The Future of Work: Rethinking Fractional Employment, Diversity and Inclusion, UBI and Fixing the Broken Social Contract
Colin Ajit Rohan Smith
Exec Search | Zero-to-One Team Building | AI / ML · GTM · Eng · Ops
The world of work is evolving at breakneck speed, and with it, the rise of fractional employment is becoming increasingly prevalent. With technology enabling gig platforms, remote work, easy access to entrepreneurship and freelancing, we're witnessing a shift from full-time, stable jobs to a workforce that needs to be flexible and for some take on multiple positions. But as we embrace this change, we must address the underlying issues that have led us to this point, including the automation, the impact of COVID, lack of diversity and inclusion in funding, representation in leadership, and how shareholder capitalism has broken the social contract with workers and society.
Shareholder capitalism has prioritized profit maximization for the select few at the top, leaving workers to bear the brunt of the consequences. As companies scramble to cut costs, outsource, and automate, the gap between the haves and the have-nots continues to widen. The CEO-to-worker pay ratio is a stark reminder of this growing disparity. Keep in mind, the wealth of 651 billionaires is greater than the combined wealth of approximately half of the U.S. population.
Moreover, underrepresented groups, are still struggling to access funding and leadership opportunities, further exacerbating societal inequalities. It's time we address these issues head-on and work towards a more diverse and inclusive future in the world of work.
To create meaningful change, we must:
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As we navigate the rapidly changing landscape of work, let's collectively strive for a more inclusive, equitable, and empathetic future. The future of work is in our hands, collectively and it's up to us to ensure that it benefits everyone, not just a select few.
Join the conversation! Share your thoughts and experiences on the future of work and how we can create a more inclusive and equitable workplace for all.
About Me:
Colin Ajit Rohan Smith?is the founder of Talent Acquisition Firms?DiversityZoom?and?Frontier Talent AI. Both companies have missions that are focused on connecting diverse talent with the most innovative companies in the world.
Follow me on BlueSky @gamongold.bsky.social. Everything I post reflects my own opinions and values only, inasmuch as freewill exists.
1 年These are great points, but this shift requires more than a change in attitude. It requires structural change that currently there is no support for in political or business circles (which is the same thing really). The folks who are benefiting from this inequality are the ones who are making the rules.?
Executive Coach | Fractional HR Leader| DisruptHR Host Building Healthy, Profitable, & Inclusive Workplaces
1 年BOOM Spot on. Shareholder capitalism has prioritized profit maximization for the select few at the top, leaving workers to bear the brunt of the consequences.
Every person an entrepreneur
1 年Thank you for writing this. I know how much effort and courage it takes to put this kind of work out there. I also think you identify the problem very similar to how I see it- what you call "shareholder capitalism". I believe in a different nuance: instead of "dismantling", my work is focused on "reinventing" with a capitalist model of "every person an owner", i.e. every venture being majority employee-owned. When I see your list of suggestions, I'm afraid you're suggesting the creation of additional power-holders to govern, and to whom we must offer our supplications. Keep up the work!