Technology’s impact on future employment will be significant and no nation is adequately prepared. The digital revolution, like the industrial revolution before it, is transforming the labour market. Jobs are being lost to automation, with low-skilled roles most at risk. Yet, history shows that technology creates more jobs than it destroys, albeit in unpredictable ways. It’s crucial for governments to ensure that workers are equipped to seize these new opportunities.
The digital revolution is different from the industrial one in two significant ways. Firstly, the pace of change is faster than ever. Secondly, the impact is global. As a result, the transition could be particularly disruptive.
The best way to handle this change is to assist people in adapting. Governments should make it easier for people to work flexible hours, to help them balance work with further education or retraining. Lifelong learning should be encouraged, with education systems focusing on creativity and problem-solving skills that are resistant to automation.
Additionally, social safety nets need to be strengthened. In particular, governments should consider introducing a guaranteed basic income. This would provide a safety net for those unable to find work, while encouraging entrepreneurial risk-taking.
In conclusion, the digital revolution is a challenge that no country can afford to ignore. It’s time for governments to step up and prepare their citizens for the future of work.
Go to source article: http://www.economist.com/news/leaders/21594298-effect-todays-technology-tomorrows-jobs-will-be-immenseand-no-country-ready