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The 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 – 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
The Future of Work – Wages, income inequality, skills and transition
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
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
Future of Work in Canada – Which provinces are ready?
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
The Future of Work in the Automotive Sector – Deteriorating employment and working conditions.
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
The Future of Work – Four ways work will change
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
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