The Future of Jobs
In the late 1990’s less than 700,000 industrial robots existed in the world. Today, there are more than 1.8 million, and the number is estimated to reach 2.6 million by 2019, according to the PwC CEO Survey of 2017. During the upcoming years, half the jobs that exist today can be expected to either disappear or change significantly. The reason is that digitalization and the rapid gains made in robotics are creating a massive shift in the labor market. Dr. Sanandaji has co-authored the book Framtidens Jobb (The Future of Jobs), which has gained attention in the Nordics for its systematic approach in analyzing how the jobs of the future are shaped by technological change. Previously, automatization has mainly affected jobs in manufacturing, farming, mining, and forestry. The rise of intelligent computer systems is today putting pressure also on skilled office-jobs.
How can the labor market adapt to the disruptive changes brought on by new technology? Where are the jobs of the future to be found? How do societal shifts – such as increased global competition, urbanization, and increased specialization – change the way we need to approach labor markets?
There are no simple answers to these questions. However, as old jobs disappear, new ones are also created. History teaches us that technological disruptions tend to be additive rather than simply destructive. For policymakers to navigate this terra incognita of the future of jobs, Sanandaji Consultancy has been mapping out the trends in detail, enabling us to advise on the do’s and dont’s of future labor market policies as well as business HR practices.