The Future of Work Conference Highlights - October 2012

Uploaded by AWPAgency on 16.10.2012

♪ Opening Music ♪
Professor Lynda Gratton's video presentation a
short moment ago, gave us quite a lot to think about.
Globalisation, demographics, societal changes.
How are they going to affect work and how
are they going to affect corporations?
Because the money makes all of the problems go away.
The Reserve Bank believes the mining
boom's actually reached an end.
♪ Music ♪
South Korea spends much less per student than other
education systems, yet achieves far better student performance.
Where does this leave us for the future of work?
And they're prepared to pay whatever it takes to get
the smartest teachers into universities.
We're not prepared to do that, at this stage.
China is now the home to the world's fastest computer.
Freelancer where it can be anyone working
from anywhere, at any price, and that space
between them is the drop, to the bottom.
♪ Music ♪
Employees do expect to be fairly rewarded for their efforts.
How exposed are Australian jobs in this
emerging environment? They had built up skills and the job
just disappeared underneath them because in China,
people with the same skills are prepared to work cheaper.
♪ Music ♪
Yes, the world has changed.
Did they sort it out? They made sure that wages
were increased. We understand that higher productivity
is the primary means by which we can grow.
Unless unions or employer bodies can change their
entire charter, there is no point in having either them.
As computers increasingly dominated our lives,
those who had the expertise would be the lucky ones.
Many of you will recognise as a pen, may well
prove to be unrecognisable in 20 years time.
Technology is with us, everywhere.
A big question that is often asked is "Will robots take
humans' jobs?" and the answer is "Yes."
♪ Music ♪
But, humans will create new jobs that
require different skill sets.
The community is expressing clear needs,
especially in the Aged Care sector. The need for
independence. The need for quality of life.
But when you look at the successful economies in
the world, the east Asian economies, they've
always been at the business of governing the market.
They don't let the market govern them.
Long term jobs are going to unwind into shorter
term beginnings, and shorter term gigs are going to
start to dissemble themselves into very short term tasks.
My board colleagues and I do not always agree 100% on
the path to get there, but we do share a common cause in building
an economy that provides decent work and prosperity.
The hyper connectivity of both the people and the computers
is here and it's here to stay, and this change is happening.
Human capital is becoming an increasing focus of
organisations as they think about the future.
And I'm also very, very confident in the
resilience of our society and our people.
Providing we have good values and we've got sound education,
and we are adaptable, flexible and resilient, we'll be fine.
The race to the bottom is when you get to such
low wage scales that your economy becomes
fundamentally unsustainable, because it's
constantly being undermined by lower wage
providers, in countries that have different wage
arrangements and different costs of living.
Where the work is being done with the green end,
and as you can see, the vast majority of the services
offered, are from the developed world, to the developing world.
If we pause a moment, and ask ourselves, what any
truly great company relies on, it is its people.
We now have all of the techniques, not just the
technology, but the understanding to make it real.
♪ Closing Music ♪