Title Title
What will the future of work look like? What will the future of work look like?
Summary Summary
Help address the big topics of automation and universal basic income Help address the big topics of automation and universal basic income
Highlights Highlights
Content Content
<strong><a href="https://www.wikitribune.com/user/harry-ridgewell/">Harry Ridgewell</a> attended Chatham House's<a href="https://www.chathamhouse.org/conferences/future-work-2018"> Future of Work 2018 conference.</a> The independent commission was set up and is co-chaired by Labour deputy leader Tom Watson. The conference covered the trend of slowing global productivity (<a href="https://www.mckinsey.com/~/media/McKinsey/Global%20Themes/Employment%20and%20Growth/Can%20long%20term%20global%20growth%20be%20saved/MGI%20Global%20growth_Executive%20summary_January%202015.ashx">Mckinsey</a>), how automation will affect all of our lives and whether universal basic income is the answer to some of these problems. </strong> <strong><a href="https://www.wikitribune.com/user/harry-ridgewell/">Harry Ridgewell</a> attended Chatham House's<a href="https://www.chathamhouse.org/conferences/future-work-2018"> Future of Work 2018 conference.</a> The independent commission was set up and is co-chaired by Labour deputy leader Tom Watson. The conference covered the trend of slowing global productivity (<a href="https://www.mckinsey.com/~/media/McKinsey/Global%20Themes/Employment%20and%20Growth/Can%20long%20term%20global%20growth%20be%20saved/MGI%20Global%20growth_Executive%20summary_January%202015.ashx">Mckinsey</a>), how automation will affect all of our lives and whether universal basic income is the answer to some of these problems. </strong>
This article plans to cover: This article plans to cover:
<ul> <ul>
<li>Jobs that will be affected by automation</li>  <li>Jobs that will be affected by automation</li>
<li>The types of jobs people will be doing in the future</li>  <li>The types of jobs people will be doing in the future</li>
<li>Possible solutions to automation: Universal basic income and the taxing of robots</li>  <li>Possible solutions to automation: Universal basic income and the taxing of robots</li>
</ul> </ul>
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Please link all paraphrasing and quotes to credible sources when contributing. Linking to experts opinions is worthy but avoid adding your own opinion. Please link all paraphrasing and quotes to credible sources when contributing. Linking to experts opinions is worthy but avoid adding your own opinion.
<h2>Transcripts of interviews</h2> <h2>Transcripts of interviews</h2>
<a href="https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2018/05/29150323/allen-blue-co-founder-of-linked-in.pdf">Allen Blue - co-founder of linked in <a href="https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2018/05/29150323/allen-blue-co-founder-of-linked-in.pdf">Allen Blue - co-founder of linked in
</a><a href="https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2018/05/29145814/alistar-shepherd-founder-and-president-of-Saberr.pdf">Alistar Shepherd - founder and president of Saberr </a><a href="https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2018/05/29145814/alistar-shepherd-founder-and-president-of-Saberr.pdf">Alistar Shepherd - founder and president of Saberr
</a><a href="https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2018/05/29150633/bruce-reed.pdf">Bruce Reed - civic, future of work initiative, aspen institute </a><a href="https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2018/05/29150633/bruce-reed.pdf">Bruce Reed - civic, future of work initiative, aspen institute
</a><a href="https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2018/05/29150830/carl-frey-co-director-oxford-martin-programme-on-technology-and-employment-university-of-oxford.pdf">Carl Frey- co-director oxford martin programme on technology and employment university of oxford </a><a href="https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2018/05/29150830/carl-frey-co-director-oxford-martin-programme-on-technology-and-employment-university-of-oxford.pdf">Carl Frey- co-director oxford martin programme on technology and employment university of oxford
</a><a href="https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2018/05/29151219/liam-byrne-labour-mp.pdf">Liam Byrne - Labour-MP</a><a href="https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2018/05/29150633/bruce-reed.pdf"> </a><a href="https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2018/05/29151219/liam-byrne-labour-mp.pdf">Liam Byrne - Labour-MP</a><a href="https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2018/05/29150633/bruce-reed.pdf">
</a><a href="https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2018/05/29154830/Naomi-Climer-Commissioner-Independent-commission-on-the-future-of-work.pdf">Naomi Climer - Commissioner; Independent commission on the future of work</a><a href="https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2018/05/29150633/bruce-reed.pdf"> </a><a href="https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2018/05/29154830/Naomi-Climer-Commissioner-Independent-commission-on-the-future-of-work.pdf">Naomi Climer - Commissioner; Independent commission on the future of work</a><a href="https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2018/05/29150633/bruce-reed.pdf">
