My recently launched Future of Work framework provides a highly summarized overview of the future of work. Over coming months I will delve into specific aspects of the framework.
One of the most important issues is divergence in labor productivity, mentioned as the fourth point under Labor Productivity in the Economic Structure section.
Across industries as well as countries, the productivity of labor is diverging dramatically, creating job opportunities in some sectors and constraining them in others. There are many broader issues in shifts in labor productivity that I’ll come back to another time. For now, it’s worth looking at these two charts.