“Welcome to the future of work, where your colleagues will be old enough to be your great-grandparents and your competitors will be algorithms.” That is the brilliant lede by Brian Groom in his article on The Future of Work, a paper published today by the UK Commission for Employment and Skills, a government-funded research body.
The report predicts the rise of a “4G workforce”, where new entrants work alongside people old enough to be their great-grandfathers. In the UK, about one-tenth of over-65s are currently working. Improvements in health, rising retirement ages and smaller pension pots mean that this share is likely to rise in the future.
In 1894, Mark Oldroyd, a Liberal MP with a fondness for mill girls and justice, published a pamphlet about the living wage. The textiles factory owner from Dewsbury, Yorkshire wrote that: “A living wage must be sufficient to maintain the worker in the highest state of industrial efficiency, with decent surroundings and sufficient leisure”. It was the first formal call for a wage which met the basic needs of a worker and his family. Notably, it was also a deliberate effort to preserve the value and moral worth of work itself. Read more
In today’s Guardian, Ed Balls admits that “at last economic growth is returning”. As my colleagues George Parker and Chris Giles note, this is a sign that the political debate over the recovery is changing from when will it begin to “who will own it?”
The answer to that is presumably George Osborne and Mark Carney. But there is another, subtly different question that will also be asked: “who will experience it”? Read more