It’s that time of year when the airwaves are filled with predictions. I launched my post on signals prior to the holidays, consciously avoiding the term prediction. Regardless of how I feel about predicting in the current environment, there are many thoughtful articles to consider. Here are several prediction articles that I have curated.Continue reading
We like labels. In this case, our current labor market dynamic has been called “The Great Resignation”. This article explores the current resignation phenomenon, providing great insight into why it is happening. There are several survey results presented via The Conference Board’s latest workforce survey. The high-level theme from the survey is that although it’s a culmination of a multitude of factors, employees are seizing this moment of leverage. But, as the article states, it’s also about workers’ pursuit of flexibility and autonomy.Continue reading
Conversations about work take many forms these days. Is remote work here to stay? What will a hybrid work model look like? Will we need to work in the future? In the short term, the pandemic has driven a focus on different models of working. In the long term, the polarized discussion centers on the impact of automation. That discussion is explored in incredible detail in a recent book titled Work: A Deep History, from the Stone Age to the Age of Robots. Anthropologist and author James Suzman sets out to answer several questions. He does so by looking at the history of work and the lessons we can learn.
To answer these questions, James Suzman charts a grand history of “work” from the origins of life on Earth to our ever more automated present, challenging some of our deepest assumptions about who we are. Drawing insights from anthropology, archaeology, evolutionary biology, zoology, physics, and economics, he shows that while we have evolved to find joy meaning and purpose in work, for most of human history our ancestors worked far less and thought very differently about work than we do now.James Suzman – Work: A Deep History, from the Stone Age to the Age of Robots
I had the pleasure of opening the Creatio Accelerate event with a presentation on the future of work in the creation age. This macro-level view of societal change attempts to connect these changes to the future of work. The notion of a creation age is explored in detail by RethinkX and captured in a series of videos.
Our current linear structures do not translate well to the exponential world in which we live. This will force governments and businesses to address the structural challenges that lie ahead. How these challenges are addressed will either serve as an accelerant for emerging future scenarios, slow them down, or derail them.
That quote from a post on future structures back in 2015 would find a more receptive audience in 2021. Back then however, it was a position that mostly drew stares. Those structural challenges refer to the institutions that represent the lasting norms that define how we live. These norms are established over time and are so engrained in how society behaves, that it usually takes major catastrophes to change the status quo. In transformative periods, institutions struggle as society transitions from one phase to another. These moments of radical change represent a phase transition. The post-world-war two era represents one such transition. How society handles the transition is crucial, and the next decade is tied closely to the evolution of those Institutions. The challenge is large and best described in this passage from a recent book titled The Exponential Age, written by Azeem Azhar.Continue reading
A recent article via Linda Lacina is very impactful in these days of uncertainty. A focus on the future is ramping across all sectors, and one of the hottest topics is the future of work. The work discussion is focused on two different time horizons. One is the nearer term implications of the pandemic, labor shortages, automation, an aging society, etc. The other is a longer-term view of what work becomes. In both those conversations, a focus on our human traits and an urgent need to transform education is appropriate. That’s why this article resonated with me.Continue reading
I finished another book and added it to my book library. The Profit Paradox was written by economist Jan Eeckhout and focuses on the decline of competition in the market. This decline, and the resulting dominance of large firms, has contributed to inequality, reduced innovation, and dropped the labor share of the economy.Continue reading
A recent article provides a glimpse into the fastest growing and declining jobs of the next decade. The visuals captured from the article summarize it well. Not surprisingly, health and wellness, renewable energy, and technology represent the fastest growing job domains. A very hot topic these days along with education.Continue reading
We must make the right decisions now, if we want a good futureGerd Leonhard – The Good Future is entirely possible, and it’s our choice!
