How technology increases unemployment rate-2030

We are living through a fundamental transformation in the way we work. Automation and ‘thinking machines’ are replacing human tasks and jobs, and changing the skills that organisations are looking for in their people. 

These momentous changes raise huge organisational, talent and HR challenges at a time when business leaders are already wrestling with unprecedented risks, disruption and political and societal upheaval.

“So what should we tell our children? That to

stay ahead, you need to focus on your ability to continuously adapt, engage with others in that process, and most importantly retain your core sense of identity and values. For students, it’s not just about acquiring knowledge, but about how to learn. For

the rest of us, we should remember that intellectual complacency is not our friend and that learning – not just new things but new ways of thinking is a life long endeavour.”

The future of work asks us to consider the biggest questions of our age. What influence will the continuing march of technology, automation and artificial intelligence (AI) have on where we work and how we work? Will we need to work at all? What is our place in an automated world?

Many commentators focus on technology and the role that automation is predicted to have on jobs and the workplace. We believe the real story is far more complicated. This is less about technological innovation and more about the manner in which humans decide to use that technology.

The shape that the workforce of the future takes will be the result of complex, changing and competing forces. Some of these forces are certain, but the speed at which they unfold can be hard to predict. Regulations and laws, the governments that impose them, broad trends in consumer, citizen and worker sentiment will all influence the transition toward an automated workplace. The outcome of this battle will determine the future of work in 2030.

When so many complex forces are at play, linear predictions are too simplistic. Businesses, governments and individuals need to be prepared for a number of possible, even seemingly unlikely, outcomes.

• Technological breakthroughs

Rapid advances in technological innovation

Automation, robotics and AI are advancing quickly, dramatically changing the nature and number of jobs available.

• Demographic shifts

The changing size, distribution and age profile of the

world’s population.

• Rapid urbanization

Significant increase in the world’s population moving to live in cities.

• Shifts in global economic power Power shifting between developed and developing countries

Autonomous intelligence, being developed for the future, establishes machines that act on their own. An example of this will be self‐driving vehicles, when they come into widespread use.

Some optimists believe AI could create a world where human abilities are amplified as machines help mankind process, analyse, and evaluate the abundance of data that creates today’s world, allowing humans to spend more time engaged in high‐level thinking, creativity, and decision-making.

Future

Adaptive continuous intelligent systems take over decision‐making. The future of humans at work is questioned.

Technology has allowed tiny businesses to tap into a vast reservoir of information, skills and financing that used to be available only to large organisations. Through the use of technology, small has become powerful.

Business fragmentation:

Small is powerful.

Large businesses lose their dominance as customers seek relevance and organisations find scale a burden rather than a benefit. Social bubbles and affinity groups take on a new importance. Many could not exist without digital platforms.

Collectivism:

Fairness and equality dominates.

The common good prevails over personal preference, e.g. collective responsibility for the environment, social good and ‘fairness’ over individual interest.

Individualism:

Where ‘me first’ rules.

A focus on individual wants; a response to the infinite choices available to consumers.

Corporate integration:

Big business rules all.

Companies get bigger and more influential the biggest have more sway than some nations. Brands span many business areas.

??Amran Bhuzohera