The future of work: Meeting the global challenges of demographic change and automation
Ana Lucia Abeliansky, Eda Algur, David E. Bloom, Klaus Prettner
Abstract
Abstract This article explores future job creation needs under conditions of demographic, economic and technological change. The authors first estimate the implications for job creation during 2020–30 of population growth, changes in labour force participation and the achievement of target unemployment rates, by age and sex. Second, they analyse the job creation needs by country income group and, lastly, examine the effects of accelerated automation. Projections indicate that shifting demographics will account for a far greater share of the estimated global need for 340 million jobs over 2020–30 than automation.
Topics & Concepts
UnemploymentDemographicsDemographic changeWork (physics)Job creationTechnological changeAutomationLabour economicsPopulationDemographic economicsEconomicsPopulation growthEconomic growthBusinessEngineeringSociologyDemographyMechanical engineeringMacroeconomicsEmployment and Welfare StudiesEconomic Growth and ProductivityLabor market dynamics and wage inequality