Foreseeing Future Work Opportunities | BCG

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    Care-based economy. People-to-people connections will become one of the most important priorities for value creation in an economy built on collective prosperity. This connection includes traditional care for older people, children, youth, and various underserved social groups, as well as new forms such as community-wide health care and mental health support. . Our research found that the care-based economy has the highest potential for job creation among these emerging sectors.

    Regenerative industries and infrastructure. Introducing naturally derived materials and circular processes into construction and manufacturing can replace non-renewable and linear processes. Promising areas for regenerative approaches include circular urban infrastructure using nature-based solutions and recycled materials in construction. Blue-collar and white-collar workers can participate in regenerative industries, including those dedicated to alternative energy, to replace industrial processes with sustainable methods.

    Total security. A holistic approach to security systematically and predictively addresses a range of risks, rather than focusing on one risk at a time. For example, a global supply chain company's overall security strategy should address cybersecurity concerns (particularly those related to the Internet of Things), cognitive security (protecting employees from disinformation about political events), and climate security concerns. They may respond at the same time. As the scope of security threats is constantly changing, integrated security has become one of the major job creation sectors, helping people understand complex risk environments and develop the skills needed to manage those risks. Provides many opportunities for dedicated workers.

    Renewable agriculture, fishing and forestry. These sectors use nature-enhancing methods to produce food and natural materials. Regenerative agriculture is more labor intensive than industrial agriculture and requires more human attention and care. Jobs will be abundant in rural and urban organic farming, regenerative fish farms, and rewilding of urban infrastructure.

    Localized knowledge exchange. Employees from different organizations form teams, share goals and practices, participate in local learning ecosystems, and engage in lifelong learning while collaborating on efforts to understand the environment. Although competition remains a fundamental aspect of the global economy, a move towards regional knowledge sharing has already begun. For example, networks of regenerative farming communities such as Herrenboelen in the Netherlands and Regenerate Cascadia, a venture in the United States and Canada, have built community hubs to coordinate business activities and exchange information on best practices. Localized knowledge creation will require the introduction of many new roles that complement traditional knowledge sharing channels such as media, industrial R&D, and education.

    Prosumerism. production and consumption Consumers will be linked in many communities as they produce goods and use or sell them. In some cities of the future, small-scale production systems run and supervised by residents will serve the specific needs of other local residents. These small-scale production systems provide personalized products such as electronics, mobile phones, medical equipment, furniture, apparel, and electric bicycles. Employees who are familiar with technologies such as AI and 3D printing have plenty of opportunities to contribute.

    Participatory entertainment and art. A range of play and fun-based areas that combine entertainment, learning, care and art will become increasingly important to future communities. The most beneficial result of these activities will be the time people spend together to share new experiences, but many new jobs will also be created as well. Various forms of entertainment, including esports, will be deployed in the Metaverse, providing an almost unlimited number of settings with new roles emerging as technology evolves.

    To take full advantage of the opportunities available in these sectors and in transformational industries such as transportation, energy, and healthcare, leaders must cultivate forward-looking skill sets and mindsets within their organizations.

    future skill set

    As the global economy moves further into the 21st century, people will hone the skills they already have and build entirely new ones. The range of skills involved is wide-ranging, but there are a few that are particularly important.

    • Existential abilities, mindsets, and habits. Dealing with widespread changes in the world requires mindfulness, physical and emotional self-regulation, adaptability and growth, determination, and optimism. These skills are universally applicable to a variety of situations in life, including professional settings.
    • bionic skills. Being comfortable working with technologies like AI and robotics is key. People will want technology literacy, data-driven decision-making, AI-enhanced creativity, and easier human-machine collaboration. Employees also need to be comfortable navigating the Metaverse and other virtual reality settings.
    • Creativity. Even as AI poses challenges to some creative jobs today, human creativity will be critical to helping people tackle tomorrow's problems and positively contribute to their communities and organizations. . Over the next 50 years, various skills will become even more valuable. These include curiosity; Imagination; ability to solve problems unconventionally. A talent for storytelling. Ability to use various forms of expression such as art, video, and text.
    • Human-to-human, team-oriented, and community-oriented skills. Individual success depends not only on effective interpersonal interactions but also on the ability to participate productively in teams, communities, and organizations. Organizations will want to leverage the organizational intelligence and wisdom of their employees for collective problem solving. Relevant skills include communication, emotional intelligence, the ability to empathize, the ability to collaborate with others who bring diverse perspectives and cultural backgrounds to the workplace, and the ability to facilitate and co-create.

