The latest fear factor to hit the world relates to the disappearance of jobs. Everywhere now the buzz is about how technology is going to transform work—and reduce it dramatically. The Davos World Economic Forum Chief Executive Officer Klaus Schwab (whose book The Fourth Industrial Revolution was released recently) is just the latest in a long line of recent predictors of this gloomy possibility. From 3-D printing to robots that perform not just some basic services but even more skilled activities such as accountancy, and so on, the fear is that human labour will be increasingly displaced by machines, and so there will simply not be enough work to provide employment to all the people who need jobs. There is a need to take a new look at technological change that threatens job security and workers’ rights.
The future of work