesses, women appear well placed to benefit … Continue reading
Future of Work, Intelligent Automation (IA) and Talents – 10 percent of companies held more than 30 percent of the job postings among the largest 100 US companies
Easing the pressure points: The state of intelligent automation, a new report by KPMG International and HFS Research, provides the data and research needed to help properly assess an organization’s progress on the intelligent automation (IA) journey. Based on a survey of nearly 600 business leaders across 13 countries, this report paints a clear picture … Continue reading
The Future of Work and Automation in England – 1.5 million people employed in jobs at high risk
The calculation of probabilities of automation for individuals on the Annual Population Survey (APS) allows us to produce detailed demographic breakdowns, by taking the average probability of automation within each demographic group. To produce probabilities of automation at four digit occupation level on the APS, we created a pooled dataset of seven years of APS … Continue reading
The Future of Work – Investing in human capital must be a priority says the World Development Report 2019
The World Development Report (WDR) 2019: The Changing Nature of Work studies how the nature of work is changing as a result of advances in technology today. Fears that robots will take away jobs from people have dominated the discussion over the future of work, but the World Development Report 2019 finds that on balance … Continue reading
Future of Work – 6 Key messages
Act now. This isn’t about some ‘far future’ of work – change is already happening, and accelerating. No regrets and bets. The future isn’t a fixed destination. Plan for a dynamic rather than a static future. You’ll need to recognise multiple and evolving scenarios. Make ‘no regrets’ moves that work with most scenarios – but … Continue reading
The Future of Work in US – Five policy strategies for adjusting to automation
Intended to clear up misconceptions on the subject of automation, the following report employs government and private data, including from the McKinsey Global Institute, to develop both backward- and forward-looking analyses of the impacts of automation over the years 1980 to 2016 and 2016 to 2030 across some 800 occupations. In doing so, the report … Continue reading
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 – The skill sets required in both old and new occupations will change
The Fourth Industrial Revolution is interacting with other socio-economic and demographic factors to create a perfect storm of business model change in all industries, resulting in major disruptions to labour markets. New categories of jobs will emerge, partly or wholly displacing others. The skill sets required in both old and new occupations will change in … Continue reading
The Future of Work – New technologies are first and foremost tools made by people for people
Professor Klaus Schwab, author of The Fourth Industrial Revolution, calls for leaders and citizens to “together shape a future that works for all by putting people first, empowering them and constantly reminding ourselves that all of these new technologies are first and foremost tools made by people for people.” Humans must be proactive in shaping this technology … Continue reading
The Fourth Industrial Revolution and VET – The case of Australia
Much discussion has occurred about the impact that technological disruption will have on the Australian workforce. A recent paper by the National Centre for Vocational Education Research (NCVER), Skilling for tomorrow (Payton 2017), examines the various ways by which the growth in technological advance is reshaping the labour market, workforce and jobs.Despite uncertainty about the … Continue reading
The Future of Work in US – Where the robots are
In a new paper out of the Metropolitan policy program, experts John Austin and Richard Kazis discuss rebuilding the rust belt workforce. They point out that many manufacturing hubs across the midwest have not recovered from the disruption of domestic manufacturing jobs. This shift has taken a hit on “employee-based safety net protections,” leaving workers … Continue reading
Skills and the Future of Work in US – Seven initiatives to transform workforce development
A wholesale reexamination of existing strategies and program administration is needed to enable individuals to pursue new opportunities and fuel the country’s economic growth. Federal and state governments are well positioned to serve as a catalyst for this effort by convening the right parties, aligning goals and incentives, and helping to scale promising efforts through … Continue reading
Future of Work – Four cures for automation anxiety
Last year, the Pew Center reported that 72 percent of Americans said they were worried about the impact of automation on jobs – this, despite the unemployment rate at the time being at a twenty-year low (and even lower since). The fears of a jobless dystopia are misplaced. Despite cyclical ups and downs, economies generate … Continue reading
The Future of Work, Dystopia or Utopia – Brookings Vice President Darrell West on the issue (video)
Emerging technologies like artificial intelligence and robotics will have a dramatic impact on the future of work. Already, today’s most valuable technology companies employ about one-fifth as many workers as the most valuable companies in the 1960s. Estimates of workforce displacement due to automation range from the OECD’s 14 percent of current jobs to the … Continue reading
The Collision of Demographics, Automation and Inequality – The deceleration in labor force growth in OECD countries could result in a $5.4 trillion GDP shortfall by 2030
Demographics, automation and inequality have the potential to dramatically reshape our world in the 2020s and beyond. Our analysis shows that the collision of these forces could trigger economic disruption far greater than we have experienced over the past 60 years (see Figure 1). The aim of this report by Bain’s Macro Trends Group is … Continue reading
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