More on the Changing Job Market

This quote from a Forbes article got my attention

… Thomas Frey of the DaVinci Institute suggests that over 2 billion (jobs in categories now common) will not exist by 2030.  Richard Foster at Yale University predicts that, by 2020, three quarters of the S&P 500 will be companies we’ve never heard of.

This does not mean that the world will have 2 billion jobs less than we have now,. It does mean that those 2 billion new jobs will require different skills for folks doing different things.

The underlying premise of the article is challenging

 Much like computers from the 1970’s, today’s corporations are designed to perform batches of rote tasks, rather than imagine new ones.  Clearly, we need to change how our enterprises function.

In other words, we need to re-think how to promote learning within institutions.

The above scenario is repeated in Rita Gunther McGrath’s book “the End of Competitive Advantage”. She writes

we are starting to see a two-part world. For some people, the end of competitive advantage is going to mean painful downward adjustments in what they can aspire to at work because they don’t possess rare or valuable skills.  They are likely to be vulnerable to organizationw’ ruthless trimming fixed costs to maximize their own flexibility. For people with valuable, rare or in-demand skills, however, the rewards are likely to be rich indeed.


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