The Economist: the Future of Jobs (Penguin Specials)
At the same time, says Mr Spence, the mix of jobs available to Americans in the tradable sector including manufacturing that serves global markets is shifting rapidly, with a growing share of the positions suitable only for skilled and educated people. It argues that for much of its history America and to some extent other rich countries enjoyed the benefits of free land, lots of immigrant labour and powerful new technologies.
But over the past 40 years these advantages have faded and America has found itself on a technological plateau, he says. To the obvious question about the internet, he retorts that the web has provided lots of utility for users but much less in the way of profits—and relatively few new jobs.
Lowering this new natural rate of unemployment will require structural reforms, such as changing education to ensure that people enter work equipped with the sort of skills firms are willing to fight over, adjusting the tax system and modernising the welfare safety net, and more broadly creating a climate conducive to entrepreneurship and innovation.
None of these reforms is easy, and all will take time to produce results, but governments around the world should press ahead with them. As this special report will explain, the changes now under way will pose huge challenges not only to governments but also to employers and individual workers. Yet they also have the potential to create many new jobs and substantial new wealth. To understand why these changes are so exciting for some people and so scary for others, a good place to start is the oConomy section on the website of oDesk, one of several booming online marketplaces for freelance workers.
In July some , firms paid some 1. His marketplace takes outsourcing, widely adopted by big business over the past decade, to the level of the individual worker.
It is still small, but oDesk shows how globalisation and innovation in information technology, the two big trends that have been under way for some time, are moving the world nearer to a single market for labour. Much of the work on oDesk comes from firms in rich economies and goes to people in developing countries, above all the Philippines and India. So the movement of work abroad in search of lower labour costs is no longer confined to manufacturing but now also includes white-collar jobs, from computer programming to copywriting and back-office legal tasks. That is likely to have a big impact on pay rates everywhere.
This is causing alarm among middle-grade white-collar workers in the rich world, who saw what happened to manufacturing jobs in their economies. But workers in emerging markets who have those sorts of skills and qualifications are delighted. Conversely, Janet Vetter, who used to have a full-time job as a copywriter for a magazine in New York, lost her job and now moves between part-time and freelance work.
Cheap future group jobs deals
It is tempting to think of the globalisation of the labour market as a zero-sum game in which Mrs Kamal in Pakistan is benefiting at the direct expense of Ms Vetter in America. A better explanation, they say, is the theory of comparative advantage, one of the least controversial ideas in economics, which suggests that free markets make the world better off because everyone can concentrate on doing what they are best at. A global labour market will not make every individual in the world better off: there will be losers as well as winners.
All the same, a global labour market will not make every individual in the world better off: there will be losers as well as winners, and they may put up stiff resistance to change if the losses prove too painful. Yet the political implications of such mass migration make it improbable that governments, especially in rich countries, would unconditionally open their doors. Compared with previous bursts of global integration and technological upheaval, the changes now taking place in the labour market may produce an unusually large number of losers, partly because they have coincided with a particularly deep recession and partly because they are happening exceptionally fast.
The priority for policymakers must be to keep the number of losers as small as possible. In short — we need to distinguish between the rhetorical claims that technological change will bring openness along with it, and the far more sustainable claim that technology will probably only have openness enhancing benefits in a world where we are already dealing with the underlying power relations. Openness in this context is ultimately about promoting competition, not protecting equality in any traditional sense; it has little to say about entrenched systems of economic privilege, labor rights, fairness, or economic redistribution.
Despite enthusiastic commentators and their hosannas to democratization, inequality is not exclusive to closed systems. Networks reflect and exacerbate imbalances of power as much as they improve them. If BoingBoing socialism is ever going to approximate actual socialism by which I mean egalitarian social democracy , these are the problems it has to deal with. William Timberman They forget the tens of millions of Americans who only sign on once every few months, or who never signed on at all. Because then, to them, it just disappears. They forget that others will note that facebook is censoring, and that a those discussions will just move elsewhere, where they cannot influence the discussion in any way whatsoever.
Waiting for Godot Russell L. Carter And this is supposed to happen in a plutocrat funded global surveillance environment, how? China and Russia would be two petri dishes, and they are not looking promising. The opposite, in fact. Joseph Brenner I could believe some argument based on economies of scale in software development favoring fewer, big players— a lot of us, myself include, end up with gmail in part because open source webmail remains very clunky and the run-your-own-mail-server solutions I favor is just annoying enough….
I want to make a very tiny, digressive point, totally unconnected to this excellent analysis. Just an observation about Facebook. WeChat is 10, times easier to use and less obtrusive that Facebook, which is why nearly every American expat I know, like me, winds up coercing his or her friends and family back home to sign up. John Quiggin I have to concede that Google is doing a great job of reducing the consumer surplus it generates while increasing its profits. Still, the gap remains large.
Collin Street Once you make that critical decision it all flows from there. I am reasonably convinced that at least part of the reason that the IPv6 rollout has been slow-walked is opposition from spooks who really do not want the decentralised — untrackable — possibilities that IPv6 offers. The cryptic and the metaphorical perform the impossible trick; they freight each word so that not so many are necessary.
If comprehension suffers as a result, well for that we have professors, no? Oh, yes…. Tongue in cheek, you understand, but not entirely so…. In any event, applause for your subtlety. Watson We walk away. I have my doubts thats a real technical show-stopper— you can map multiple domain names to one IP address via name-based virtual hosting, for example. Peter Dorman The main point in the OP has been made previously in the context of labor-managed firms.
One prominent answer, e. Game theorists were all over this 30 years ago, if I remember correctly. No, I accept that. Wrong in the sense that this is epiphenominal, not the core reason one sees something that looks like a firm in all sorts of economic and cultural environments for thousands of years. To put it differently, firms exist to enable the formulation and implementation of plans. As far as I can tell, Coase never had a clue.
- Moody River: “SOME OF THE MANY FACES OF THE RIVER DERWENT, HOBART, TASMANIA.
- Night of the White Deer.
- The Economist;
- Theorising Transnational Migration: The Status Paradox of Migration (Routledge Research in Transnationalism)?
But he did make giant contributions to the understanding of other problems. Chet Murthy But to -engage- readers, you must both discern what they wish to read, and have a way of finding it for them. Hey presto, search engine indexes! And from there comes the death of decentralization. Let me say it differently: one could have imagined a Skype-like app that you installed, and on which you tweeted, blogged, and shared photos ignore backup, fault-tolerance — they can be fixed. Home Comments policy Subscribe. Benkler, Coase and efficiency Ronald Coase whom I met once — he was terrifyingly sharp, even in his 90s was one of the founders of the new institutional economics.
Bargaining, Coase and politics So what does this mean for BoingBoing socialism? Digital Advertising. Exceptional Women. Experiential Marketing. Fake News. Formula One.
Future of TV. Game of Thrones. Header Bidding. Independent Influence. Influencer Marketing. Just Eat. Marketing Guides.
The Economist: The Future of Jobs: The Great Mismatch - The Economist - Google книги
Mothers Day. Native Advertising.
Not on the High Street. Outdoor Advertising.
Paddy Power. People on the Move. PR Stunts.