Job-market polarisation is impeding class mobility. What does this mean for the future of management? This article is part of a series entitled “The Future of Management”, about how changes in culture and technology are reshaping what managers do. INSEAD professors Pushan Dutt and Phanish Puranam serve as academic advisors for this series.
The past four decades or so have been hard on those with dreams of climbing the socio-economic ladder. With social mobility having effectively ground to a halt in many of the world’s most advanced economies, divisions between the blue- and white-collar segments of society have clarified […]
The new Brookings Institution report on how automation will impact various employment sectors concluded with a set of suggested economic initiatives aimed at "mitigating coming stresses" as America moves into the age of AI.
Few could argue against investments in education and skills-retraining; and certain "uniquely human qualities" are of course worth fostering (although most universities are deemphasizing humanities).
So which of our qualities win the future of employment? It’s a question with which society has been grappling since the start of the Industrial Revolution. Any stressed-out workers in the most vulnerable occupational groupings — production (including manufacturing), food service, transportation […]
Developing countries must begin seriously considering how technological changes will impact labour trends. In the 21st century, governments cannot ignore how changes in technology will affect employment and political stability.
The automation of work – principally through robotics, artificial intelligence (AI) and the Internet of things (IoT), collectively known as the Fourth Industrial Revolution – will provide an unprecedented boost to productivity and profit. It will also threaten the stability of low- and mid-skilled jobs in many developing and middle-income countries. From labour to automation
Developing countries must begin seriously considering how technological changes will impact labour trends. Technology now […]
Klaus Schwab scares rarely back in front of a large comparison: After the Second world war, leaders from all over the world have met to design new institutional structures that enabled the post-war world, to work together to shape a common future, writes of the reasons of the Davos world economic forum, in its brief before the start of this year’s meeting, published the “Manifesto of Davos”. And now: The process from the time when half the world was in ruins, had to be urgently taken up again.
editor-in-chief of digital products.F. A. Z. TwitterHis justification for the severe […]
A take on some of the key features of the bad business utopias that are busy colonizing the future. Photo by Morsa Images/Getty Images The near future is more likely to be a neoliberal dystopia than the tech-enabled utopia conjured up by big business, writes Peter Fleming in The Worst Is Yet to Come: A Post-Capitalist Survival Guide . He argues that we need “radical pessimism” to aim for the future we actually want, and aids the effort with sardonic humor that skewers the mythologies of our exploitative economic system.
In 1949, the right-wing economist F. A. Hayek published […]
George Jetson at work NOTE: This is an excerpt of Planet Money’s newsletter. You can sign up here .
Two weeks ago, MIT’s David Autor gave the prestigious Richard T. Ely lecture at the annual meeting of American economists in Atlanta. Introduced by the former chair of the Federal Reserve Ben Bernanke as a "first-class thinker" who was doing "path-breaking" work on the central economic issues of automation , globalization , and inequality , Autor strolled up to the microphone with a big smile. His talk was about the past and future of work, and he focused especially on […]
We report from the CIPD 2018 conference on the changes in recruitment that will be created by AI technologies thereby reducing the skills gap. This article is taken from the latest issue of Relocate magazine. – the must read for HR, global managers and relocation professionals. Getting the right people in the right place at the right time is becoming more pressured. Survey after survey point to low applicant rates, high numbers of unfilled vacancies and skills shortages in key sectors. Brexit takes it to another level in some sectors. But could this be about to change? Ruth Holmes […]
For businesses, faster adaptation is the only way to keep pace as technology, education, and globalization are constantly changing the modern work culture. Getty Images
Today’s workforce is more complex and diverse than ever before. The concept of a career as a single linear path is long gone, as people from all walks of life forge new paths to economic and personal success.
For businesses, faster adaptation is the only way to keep pace as technology, education, and globalization are constantly changing the modern work culture. In particular, three trends – labor shortages, the gig economy, and automation – are redefining […]
Image credit: blueprint.cbre.com An IFR report states that a new record high of 381,000 collaborative robot (cobot) units were shipped globally in 2017, which is a 114 percent growth in the period 2013–2017. In sync with this global trend of the rapidly rising use of robotic process automation (RPA), even the small and medium scale enterprises (MSME) sector in India is witnessing a steadily increasing penetration of robotics.
The layperson thinks of a robot as a mechanical humanoid creature which may or may not be intelligent, but from the perspective of process automation, robotics comprise mechanical non-intelligent arms and bots […]
Nov 13 (IANS): As the world stands on the brink of the Fourth Industrial Revolution, powered by a wide range of new technology breakthroughs such as Artificial Intelligence (AI), Machine Learning (ML), advanced robotics, Internet of Things IoT), Cloud computing and 3D printing, major changes are expected in the labour market globally.
There will be reduced demand for middle-skilled workers doing repetitive tasks and increased demand for more highly-skilled workers — and also low-skilled workers doing non-routine work. While many developed countries, such as the US and Japan, as also several European economies, are already experiencing this polarisation, the labour […]