The widespread belief that tech-savvy, educated millennials are well positioned to handle the challenges of the fourth industrial revolution is unfounded. It does not fully grasp the reality of a flux society, where relevant technological skills and knowledge are continuously changing: no one is permanently tech-savvy. Millennials, like other generations, face the challenge of needing to continually reskill. This has compounded their struggle to begin their careers at a point when there is no longer any guarantee of lifetime employment or retirement at a set age. Shaping the Futures of Work is a timely sociological exploration of the impact of technological innovations on employment. Nilanjan Raghunath proposes that stakeholders such as states, enterprises, and citizens hold equally important roles in ensuring that people can adapt, innovate, and thrive within conditions of flux. A promising model focuses on collaboration and proactive governance. While good governance includes citizen engagement, proactive governance goes one step further, creating inclusive policies, roadmaps, and infrastructure for social and economic progress. This book reveals that lifelong learning and adaptability are imperative, even for well-educated professionals. Using Singapore and Singaporean millennials as a case study, Raghunath examines proactive governance and delivers research and analysis to elucidate career trajectories, pointing to a work ethic that aims to engage with technological futures. Looking at local and global sociological literature to confirm the need for proactive governance, Shaping the Futures of Work suggests that Singaporean millennials – and professionals around the world – need to better prepare themselves for flux, risk, failure, and reinvention for career mobility.

The widespread belief that tech-savvy, educated millennials are well positioned to handle the challenges of the fourth industrial revolution is unfounded. It does not fully grasp the reality of a flux society, where relevant technological skills and knowledge are continuously changing: no one is permanently tech-savvy. Millennials, like other generations, face the challenge of needing to continually reskill. This has compounded their struggle to begin their careers at a point when there is no longer any guarantee of lifetime employment or retirement at a set age. Shaping the Futures of Work is a timely sociological exploration of the impact of technological innovations on employment. Nilanjan Raghunath proposes that stakeholders such as states, enterprises, and citizens hold equally important roles in ensuring that people can adapt, innovate, and thrive within conditions of flux. A promising model focuses on collaboration and proactive governance. While good governance includes citizen engagement, proactive governance goes one step further, creating inclusive policies, roadmaps, and infrastructure for social and economic progress. This book reveals that lifelong learning and adaptability are imperative, even for well-educated professionals. Using Singapore and Singaporean millennials as a case study, Raghunath examines proactive governance and delivers research and analysis to elucidate career trajectories, pointing to a work ethic that aims to engage with technological futures. Looking at local and global sociological literature to confirm the need for proactive governance, Shaping the Futures of Work suggests that Singaporean millennials – and professionals around the world – need to better prepare themselves for flux, risk, failure, and reinvention for career mobility.

This book provides a clear roadmap for the roles workers and leaders in business, labor, education, and government must play in building a new social contract for all to prosper. It is a call to action for a collaborative effort to develop both high-quality jobs and strong, successful businesses while simultaneously overcoming the deep social and economic divisions that are all too apparent in society today. Written by two leading and trusted experts in the field of employment and work from MIT and Cornell University, this book is a practical, action-oriented guide. Readers will feel empowered to take actions needed to shape a better future of work for themselves, their employees, their co-workers, and others they may represent. It emphasizes the need to fix America's broken social contract and reimagine a new one. The most important message of this book is that we have the ability to shape the work of the future by harnessing the power of new technologies. The book is essential reading for business executives, labor leaders and workforce advocates, government policy makers, politicians, and anyone who is interested in using emerging knowledge and technologies to drive innovation, creating high-quality jobs, and shaping a more broadly shared prosperity.

Why the United States lags behind other industrialized countries in sharing the benefits of innovation with workers and how we can remedy the problem. The United States has too many low-quality, low-wage jobs. Every country has its share, but those in the United States are especially poorly paid and often without benefits. Meanwhile, overall productivity increases steadily and new technology has transformed large parts of the economy, enhancing the skills and paychecks of higher paid knowledge workers. What’s wrong with this picture? Why have so many workers benefited so little from decades of growth? The Work of the Future shows that technology is neither the problem nor the solution. We can build better jobs if we create institutions that leverage technological innovation and also support workers though long cycles of technological transformation. Building on findings from the multiyear MIT Task Force on the Work of the Future, the book argues that we must foster institutional innovations that complement technological change. Skills programs that emphasize work-based and hybrid learning (in person and online), for example, empower workers to become and remain productive in a continuously evolving workplace. Industries fueled by new technology that augments workers can supply good jobs, and federal investment in R&D can help make these industries worker-friendly. We must act to ensure that the labor market of the future offers benefits, opportunity, and a measure of economic security to all.

Shaping the Future of Work lays out a comprehensive strategy for changing the course the American economy and employment system have been on for the past 30 years. The goal is to create more productive businesses that also provide good jobs and careers and by doing so build a more inclusive economy and broadly shared prosperity. This will require workers to acquire new sources of bargaining power and for business, labor, government, and educators to work together to meet the challenges and opportunities facing the next generation workforce. The book reviews what worked well for average workers, families, and the economy during the era of the post-World War II Social Contract, why that contract broke down, and how, working together, we can build a new social contract suitable to today's economy and workforce. The ideas presented here come from direct engagement with next generation workers who participated in a MIT online course devoted to the future of work and from the author's 40 years of research and active involvement with business, government, and labor leaders over how to foster innovations in workplace practices and policies.

