Transcript Document

Jobs for the Future
Claudia Pompa – Private Sector and Markets Team
October 2014
We are currently preparing students
for jobs that don’t yet exist…using
technologies that haven’t yet been
invented…in order to solve
problems we don’t even know are
problems yet
Richard Riley, Secretary of Education under Clinton
The great mismatch…
75 million young people worldwide are out
of work
1 billion workers without secondary
education are expected to be part of the
labour force by 2020
Global shortage of 38 to 40 million highly
skilled workers – needed to raise
productivity and drive growth – by 2020
The inability to secure talent with the right
skills is not only a major constraint to
businesses’ bottom lines, but also
prevents firms from scaling up operations,
meeting demand in new locations and
launching new products and services.
The question….
The underlying question:
What skills will be needed for the jobs of the future
and how do we make sure individuals are trained in these skills
Trends that will shape the future of jobs
Global drivers
• Demographic change and migration
– High mobility of labour
– Multi-generational workforce
– Growing role of women in the
• Global integration
– Emerging economies playing
globally, increasing competition
– Development of new business
– The shrinking middle
Trends that will shape the future of jobs
Global drivers
• Technological innovation
– Digitalisation of production
– Big data
– Digital economy
• Collaboration and cross-disciplinary
– Convergence of disciplines
– Collaborative business models –
crowdsourcing economy?
• Shift to Asia
• Scarcity of natural resources
Trends that will shape the future of jobs
Regional drivers
• Agriculture
– Has great potential but….
• Shit to Asia
– Yes…but away from China
• Green growth
– Clear opportunities to benefit
from first comer advantages
• Trade agreements
– ASEAN Economic Community
– Trans Pacific Partnership
– Economic Community of West
African States (ECOWAS)
Economic Partnership
Agreement (EPA)
Key sectors
The Sectors seem the same…
Health and care
…but look very different from the
• Manufacturing
• Creative industry
• Construction
The future…
The new normal: Too few high-skill workers and not enough jobs for medium and lowskill workers unless…
We equip a growing young workforce with skills required for the jobs of the future
Re-equip the current workforce with the skills required to keep up with a changing
The greatest challenge lies in the technology- and knowledge intensive sectors that
also have the highest potential for economic growth and employment.
We still need to understand better which practices and interventions work and which
ones can be scaled up.
Most skills initiatives today serve a few hundred or perhaps a few thousand young
people, we must be thinking in terms of millions.
“The illiterate of the 21st century will
not be those who cannot read and
write, but those who cannot learn,
unlearn and relearn”
Alvin Toffler
ODI is the UK’s leading independent think tank on international
development and humanitarian issues. We aim to inspire and inform
policy and practice to reduce poverty by locking together high-quality
The views presented here are those of the speaker, and do not
necessarily represent the views of ODI or our partners.
Overseas Development Institute
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