    According to this study, bionic skills and creativity will be most in demand over the next 50 years. But to complement these skills, employees must also develop adaptability and the ability to take initiative.

    Entrepreneurship will be critical to rebuilding the economy and creating new job opportunities. Although not everyone is suitable for advanced entrepreneurship, many are able to support themselves through profitable self-employment and organize a small business.

    Policies shaping the future of work

    Public policy and business initiatives are powerful mechanisms for guiding employees to the right skills and opportunities. By implementing these policies now, organizations from local elementary schools to vast regional ecosystems can help prepare people for tomorrow's world. A number of practical policy measures could soon begin to yield positive results.

    We strive to cooperate at regional and national levels. Business-led collaboration, backed by extensive resources, is a proven tool for building employee skills through digital platforms and other forms of flexible learning. Many national and regional initiatives are already providing training that will pay off in the future. SkillsFuture Singapore, a government-led movement to enable learning, is one such framework.

    We will prioritize the continuous and lifelong development of human resources with an eye to the future. Tax credits, subsidies, and other financial incentives are useful ways to encourage people to upskill throughout their lives. Similarly, building educational programs around the learning ecosystem paradigm allows public and private organizations to leverage shared resources. This kind of future-ready ecosystem is already in place. For example, SENAI, a network of technical schools run by the Confederation of Brazilian Industry, focuses on developing talent for future engineering and construction skill demands.

    Use schooling to help people start learning early. Technology literacy must be a goal at all levels of education. In early childhood and K-12 education, kids can learn to use the Metaverse, play with robots, and actively leverage AI for research and exploring the world. University is an ideal environment for building students' bionic skills. One example is the recently established AI Alliance by IBM and Meta. The AI ​​Alliance is committed to fostering innovation in a network of academic institutions and will set the standard for teaching many bionic skills.

    Establish a culture of dialogue and communication. This policy envisions bringing together all age groups and strata of society to discuss future needs. Programs that promote empathetic learning and nonviolent communication must be accessible to participants of all ages and walks of life. Such programs can increase mutual understanding, inclusiveness, and collective mental and spiritual health.

    We prioritize raising awareness of global challenges and working together to solve problems. Through education and media campaigns, governments can raise public awareness of global challenges and help citizens face the complexities of the future world. Governments can also focus the energies of local and international communities on a variety of issues. For example, competitions run by the U.S. Department of Health and Human Services have helped solve real-world health problems while fostering the formation of new companies and partnerships.

    Engage early adopters with new skills. In today's economy, there are many agents of future change, including startup entrepreneurs, venture investors, impact investors, researchers, technology developers, and regulators. In Finland, government innovation policies encourage bottom-up ecosystem building and partnerships to develop technology talent, highlighting the importance of involving enthusiasts and early adopters in local and national efforts. I am.

    Government leaders, business executives, academics, and the public cannot avoid the changes that will occur over the next 50 years. It is important to embrace a long-term perspective and avoid reactive policy-making where populations and institutions remain out of step with technological and social changes and continually threatened by increasing challenges.

    Adopting a positive attitude toward the future is an important first step to achieving the desired scenario. Preparing for this future will create huge economic opportunities, create massive new occupational areas, ensure first movers benefit from an early transition to a new economic paradigm, and ensure a prosperous future for all. It will be.

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