That quote from fellow Futurist Gerd Leonhard comes from a recent film he produced to convey optimism about our ability to create a good future. He opens with several statements that are core to my beliefs about our emerging future. He states that what we have done for the last one hundred years is no longer going to be suitable for the future. In other words what got us here won’t get us there. It was back in 2013 when I wrote about the structural change expected in the future. Much like my belief that structures and institutions will change, Gerd believes that the current system is unfit for the future, driving the need for a different logic. He mentions something that he has been saying for years: science fiction is becoming science fact. In exploring the possibilities of a good future, he starts with a question: what does good look like? He proposes a definition of good that includes relationships, experiences, the planet, purpose, and prosperity.Continue reading
While the world continues to navigate the challenges of a global pandemic, discussion of a post-pandemic future is ramping. The future of work is a dominant piece of that post-pandemic discussion. There are still more questions than answers, but the signals are flying. Three recent articles focused on distinct pieces of this future: Performance, Identity Economy, and Making a Hybrid Work model. The article on performance highlights the pandemic as catalyst and accelerant. The need to rethink how we view performance was clear pre-pandemic – but mostly not acted upon. The events of the last 15 months may be driving action.Continue reading
Signals. How do you find them through all the noise? When you do find them, what do they tell us? Many are looking for signals that illuminate the post-pandemic world of work. Will we return to an office in large numbers? Will the future evolve towards a hybrid, more flexible model of work? What happens to real estate? In a recent article, Dan Gentile identifies companies that are Leaving the Bay Area. According to the article, there are 16.3 million square feet of office space in San Francisco currently vacant. The organization sf.citi surveyed companies in January 2021 and found that 63% of those asked plan to downsize or have already downsized their offices. The results of the survey also showed that only 14.6% of companies polled plan to have their employees return entirely to in-person work (signals).Continue reading
In exploring possible futures, we give ourselves an opportunity to shape them. With all the existing and emerging science and technology building blocks converging with domains like society, the economy, and geopolitics, predicting the future is impossible. But we can look at possibilities and what they mean to our future. One great recent example was described in an article by Tristan Greene. In looking at artificial intelligence and related automation, Mr. Greene focused on how automation could turn capitalism into socialism. This is not a political discussion, rather, it is following a thread to a logical conclusion. In this case, the impact of automation on the future of work. Mr. Greene said:Continue reading
Each year the Future Today Institute releases a very comprehensive trend study during SXSW. I just finished getting through this very comprehensive installment. In announcing this year’s report, Founder Amy Webb had this to say:
The cataclysmic events of the past year resulted in a significant number of new signals. As a result, we’ve analyzed nearly 500 tech and science trends across multiple industry sectors. Rather than squeezing the trends into one enormous tome as we usually do, we are instead publishing 12 separate reports with trends grouped by subject. We are including what we’ve called Book Zero, which shows how we did our work. There is also an enormous, 504-page PDF with all content grouped together as one document.
Well, Amy was not kidding, there is quite a bit to digest. The 12 separate reports referenced can be downloaded Here. As I do with each look into the future, I captured some highlights from this year’s trend study. I will start however with an important observation that Amy made in the opening of the report.Continue reading
In a Post from 2016, I explored the balance required when the forces of innovation take hold. The pace of innovation four years ago was already staggering, and the engine that drives it continues unabated. From that post:
The unabated exponential progression of science and technology has driven a staggering pace of innovation. The building blocks are mostly there, allowing creative minds to combine them in ways that attack the world’s most difficult challenges. Additional forces have emerged to position the next two decades as a period that is purpose-focused and transformative. Innovation itself is no longer the sole purview of business, universities, government, and military, as our connected world provides an ideation and innovation engine never seen before.
The remote work discussion will not go away. There are no shortages of predictions or perspectives regarding the world of work post-pandemic. I continue to believe that prediction is a fools errand, especially in a world dominated by rapid innovation, uncertainty, and a level of Convergence unseen since the end of World War Two. While we may not predict the future, we can continually look for signals – both weak and strong. The future of both work and cities is intertwined. If remote work becomes the standard practice, it has big implications for cities. A recent Article written by Derek Thompson explores this dynamic. This quote from the article represents a signal:Continue reading
An event like a pandemic triggers a chain reaction. Like one domino setting the others in motion, COVID-19 is shaping a different future. The links in the chain represent multiple domains, and the reaction spans them all. Our challenge is to understand the Implications of these reactions and the way the World may Respond. I looked at this implication/response Framework in the early days of the pandemic. Now, we see signals that may provide more clarity as to possible paths. One domain where signals are emerging is work.Continue reading
The acceleration of automation is not a direct outcome of the pandemic – it is simply more visible now. That visibility is one of the few bright spots in an otherwise horrible several months. The inequities that exist in the world are now more visible. The lack of preparation for a digital future has exposed those who did not see the need. In the case of automation, it was going to accelerate for a number of reasons, but the pandemic will Accelerate the Acceleration. One clear reason that this decade will see a massive investment in automation is the fall in Working Age population. Said another way, it is getting increasingly difficult to find skilled resources.Continue reading
For those of us alive today, our core beliefs, the way we live, and our notion of work are rooted in the way it has been for the last 250 years. To us, it has always been this way. When a transformative era emerges, we struggle to imagine a different way of doing things – even when the emerging future is begging us to think differently. One great example lies in the future of work. As we struggle to envision a world where work is no longer required, we fail to realize that History is very Instructive.Continue reading
Can we ever go back to the way things were? That’s the question Manon DeFelice asks in a recent Article that explores the return to the office. The article provides some interesting insights. For instance, about 62% of Americans say they have worked from home during the COVID-19 pandemic, according to a recent Gallup Poll. A majority (59%) of those individuals say that remote work would be welcome post-pandemic. One of the concerns often stated about remote work is the impact on productivity. Well, Ms. DeFelice shares results from a YouGov Survey that found 54% of professionals ages 18-74 felt that working from home has had a positive impact on their productivity.
As I continue to research the societal factors that influence our future, I’ve explored broad topics from Government Deficits to Modern Monetary Theory. Most recently, I’ve looked into something that lies at the heart of many societal ills; unemployment and underemployment. That journey led me to my most recent book titled: A Job Guarantee. I just added a book – written by Pavlina R. Tcherneva – to my Book Library. Ms. Tcherneva is an American economist of Bulgarian descent, working as associate professor and director of the Economics program at Bard College.