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A comprehensive and proscriptive report on job loss due to automation from McKinsey

A comprehensive and proscriptive report on job loss due to automation from McKinsey
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Demand for technological, social and emotional, and higher cognitive skills will rise by 2030. How will workers and organizations adapt?

Source: www.mckinsey.com

If you or your clients are worried about how automation will impact the future of jobs, this 84-page report is a must-read. It includes breakdowns by industry, geography (US vs Western Europe), and extent of adoption. 

 

It devotes many pages to what organizations are doing to prepare. Key strategies include:

  • More continuous learning
  • The creation of new business units
  • More cross-functional collaboration
  • More agile ways of working
  • More team-based work

 

Dividing organizations into three buckets: extensive, moderate, and limited adopters of automation, it reveals substantially different views of the future world and in how each group is preparing for it. Of concern, is that the slow adopters will not invest in the preparation strategies outlined above and that, at the macro level, will create significant economic hardship for the most vulnerable.

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