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The Future of Work:
Are we Ready?
Onceupona
timeโ€ฆ
Butmorethan
anythingelseโ€ฆ
Now, โ€œFuture of Workโ€
is a thing.
Everyoneโ€™stalking
aboutit.
(Nearly 3 billion results? Mom and apple pie
together do not get you to 2 billion.)
Aquickpeek?
Manythreadsโ€ฆ
New York Times, Dec 11, 2017
1. Jobs, wages
& income
2. โ€œUnjobsโ€
3. Skills
(& Gaps)
Big Think, Michio Kaku, June 24, 2018
4. New Kinds of
โ€œOrganizationsโ€
Hilo Motion Pictures
And in NC?
(Member of state
workforce board)
Bigโ€œAhaโ€ฆโ€
People value stability and
increased wages over time. The
economy is creating the
opposite โ€“ lower wages,
volatility.
#FOW. Everyone
is talking about it.
No really.
Will,28.DrivesforUber&Lyft,
studiescomputerscience.Says
thefutureofworkisโ€œpeopleโ€“
companiescomeandgo.โ€
Will,28.DrivesforUber&
Lyft,studiescomputer
science.Saysthefutureof
workisโ€œpeopleโ€“
companiescomeandgo.โ€
โ€œYea,robots.McDonaldโ€™shasgot
them.Everybodyโ€™sgettingthem.โ€
Brittany
โ€œIfyoudonโ€™thaveahustle,you
arenโ€™tgoingtohaveajob.โ€
Dwight&Tanisha โ€œIf you donโ€™t have a
hustle, you arenโ€™t going
to have a job.โ€โ€Dwight & Tanisha
A tsunami of reports about AI, robotics,
machine learning, deep learning,
prediction machines, automation,
robotics, fourth industrial revolution or
[insert favorite phrase here].
1. Insurance underwriters
2. Bank tellers
3. Financial analysts
4. Construction workers
5. Inventory managers/stockers
6. Farmers
7. Taxi drivers
8. Manufacturing workers
9. Journalists
10.Movie stars
Curious?
Talkingpastone
another?
Accenture Survey (2018)
Auto Execs
ยง 84% say they will automate tasks or jobs to a โ€œlarge
or very large degreeโ€ over next three years. (75% say
industry will be โ€œtransformed.โ€)
ยง 2% plan to significantly increase investment in skills
training.
Auto Workers
ยง 2/3 of employees say โ€œintelligent machines will
make their jobs simplerโ€ and โ€œencourage
creativity and innovation.โ€
Positivestories,too.
Andscaryonesโ€ฆ
โ€œIt will soon be obvious that
half our tasks can be done
better at almost no cost by
AI.This will be the fastest
transition humankind has
experienced,and weโ€™re not
ready for it.โ€
So much noise.
So little signal.
In the next thirty or
ten or five years,
47%1 or 60%2 or
between 6% and
39%3 of jobs will
change, disappear,
or be automated.
1 Source:The Future of Employment (the famous Oxford Study, 2013)
2 Source: McKinsey Global institute: A Future that Works (report on automation of work, not jobs, 2017)
3 Source: Forrester Research: Future of Jobs (report on jobs, automation, and augmentation, 2017)
We can safely say that โ€œupcoming
workforce transitions could be very large.โ€
McKinsey,WhattheFutureofWorkwillmeanforJobs,SkillsWages(2017)
Thefuture? Less2.5Mtruckdriversof3.5Mtoday
MeetSam.
Some humans are fighting back.
But itโ€™s not just
automation.
Critical context:
Weโ€™re fragile.
Thestomachchurners.ยง 3.8% Unemployment, but dramatic rise in gig
economy: 54-68M workers lack benefits of โ€œjobs.โ€
(McKinsey, 2017)
ยง One in two Americans cannot cover a $400
unexpected expense. (Federal Reserve, 2015)
ยง College debt tops $1.3T (Federal Reserve, 2017)
ยง Income inequality higher than at any time in history
(Andy Sum, 2013)
ยง Half American families have no retirement savings, of
those who do, the median value is $5,000 (EPI, 2011)
ยง Income volatility is rising faster than income
inequality (Brookings, citing J. Hacker)
ยง Stock Market at record levels, but ยฝ working
Americans donโ€™t own any. And the wealthiest 10%
own 90% of it.
Afewfactsโ€ฆ
Wheretolive?
Agenerationago,
yourchancesof
doingbetterthan
yourparentswere
nearlydouble.
MajorEvent#1
(undisclosed
locationeast)
โ€œOne in seven Americans are likely to
lose their jobs.โ€
Famous Person
* Chris Hughes & the Stockton project do tie into policy.
MajorEvent#2
(undisclosed
locationwest)
โ€œItโ€™s not hard to imagine โ€“ a bobcat-bot,a
retail-bot,Siri โ€“ jobs for those displaced will
be the defining challenge of our time.โ€œ
Famous People
MajorEvent#3
(undisclosed
locationwest)
โ€œWe should have a program that trains people who are laid
off or at-risk being laid off for new jobs.โ€
Famous People in the Social Policy space (!!)
Enough.
Please.
Problem vs. Solutions?
What to do?
(Hmmmโ€ฆHow aboutโ€ฆ
#ACCP18?!)
1. Get real about transitions
(thatโ€™sonus,allofusโ€ฆ)
Solution#1:
Forgenewcareer
paths.
1. Get real about transitions
(thatโ€™sonus,allofusโ€ฆ)
Solution#2:Build
modernstudent
supports
Photo credit: Kim Oanh Nguyen photosbykim.com
Career Advising 2018?
https://www.spra.com/m-cam/
Solution3:
Leverage
Trident
Tech:Go
Public
https://youtu.be/GsJC7miO9oc
SanDiego:
Takeonthe
bigstuff
Awordabout
trainingโ€ฆ
โ€œGovernment has a huge role
to play:
1) We have to make benefits
portable.
2) Streamline but donโ€™t
eliminate the regulatory
environment.
3) Training โ€“ this is the one
Iโ€™ve seen the fewest good
answers for.
4) Housing in urban America.โ€
Jointhe
wider
ecosystem
ยงFlorida commissioned a report about what
employers want from workforce system, only 2/3
wanted help with hiring or training โ€œfull-time
employeesโ€ (not yet published).
ยงSamaschool and kin
ยงSo many WDQI states (e.g., Ohio Education
Research Center at โ€œtheโ€ OSUโ€)
ยงLearning platforms (General Assembly, Skillshare,
Western Governors University)
ยงInstitutional Innovators (Arizona State University,
Wallace Community College)
ยงOnline/Offline Networks (Meetups/LinkedIn)
ยงSBDCs, Public Benefit Corps, Intrastate investing,
localism, etc.
Since3500B.C.
Because the future is already hereโ€”itโ€™s just not very evenly distributed.
William Gibson
https://medium.com/the-tomorrow-project
Keepintouch!
Kristin Wolff, Social Policy
Research Associates (SPR)
@kristinwolff
Kristin_Wolff@spra.com
Your turn!

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Future of Work 2018 _ Closing Keynote