Tech-driven changes in job markets threaten social contracts with workers: Expert – Business News

Tech-driven changes in job markets threaten social contracts with workers: Expert – Business News

Changes in employment markets, driven by new technologies pushed forward by the Kovid-19 epidemic, are opening up opportunities to workers as well as threats, a summit organized by the World Economic Forum (WEF) on Thursday by experts and industry leaders said in.

Panelists at WEF’s Jobs Reset Summit 2020, being held online from October 20–23, also noted that the 21st-century employment model resembles the 19th century, as gaps are visible in social security systems and The epidemic is extraordinary weaknesses for workers.

According to WEF’s Future of Jobs Report 2020, over the next five years, the machines will displace an estimated 85 million jobs, but create approximately 97 million new jobs in 15 industries and 26 economies.

The epidemic-induced global recession has accelerated this trend and created a highly uncertain outlook for global labor markets.

The study also found that the pace of workforce automation and workplace digitization is higher than the global average for companies operating in India.

Another WEF study found that 57 percent of workers in India are worried about potential job losses in the next year, although a large number of workers also expect their employers to take them back to new roles. Will help

“Technology is a major, if not the most important, role in shaping the future of work,” said C Vijayakumar, president and CEO of HCL Technologies.

“The fact that technologies allow us to work anywhere, at any time, is exceptionally appealing,” said Guy Rider, director general of the International Labor Organization (ILO).

“But if it would likewise allow someone to tell me that I should work anytime, anywhere, regardless of my choice, then it is somewhat less attractive,” he said.

Rider further noted that the economic economy (temporary state), as the epidemic suggests, has created an extraordinary vulnerability in the world of work, not only in developing countries, but also “in the attics of Manhattan”. Freelancers are not clear about their employment status and may find themselves falling through gaps in social security systems. “The 21st century employment model resembles the 19th century, it took a century to build institutions to bring us some decency. That business model,” Rider noted.

International Trade Federation Confederation Secretary General Sharan Burrow warned that “Internet-mediated platform jobs are completely breaking wages and conditions.” Beroja advocated a new social contract between workers, employers, and governments to ensure that every working person gets sufficient minimum enjoyment. Wages, universal social security and occupational rights and protection as a fundamental right for the maximum number of working people.

She called on the complainants “with sufficient grievance about workers and their rights”, including adequate grievance procedures and remedies.

Collective bargaining has collapsed, with 75 percent of people reporting that their incomes have stagnated or lagged since the 1980s and until we rebuild those commitments, we have a fair There will be no economy.

“Flexibility does not mean exploitative work,” she said.

The panelists said that large scale investments in people, workplaces and jobs are needed in development industries.

People need skiing and reskilling. In particular, governments and companies should “invest in social security – the most effective lubricant of change,” Ryder said.

He said that change has been bad for many people, so they are likely to embrace change if they are assured that they will not fall through the crack in the process.

Rider said that workplaces need re-engineering, which will require better laws and regulations to protect workers, while greater investment leads to job growth, including green technology, care economy, infrastructure and rural economy. There is a need to move to prospect areas.

Quoting the International Monetary Fund, Burrow said that increasing public investment of 1 percent of GDP in advanced and developing economies would create 33 million new jobs.

“We can double this by investing in care,” she said.

Vijaykumar underscored the potential of low-carbon technologies: “The 21st century will be marked by a sustainable economy and tech companies will have a much larger role to create these new jobs at the intersection of climate change and public services, with As well as consumer products. “

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