8 ways the workplace will change in 2050
A peep into the dramatic
developments that will define how the next generation works
Over the years we've seen
the workplace go t h rou g h a number of dramatic changes. Business Insider
spoke to people with expertise on the workplace to better understand how it
could change by the year 2050. These are only predictions, of course, but given
the rapid pace of change underway thanks to advancements in technology, here
are eight likely scenarios we could see in the next few decades.
The corporate ladder could become the `corporate lattice'
“ Traditional roles are
going to disappear because many workplaces are going to disappear, so the whole
structural hierarchical system is going to disappear,“ says James Canton,
chairman and CEO of the Institute for Global Futures and author of Future
Smart: Managing the Game-Changing Trends that Will Transform Your World.
“You'll end up with a system, a network of humans and artificial intelligence,
crowd-based intelligence -they're all going to get mashed up.“
Artificial intelligence could replace jobs
“[A University of Oxford
report] predicts that by 2030, let alone by 2050, we'll have lost almost 50 per
cent of the workforce to artificial intelligence,“ said David Price, co-founder
of cultural-change practice ` We Do Things Differently ' and author of OPEN:
How We'll Work, Live and Learn in the Future. The report noted that the
transportation and logistics industry was susceptible to upheaval thanks to the
development of driverless cars etc. Even jobs like the classroom teacher, are
at risk. ... but also create jobs that didn't exist before
Canton predicts a scenario
in which humans and robots will work side-by-side in the future, where new jobs
could include operating artificial intelligence based tech and old jobs could
be augmented by it. “We're going to need to train people how to use AI
smarter,“ Canton says. Employers could start recruiting from a global pool of
freelancers It's cheaper for employers, who have an entire world of workers at
their fingertips, to hire freelancers rather than full-time employees, as it
doesn't involve a lengthy hiring process or offering employee benefits.
But Price cautioned that
this dynamic has the potential to exploit the labour force. If the reason
people will freelance is because companies don't want to hire and pay full-time
workers, “What kind of a society are we going to be getting?“ Price asks.
Retirement could be a thing of the past
People are living longer
and the cost of living keeps going up, requiring many to keep working much
later in life. The young generations will not save enough for retirement the
way their parents did, as they won't be able to afford it. “I think people will
live and work as long as they're capable,“ Price says.
Workers may demand more of
employers, leading to even more career hopping
A `future of work' report
from Pricewaterhouse Coopers predicts that people will continue shifting away
from the one life, one career mentality -an already observable trend among
millennials. Workers will follow their passions as they change and for many that
also means changing careers.
Employees could be monitored, and not just at work
The PwC report also
envisions a world in which employers can monitor and screen their employees at
a more advanced level: “Sensors check their location, performance and health,“
the report states.“The monitoring may even stretch into their private lives in
an extension of today's drug tests.“
More companies could dissolve traditional offices and headquarters
Co -working spaces are
becoming more popular, not just among freelancers and entrepreneurs but also
corporations that can use them to relocate employees.
Dissolving the traditional
office would enable companies to hire the best candidates all over the world
regardless of proximity to a central company hub .
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