What is the first picture that comes to mind when you hear \u2018The future of jobs\u2019? A blue-collar worker in a car assembly line in Detroit replaced by a robotic arm? The populist movements that won the American elections and voted for Brexit, with people shouting slogans like \u201cbring our jobs back to our country\u201d?<\/p>\n\n\n\n
Intelligent physical robots and artificially intelligent software or digital robots are expected to replace 35\u201347%<\/a> of jobs in the developed world \u2013 based on studies conducted in these regions. These regions, primarily in North America and Western Europe, lead the fourth industrial revolution, which is raising the question we\u2019re discussing today \u2013 the future of jobs.<\/p>\n\n\n\n This is my main friction with the existing narrative \u2013 the excessive focus of this topic on developed economies and the lack of nuance in differentiating fundamentally different populations \u2013 socially, economically and politically.<\/p>\n\n\n\n Longer-term forecasts suggest that today\u2019s developing and emerging countries are likely to account for nearly 60% of world GDP by 2030<\/a>. An integral driver of these markets is the shadow economy, which is work done for cash, where taxes aren\u2019t usually paid, and regulations aren\u2019t strictly followed<\/a>.<\/p>\n\n\n\n The context of labor is completely different in these countries. For example, an upper middle-class household in India can afford a domestic help for their houses and drivers for their cars, unlike their western counterparts. The shadow economy accounts for almost 18% of the country\u2019s GDP<\/a>. These jobs are major contributors to the economy, among a hundred other forms of shadow labor. As a percentage of GDP, the shadow economy ranges from 25\u201360% in South America and around 13\u201350% in Asia<\/a>. These countries are human labor intensive and for reasons beyond the availability of knowledge of automation.<\/p>\n\n\n\n Yet, very few studies and experts address the future of the majority of the global population \u2013 countries in Asia, Africa and South America. Also, most of the experts and thought leaders on the topic are western-educated and from industrialised, rich and democratic societies.<\/p>\n\n\n\n Clearly, the narrative on automation and jobs needs nuance and diversity. The more pertinent questions in my opinion are \u2013 What is happening in the rest of the world, where the majority of earth\u2019s population live; how are they different and how we can we help their transition to the fourth industrial revolution? It\u2019s time to look beyond the tip of the iceberg and explore the vast expanse below.<\/p>\n","protected":false},"excerpt":{"rendered":" What is the first picture that comes to mind when you hear \u2018The future of jobs\u2019? A blue-collar worker in a car assembly line in Detroit replaced by a robotic arm? The populist movements that won the American elections and voted for Brexit, with people shouting slogans like \u201cbring our jobs back to our country\u201d? […]<\/p>\n","protected":false},"author":22,"featured_media":2612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_gspb_post_css":"","footnotes":""},"categories":[13],"tags":[],"ppma_author":[77],"class_list":["post-2611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"acf":[],"featured_image_urls_v2":{"full":["https:\/\/symposium.org\/wp-content\/uploads\/2021\/11\/The-Shadow-Economy-and-The-Future-of-Jobs.jpg",250,167,false],"thumbnail":["https:\/\/symposium.org\/wp-content\/uploads\/2021\/11\/The-Shadow-Economy-and-The-Future-of-Jobs-150x150.jpg",150,150,true],"medium":["https:\/\/symposium.org\/wp-content\/uploads\/2021\/11\/The-Shadow-Economy-and-The-Future-of-Jobs.jpg",250,167,false],"medium_large":["https:\/\/symposium.org\/wp-content\/uploads\/2021\/11\/The-Shadow-Economy-and-The-Future-of-Jobs.jpg",250,167,false],"large":["https:\/\/symposium.org\/wp-content\/uploads\/2021\/11\/The-Shadow-Economy-and-The-Future-of-Jobs.jpg",250,167,false],"xl":["https:\/\/symposium.org\/wp-content\/uploads\/2021\/11\/The-Shadow-Economy-and-The-Future-of-Jobs.jpg",250,167,false],"xxl":["https:\/\/symposium.org\/wp-content\/uploads\/2021\/11\/The-Shadow-Economy-and-The-Future-of-Jobs.jpg",250,167,false],"xxxl":["https:\/\/symposium.org\/wp-content\/uploads\/2021\/11\/The-Shadow-Economy-and-The-Future-of-Jobs.jpg",250,167,false],"xxxxl":["https:\/\/symposium.org\/wp-content\/uploads\/2021\/11\/The-Shadow-Economy-and-The-Future-of-Jobs.jpg",250,167,false],"xxxxxl":["https:\/\/symposium.org\/wp-content\/uploads\/2021\/11\/The-Shadow-Economy-and-The-Future-of-Jobs.jpg",250,167,false],"1536x1536":["https:\/\/symposium.org\/wp-content\/uploads\/2021\/11\/The-Shadow-Economy-and-The-Future-of-Jobs.jpg",250,167,false],"2048x2048":["https:\/\/symposium.org\/wp-content\/uploads\/2021\/11\/The-Shadow-Economy-and-The-Future-of-Jobs.jpg",250,167,false]},"post_excerpt_stackable_v2":" What is the first picture that comes to mind when you hear \u2018The future of jobs\u2019? A blue-collar worker in a car assembly line in Detroit replaced by a robotic arm? The populist movements that won the American elections and voted for Brexit, with people shouting slogans like \u201cbring our jobs back to our country\u201d? Intelligent physical robots and artificially intelligent software or digital robots are expected to replace 35\u201347% of jobs in the developed world \u2013 based on studies conducted in these regions. These regions, primarily in North America and Western Europe, lead the fourth industrial revolution, which is raising the…<\/p>\n","category_list_v2":"INSIGHTS<\/a>","author_info_v2":{"name":"wordpress@weitblick-online.ch","url":"https:\/\/symposium.org\/author\/wordpressweitblick-online-ch\/"},"comments_num_v2":"0 comments","authors":[{"term_id":77,"user_id":0,"is_guest":1,"slug":"anuj-narayanan-kannankutty","display_name":"Anuj Narayanan Kannankutty","avatar_url":"https:\/\/symposium.org\/wp-content\/uploads\/gravatars\/762b22de4bf1bf3924204e9b02554eaa","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/symposium.org\/wp-json\/wp\/v2\/posts\/2611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/symposium.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/symposium.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/symposium.org\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/symposium.org\/wp-json\/wp\/v2\/comments?post=2611"}],"version-history":[{"count":2,"href":"https:\/\/symposium.org\/wp-json\/wp\/v2\/posts\/2611\/revisions"}],"predecessor-version":[{"id":3005,"href":"https:\/\/symposium.org\/wp-json\/wp\/v2\/posts\/2611\/revisions\/3005"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/symposium.org\/wp-json\/wp\/v2\/media\/2612"}],"wp:attachment":[{"href":"https:\/\/symposium.org\/wp-json\/wp\/v2\/media?parent=2611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/symposium.org\/wp-json\/wp\/v2\/categories?post=2611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/symposium.org\/wp-json\/wp\/v2\/tags?post=2611"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/symposium.org\/wp-json\/wp\/v2\/ppma_author?post=2611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}