Why G20 is the right forum to discuss the ‘future of work’
future of work' powered by IR 4.0, energy transition, and new age technologies. These new technologies are bringing changes at the 'work', 'workplace' and the 'workforce' level.
We are witnessing a paradigm shift in the composition of employment across sectors, marked by the advent of new jobs requiring high-level cognition and socio-emotional skills. There is a fair degree of optimism and scepticism across all socioeconomic spheres to adjust to the 'future of work'.
Global transformations of this magnitude require in-depth deliberations and the G20, representing 85% of global GDP and two-third of the global population, is the right forum to discuss the 'future of work' with all its economic and social dimensions.
The G20 which can come up with a framework, for harnessing technology for global good, with complementary strengths of nations, to manage the trends emanating from the 'future of work'.
India's G20 Presidency has placed the G20 skills strategy, and its related aspects of building capacity, lifelong learning, and monitoring, as a significant component of the discussions, thus bringing relevance of these deliberations for the entire world. Some of the key manifestation of the 'future of work' is visible in terms of the rapid technological disruption around us, through automation, Big Data, AI, and other technologies.
While this has enabled exponential growth in productivity, on the flip side, it has raised the questions of the scope, size, and inclusion of the job market in the future. Demographic divergence across the world with some leading economies projected to see working age population of less than 25% by 2050 is raising alarm.
The Education and Labour Working Group deliberations under G20 have indeed