Shaping the Future of Work lays out a comprehensive strategy for changing the course the American economy and employment system have been on for the past 30 years. The goal is to create more productive businesses that also provide good jobs and careers and by doing so build a more inclusive economy and broadly shared prosperity. This will require workers to acquire new sources of bargaining power and for business, labor, government, and educators to work together to meet the challenges and opportunities facing the next generation workforce. The book reviews what worked well for average workers, families, and the economy during the era of the post-World War II Social Contract, why that contract broke down, and how, working together, we can build a new social contract suitable to today's economy and workforce. The ideas presented here come from direct engagement with next generation workers who participated in a MIT online course devoted to the future of work and from the author's 40 years of research and active involvement with business, government, and labor leaders over how to foster innovations in workplace practices and policies.

What are the forces that will continue to shape the U.S. workforce and workplace over the next 10 to 15 years? With its eye on forming sound policy and helping stakeholders in the private and public sectors make informed decisions, the U.S. Department of Labor asked RAND to look at the future of work. The authors analyze trends in and the implications of shifting demographic patterns, the pace of technological change, and the path of economic globalization.

"People who run cities like to play Simcity to find out how impossible their jobs are. Hughes gives everyone a chance to play a kind of Simplanet, with outcomes far more complex and uncertain. In the process, the book and the computer program provide a coherent path to understanding an anarchic world." --Ronald A. Francisco, University of Kansas "What will be the future of human demographic, economic, environmental, and political-social systems throughout the 21st century? Where do current changes appear to be taking us? What kind of future would we prefer? How much leverage do we have to bring about the future we prefer? Do YOU share these interests of the book? If yes, you should study the book and learn how to cope with the future with the International Futures approach (IFs) developed by the authors. This large-scale integrated global simulation modeling system is a user-friendly, professional tool for long-term policy analysis and an educational tool in universities. I had a pleasure to learn it personally by cooperating with Barry Hughes." --Pentti Malaska, Professor of MS, DrTech, futurist Honorary member of the Club of Rome What will be the long-term impact of AIDS in Africa or concentration of global oil production in the Middle East? Exploring and Shaping International Futures helps readers understand such global trends in demographic, economic, energy, food, environmental, and socio-political systems. It allows businesspeople, government officials, and others to think concretely about global futures in each of these areas. It is the only book on the market that allows readers to use a computer simulation to track global trends and to develop alternative scenarios around those trends. It is one of relatively few books that really brings computer technology into the classroom, boardroom, or policy planning commission. The International Futures (IFs) computer simulation, around which the book is built, is now widely used in policy analysis as well as education. It has been instrumental in projects undertaken by such groups as the European Commission, the U.S. National Intelligence Council, and the United Nations. After three decades of development and refinement, the computer model is now easy to access and use. Readers can access the website with the IFs computer model at www.ifs.du.edu

THRIVE in the Future of Work provides a journey through the realities, implications and solutions for the rapidly changing world of work we live in today. It is a practical account of what we know so far from those who are already there - and it is both a guide and an invitation for you to explore what your own path will be towards Future of Work readiness and fulfilment. The book is presented in four parts across 10 chapters. Each chapter provides a mix of facts, research, case studies, tools and prompts to help readers address the question of what can they do in practical terms to help future-proof themselves and their organizations in the changing world of work. Part 1: "The Changing World of Work and the Agility Challenge" examines the shifts and trends apparent in the world of work and how they have intensified in recent years. We explore what the Future of Work means in practical terms and how it can be broken down at individual and organisational level. The case for Agility as a core capability for Future of Work readiness is discussed and we explore the challenges and benefits of Agility and how it can be managed. Part 2: "Future-Fit and Future-Ready" focuses on Future of Work readiness and Agility at the individual level. We look at the elements and the benefits of an agile mindset - and skillset - and how these can help to proactively manage uncertainty and change with purpose and confidence. The research-based elements of personal agility are explored to demonstrate how individuals can - and already are - successfully navigating the challenges and opportunities presented by the changing world of work. Part 3: "The Future-Ready Organisation" explores the practical realities and implications of the Future of Work at the wider organisational level. We discuss the emergence of a New Employment Deal, as well its implications, challenges and opportunities for leaders, employees and for HR. We look at the future role of the leader and of HR in shaping the new world of work. Part 4: "A Call to Action for the Future" examines the emerging choices for navigating the Future of Work at the societal level, especially in relation to areas such as ESG, education and employment policy. We explore what is needed from all of us as a society to proactively create a work environment where no one is left behind and for "good work" to thrive into the future. Finally, Your Call to Action summarizes the key messages from the book and outlines five practical steps readers can take in navigating their own path into the Future of Work.

This handbook provides an overview of the research on the changing nature of work and workers by marshalling interdisciplinary research to summarize the empirical evidence and provide documentation of what has actually changed. Connections are explored between the changing nature of work and macro-level trends in technological change, income inequality, global labor markets, labor unions, organizational forms, and skill polarization, among others. This edited volume also reviews evidence for changes in workers, including generational change (or lack thereof), that has accumulated across domains. Based on documented changes in work and worker behavior, the handbook derives implications for a range of management functions, such as selection, performance management, leadership, workplace ethics, and employee well-being. This evaluation of the extent of changes and their impact gives guidance on what best practices should be put in place to harness these developments to achieve success.