</a><a href="https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2018/05/29151804/James-Manyika-Director-of-McKinsey-Global-Institute.pdf">James Manyika - Director of McKinsey Global Institute</a> </a><a href="https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2018/05/29151804/James-Manyika-Director-of-McKinsey-Global-Institute.pdf">James Manyika - Director of McKinsey Global Institute</a>
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<h2>Article</h2> <h2>Article</h2>
<h2>Experts: Answer to automation is not Universal Basic Income</h2> <h2>Experts: Answer to automation is not Universal Basic Income</h2>
<span style="font-weight: 400">Automation is not new, with the industrial revolution, mass production of cars, and the rise of computers past examples. However, <a href="https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/the-four-global-forces-breaking-all-the-trends">McKinsey</a> estimates that change is happening ten times faster than the industrial revolution, and the idea machines could be programmed to make more machines to replace jobs is a relatively new one. Considering British weavers, known as <a href="https://en.wikipedia.org/wiki/Luddite">The Luddites, </a></span><span style="font-weight: 400">revolted against machines replacing them <a href="https://en.wikipedia.org/wiki/Industrial_Revolution#Luddites">in 1811 </a>and the </span><a href="http://wir2018.wid.world/">World Inequality's 2018 report</a> found that left unchanged, global inequality will continue to increase as it has in recent decades, it is possible history repeats itself - particularly when the poorest will be most affected.  <span style="font-weight: 400">Automation is not new, with the first industrial revolution (steam power), second (electric powered mass production) , and third (the rise of computers) past examples. However, <a href="https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/the-four-global-forces-breaking-all-the-trends">McKinsey</a> estimates that in the present "4th Industrial Revolution", change is happening ten times faster than in the first, and the idea machines could be programmed to make more machines to replace jobs is a relatively new one. Considering British weavers, known as <a href="https://en.wikipedia.org/wiki/Luddite">The Luddites, </a></span><span style="font-weight: 400">revolted against machines replacing them <a href="https://en.wikipedia.org/wiki/Industrial_Revolution#Luddites">in 1811 </a>and the </span><a href="http://wir2018.wid.world/">World Inequality's 2018 report</a> found that left unchanged, global inequality will continue to increase as it has in recent decades, it is possible history repeats itself - particularly when the poorest will be most affected.
At a<a href="https://www.chathamhouse.org/conferences/future-work-2018"> recent conference</a> in London, economists, entrepreneurs and politicians freely discussed how automation will change the nature of future jobs, without fear of being quoted.<a href="https://www.chathamhouse.org/chatham-house-rule"> The world famous Chatham House rule,</a> providing anonymity to speakers, has existed for over 100 years, almost since the think tank was founded. At a<a href="https://www.chathamhouse.org/conferences/future-work-2018"> recent conference</a> in London, economists, entrepreneurs and politicians freely discussed how automation will change the nature of future jobs, without fear of being quoted.<a href="https://www.chathamhouse.org/chatham-house-rule"> The world famous Chatham House rule,</a> providing anonymity to speakers, has existed for over 100 years, almost since the think tank was founded.
At the event, audience members continuously asked panels of experts whether Universal Basic Income (UBI) was the solution to the problems posed by automation, but much to their disappointment, they dismissed the idea governments should give out free money. Panelist Bruce Reed told <em>WikiTribune</em>: <span style="font-weight: 400">‘I don't see UBI as an answer to inequality. It is at best a life support system for people who are falling behind.’ </span>However, experts did revive the much touted prediction that people's working hours would reduce, as well as support a safety net of universal basic services, such as free healthcare and education. At the event, audience members continuously asked panels of experts whether Universal Basic Income (UBI) was the solution to the problems posed by automation, but much to their disappointment, they dismissed the idea governments should give out free money. Panelist Bruce Reed told <em>WikiTribune</em>: <span style="font-weight: 400">‘I don't see UBI as an answer to inequality. It is at best a life support system for people who are falling behind.’ </span>However, experts did revive the much touted prediction that people's working hours would reduce, as well as support a safety net of universal basic services, such as free healthcare and education.
