The Future of Work & Economic Development

Aileen Murray Ec.D.(F)mellormurray@gmail.com@mellormurray

Photo: Bloomberg.com

3 Forces

Technology The Sharing EconomyBusiness

Model Evolution

Tech is killing jobs Productivity decoupled from jobs

p Productivity p Profits % of GDP q Wages % of GDP q Median income in US

Jobs that can be automated are vulnerable

Luddites

1812 2015Art/ Photos: mazmanalli.wordpress.com, theatlantic.com

Jobs replaced by computersPeople excel in social intelligence, creativity,

perception and manipulation

The Future of Employment: How Susceptible are Jobs to Computerization, C. Frey, M. Osborne, Sept. 17, 2013

Robots don’t buy carsHenry Ford & Walter Reuther

Detroit Industry, Diego Rivera @ the Detroit Institute of Art

Business Model Evolution

PWC: The Future of Work: The Journey to 2022

Blue

Green

Orange

3 Worlds of Work

Orange: Small is Beautiful

Outsourced work Specialized teams and

independent workers Virtual collaboration

http://www.microentrepreneur.biz/wp-content/uploads/2015/01/itunessubscribe.jpg

The Independent WorkerGoods & Services

Sharing EconomyBusinesses, assets, funding, tools

Workforce Implications

• Jobless recovery• New jobs• Keeping current• Helping companies adapt and compete

Education Implications

• More important than ever before• Identifying needed skills• STEM• Technology foundation

EntrepreneurshipGrowing share of employment

• Start ups & scale up

• Business planning, strategy, sales & marketing, accounting, technology, soft skills

• Incubators, mentors, networks, co-working, 3rd places, pop up stores

Tax and PolicyImplications

• Assessment base• Government regulations

challenged• Precarious employment• Social safety nets

Infrastructure & Placemaking

• Connectivity key • Businesses, residents more

mobile• Quality of place, community

connection important

MeasurementBeyond jobs and assessment

Managing complexity as well as ambiguity will have the single biggest impact on the way we work over the next 10 years.

The Future of Work: A journey to 2022 PWC

Reflections

Technology: creative destruction, infrastructure, education

Business Model Evolution: new models, different success measures

Sharing Economy: independent workers, policies, placemaking

Photo: www.manuscrypts.com

Thank you!

Aileen Murray Ec.D.(F)mellormurray@gmail.com@mellormurray

Photo: Bloomberg.com