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The workforce crisis of 2030 is already here

by | Feb 4, 2020 | Employment, Human Resources, Technology

The idea that someone or something will come along and “steal our jobs” is nothing new. It seems to be a cyclical symptom that is deeply rooted in our fast changing society and it’s evolving technology. However the concept that change leads to lost jobs is perhaps too simplistic a view to take.

Rainer Strack gave an absolutely fascinating TED talk back in 2014. He predicted many of the world’s largest economies will have more jobs than adult citizens to do those jobs. He explains this shortage by delving into plummeting birth rates as well as discussing the rise of A.I. and automation. He argued that although some jobs will become redundant through technological progress, this will lead to the creation of new jobs in new fields that we can not yet imagine:

So does Rainer’s vision hold water? In my opinion, it most certainly does. Having worked in both recruitment and HR for over a decade, I can attest to the fast changing global employment landscape. In my line of work, it is all too common for veterans to notice the comings and goings of employment trends, largely dictated by technological progress, social and geopolitical trends. Having worked in smaller countries such as Switzerland and the UK, I am all too familiar with labor market skills not catching up to labor demand. A timely example is the current imbalance in the UK’s Cyber Security labor market. Following a recent report by the Department for Digital, Culture, Media and Sport (DCMS) Rahul Powar comments:

While he regards the increase in cyber security employment found by the governmental report as “a vital boost for the seemingly impossible task of plugging the current 4 million shortfall in cybersec professionals”, Red Sift CEO Rahul Powar says that research should delve deeper into movement between specific industries.”

Rahul Powar, 2020

Not only would I say Rainer Strack is correct about the impending workforce crisis in 2030, I would argue that it has already started.