Experts also said continued free education is going to become more key, as it's predicted that in the future people will have a greater number of careers, and have to retrain more frequently, as entire professions or aspects of their work become automated. <a href="https://www.mckinsey.com/featured-insights/future-of-organizations-and-work/Jobs-lost-jobs-gained-what-the-future-of-work-will-mean-for-jobs-skills-and-wages">McKinsey's 2017 report</a> found that in roughly 60 percent of occupations, at least one-third of the work could be automated and<span style="font-weight: 400"> up to 375 million people worldwide may need to change career by 2030 because of Artificial Intelligence (AI).</span> Experts also said continued free education is going to become more key, as it's predicted that in the future people will have a greater number of careers, and have to retrain more frequently, as entire professions or aspects of their work become automated. <a href="https://www.mckinsey.com/featured-insights/future-of-organizations-and-work/Jobs-lost-jobs-gained-what-the-future-of-work-will-mean-for-jobs-skills-and-wages">McKinsey's 2017 report</a> found that in roughly 60 percent of occupations, at least one-third of the work could be automated and<span style="font-weight: 400"> up to 375 million people worldwide may need to change career by 2030 because of Artificial Intelligence (AI).</span>
This is not to say there will be mass unemployment. "<span style="font-weight: 400">The evidence of history tells us that in theory, in the end we'll have more jobs than get destroyed," Future of Work commissioner Naomi Climer told <em>Wikitribune</em>.</span> This is not to say there will be mass unemployment. "<span style="font-weight: 400">The evidence of history tells us that in theory, in the end we'll have more jobs than get destroyed," Future of Work commissioner Naomi Climer told <em>Wikitribune</em>.</span>
<span style="font-weight: 400">While those working in sectors such as transport could largely be replaced with driverless cars, one of PwC's 2018 <a href="https://www.pwc.co.uk/economic-services/assets/international-impact-of-automation-feb-2018.pdf">studies</a> says job losses from automation are likely to be largely offset in the long term by new jobs arising from automation. However, those in low-skilled, low paid jobs such as administrative and manual occupations, as well as those in higher skilled financial jobs, are likely to be hit hardest. W</span><span style="font-weight: 400">ithout a change in education and training unemployment will increase and wages will decrease (<a href="https://www.mckinsey.com/featured-insights/future-of-organizations-and-work/Jobs-lost-jobs-gained-what-the-future-of-work-will-mean-for-jobs-skills-and-wages">McKinsey</a>). </span> <span style="font-weight: 400">While those working in sectors such as transport could largely be replaced with driverless cars, one of PwC's 2018 <a href="https://www.pwc.co.uk/economic-services/assets/international-impact-of-automation-feb-2018.pdf">studies</a> says job losses from automation are likely to be largely offset in the long term by new jobs arising from automation. However, those in low-skilled, low paid jobs such as administrative and manual occupations, as well as those in higher skilled financial jobs, are likely to be hit hardest. W</span><span style="font-weight: 400">ithout a change in education and training unemployment will increase and wages will decrease (<a href="https://www.mckinsey.com/featured-insights/future-of-organizations-and-work/Jobs-lost-jobs-gained-what-the-future-of-work-will-mean-for-jobs-skills-and-wages">McKinsey</a>). </span>
By 2030, <span style="font-weight: 400"><a href="https://www.mckinsey.com/featured-insights/future-of-organizations-and-work/Jobs-lost-jobs-gained-what-the-future-of-work-will-mean-for-jobs-skills-and-wages">McKinsey</a> also predicts </span>there will be at least 300 million more people aged 65 years and older than there were in 2014. Because of this, jobs related to medicine and healthcare will be created, and currently lower paid jobs like carers will become more needed. Other low-medium paid jobs in unpredictable environments, such as plumbers or roles which require human interaction like teachers, will become more valuable. By 2030, <span style="font-weight: 400"><a href="https://www.mckinsey.com/featured-insights/future-of-organizations-and-work/Jobs-lost-jobs-gained-what-the-future-of-work-will-mean-for-jobs-skills-and-wages">McKinsey</a> also predicts </span>there will be at least 300 million more people aged 65 years and older than there were in 2014. Because of this, jobs related to medicine and healthcare will be created, and currently lower paid jobs like carers will become more needed. Other low-medium paid jobs in unpredictable environments, such as plumbers or roles which require human interaction like teachers, will become more valuable.
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