Week 10-12.docx - Week 10 Future of Work u25cf u25cf...

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Week 10: Future of Work Australia has an ageing population - Over 15% of Australia’s population was over 65 in 2013 People also living longer due to rising living standards Male labour force population was at approximately 72% in 2014 Decreasing trend Due to decline in manufacturing industries (which is male-dominated). Substantial decrease in men aged 35-54 Female labour force population was at approximately 59% Increasing trend Role of migration Gender Pay Gap Currently at 17.3%, hovered between 15-19% for the past 2 decades Despite different sources that calculate the pay gap, it still exists. Does not account for different roles that men and women are employed in Influenced by interrelated work, family, and societal factors, such as: Stereotypes about the work men and women ‘should’ do. The way women and men ‘should’ engage in the workforce Men and women working in different industries (industrial segregation) Different jobs (occupational segregation). Female-dominated industries and jobs historically attract lower wages Lack of women in senior positions; lack of part-time or flexible senior roles. Women more likely than men to work part-time or flexibly as they undertake most of society’s unpaid caring work. Differences in education, work experience, and seniority. Discrimination, both direct and indirect Glass Ceilings : Women being limited in climbing the corporate ladder. Glass Walls : Women can’t get into specific areas where revenue is raised Glass Cliffs : Tendency of groups, organizations, or political parties to put women in power during times of crisis. Education Levels Year 12 retention rate doubled since 1983, 82.9% in 2013 80.9% of 15-19 year olds are enrolled in study 41.1% of 20-24 year olds are enrolled in study 24.6% of 15-64 year olds have a bachelor or higher qualification.
Industry and Work Rising trend in services industry Significant decline in manufacturing and agricultural industries. Future of Work 40% of jobs face a high probability of being replaced in the next decade or two; 18.4% of the workforce has a medium probability of their roles being eliminated Jobs with low levels of social interaction, creativity, mobility, and dexterity are more likely to be replaced by automation. Differences in opinion surrounding technology: Robots and AI will lead to a fall in the market as the only jobs will be low paid, unless you are lucky. May improve to the role of the human as new technologies emerge. Must focus on the social skills that humans bring. Gig Economy : More people either choose to, or are forced to, earn their livelihood on lots of small ‘gigs’ rather than being employed full-time or part-time. Importance of education: Gives people professional and vocational skills Fosters mindset of the innovative change agent - embracing change rather resisting Learnable skills; requires willingness to leave one’s comfort zone. Week 11: Emerging Economies Subset of developing economies.

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