Interesting guest post by Stuart Phythian World traveller, writing & researching on #futureofwork impact of #digitaltrends#tech #AI & #100yearlife This year has seen, what appears to be, an unusually high level of soothsaying predictions on technological ‘Revolutions’, and how the

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This is not a post that can be skimmed quickly to pick up a few main points.  This one requires a full cup of coffee and some noodling time.  Based on Phythian’s premises and observations, whatever conclusions you draw will not be superficial.

Phythian suggests that we are experiencing a somewhat frenetic buzz about the effects of technological revolutions and the changing work place.  He identifies things like Artificial Intelligence replacing “50% of our jobs, “emerging new business models…such as Uber and Airbnb” replacing old ones, and Millenials impacting the working landscape.  While he acknowledges these concerns “may or may not be true,” he believes the frenzy “overlooks some major demographic changes occurring, both globally and in our backyards.”

The post goes on to identify some of these major demographic changes and discuss their impact on the future of work and our own competitiveness:

  • “There were approximately 200,000 UK Graduates in 2016 entering the job market, whilst there were 7.7 million Chinese graduates alone, more than seven times that of 15 years earlier!”
  • “The population of pensioners is increasing as we see the baby boomers begin to retire, putting pressure on those supporting them, either physically or fiscally. Currently, every pensioner across Europe is supported by four of working age. It’s forecast this will reduce by 2060 to one pensioner for every two of working age.”
  • “Two-thirds of baby-boomers are now expected to live past 80 years old…It’s conceivable that a majority of children born today could live to see 100 years…This has the potential to turn-around the traditional education, work & raising a family, then retirement at 60+ into considering a working life punctuated by sabbaticals and mid-career breaks.”
  • “Lifelong learning will be a necessity, especially in computing and related fields.”

He sums up his thoughts by saying, “We are right to be aware of new technological advancements. The challenges to bear upon us are far greater, by a rapidly ageing population, increasing global competition and the life we live from cradle to grave, as we expect to live for much longer.”

Maybe this one will take two cups of coffee.

Contact us and we can help you sort through the technology and work place changes that currently are impacting or have the potential to impact you and your business.