I hosted Professor of Management Yahuda Baruch from Southampton Business School, University of Southampton, on my podcast. We discussed "The Future of Work, Professional Careers, & Employability."
Here are the interesting segments of our conversation;
AI: A New Challenge and Opportunity for the Future of Work.
The transition to agriculture, which took place approximately 10,000 years ago, marked a significant shift in human society. Around 150 years ago, the Industrial Revolution transformed economies and societies worldwide. Then, about 50 years ago, the IT revolution began to shape the way we communicate and work. Now, the AI revolution is rapidly altering the world, making changes in less than a decade that outpace the impact of any of the previous revolutions. Each time the world witnessed a change, it found ways to adapt to the changes. But each revolution cycle is becoming shorter, making it quite challenging for adaptability.
The India Vs China Comparision on the Future of Work
While the population of both countries are similar, the policies and nature of governance in both countries are completely different. Professor Baruch believed in finding the right balance between extreme Centralization and large-scale Decentralization, which are the characteristics of both China and India respectively.
Immigration: Challenges & Opportunities
Western countries are currently facing challenges related to the uncontrolled influx of young people from Asia and Africa, as well as a decline in demographic dividends. The median age in most Western countries is in the mid to higher forties. To tackle this issue, the UK and the USA have introduced flexible retirement ages, particularly in knowledge-based and academic sectors of the economy.
Expect the Unexpected
Brace yourself for transformation and be prepared for surprises. Professor Baruch illustrates this with a personal example from his paper written in 2001 on "Working from Home and its associated challenges." Two decades later, this foresight became a reality as nearly 50% of the global workforce transitioned to working from home during the peak of the COVID-19 pandemic.
The full episode the available here;
You can listen to the same episode on the podcast channels as well.
Spotify Link: https://spoti.fi/3Ll33jv
Apple Podcast Link: https://apple.co/3ztxZv5
Audible Link: https://bit.ly/FOW_YEHUDA
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