This is the Final Project for the Course "The Future of Work: Preparing for Disruption", sponsored by World Bank and Korean Ministry of Economy and Finance

1. The Future of Work
Source: https://bit.ly/2m3LPi0
Seeking a job in 2050

2. Jobs in 2050
 Work per hours
 High relevance of soft-skills
 All hirings are managed
thorugh digital platforms
 People will have 2 or more
Jobs (Gig Economy is the new
normal)
 High job polarization
 Humans and machines are
the same in labor markets
 High degree of informality
 Gender equality doesn’t
matter
 No significant labor
legislation updating
Why?
Automation
Innovation XLack of Quality
Institutions
No focus on high
quality Human K
Inefficient
Social
Protection
Systems

3. Some facts and insights
• The nature of work is changing and the way we work will change dramatically in the future.
• Technological change and business digitalization are some of the causes.
• New skills and abilities will be needed to face business challenges (WDR 2019, World Bank).
InnovationInstitutions
Social ProtectionHuman Capital
• Legislation is not in line with technological changes and
new ways of doing business through platforms and
apps (WB, 2019)
• Labor contracts are not stable and trends such as gig
economies are generating instability (ILO, 2017)
• Advances in IA, Robotics, Big Data and other
tecnologies are generating high efficiencies (WEF, 2017)
• Between 50-70 million Jobs will be cut to 2050 because
of automation (McKinsey, 2017)
• Trends like ageing population, migration and
urbanization will shape the labor force composition
(UN, 2018)
• 6 of 10 adults have no digital and ICT skills, which are
necessary for the future Jobs (OECD, 2019)
• Between 1.5-2 billion people are still working in the
informal economy (ILO, 2018)
• Current social protection schemes are designed for
lifelong and stable Jobs with fixed incomes (World
Bank, 2019)

4. Necessary Elements to Succeed
Strong Public Policy
Foster Business Innovation, Creativity and
Entrepreneurship to Create More Jobs
Strength Human Capital and Lifelong
Learning for Everyone
Strong Institutions, Rules of Game and
Contextualized Labor Legislation
Universal and Progressive Social Protection
and Assistance

5. Our future can be built. Let’s make one that worths, for all and each one of us.
Source: https://bit.ly/2kJKP2B
Our Future