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The future of work The disruption of work is bigger than anything we’ve seen before … … raising profound questions for business, government and society © 2016 EYGM Limited. All Rights Reserved. EYG no. 01137-163GBL. ED None Stage 1 Nonemployee freelance workers Temporary assignments Sharing economy platforms Stage 2 Disrupting business Massive labor disruption Human labor displaced and supplemented Jobs unbundled into tasks Artificial intelligence and robotics 40% of US workers independent contractors by 2020 1 White collar and creative work not immune 1. Intuit, Intuit 2020 Report: Twenty Trends that will Reshape the Next Decade (2010). 2. World Economic Forum, The Future of Jobs Employment, Skills and Workforce Strategy for the Fourth Industrial Revolution (2016). net job loss by 2020 2 5.1 million How will labor be put to its highest and most efficient use? Will workplace protections survive? What new business models will companies need? Disrupting government How will governments and regulators adapt to remain relevant for the future of work? Disrupting society How will we address income inequality? How will workers and citizens be motivated in the machine economy? When machines become workers, what is the human role? The gig economy The machine economy

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Page 1: Future of work V7 - Ernst & Youngcdn.ey.com/echannel/gl/en/issues/business-environment...What new business models will companies need? Disrupting government How will governments and

The future of work

The disruption of work is bigger than anything we’ve seen before …

… raising profound questions for business, government and society

© 2

016

EYG

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imite

d. A

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ight

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1137

-163

GB

L. E

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one

Stag

e 1 Nonemployee

freelance workersTemporary assignments

Sharing economy platforms

Stag

e 2

Disrupting business

Massive labor disruptionHuman labor displaced and supplementedJobs unbundled into tasks

Artificial intelligence and robotics

40%of US workers independent contractors by 20201

White collar and creative work not immune

1. Intuit, Intuit 2020 Report: Twenty Trends that will Reshape the Next Decade (2010).

2. World Economic Forum, The Future of Jobs Employment, Skills and Workforce Strategy for the Fourth Industrial Revolution (2016).

net job loss by 202025.1 million

How will labor be put to its highest and most efficient use?

Will workplace protections survive?

What new business models will companies need?

Disrupting government

How will governments and regulators adapt to remain relevant for the future of work?

Disrupting society

How will we address income inequality?

How will workers and citizens be motivated in the machine economy?

When machines become workers, what is the human role?

The gig economy

The machine economy