The Career Success Podcast w/ Jeff Wald & Jason Connolly27 July, 2021
In this episode we are joined by Jeff Wald from Manhatten in the US.
Jeff Wald is the Founder of Work Market, an enterprise software platform that enables companies to manage freelancers (acquired by ADP).
Jeff has founded several other technology companies, including Spinback, a social sharing platform (eventually purchased by salesforce.com). Jeff is an active angel investor and startup advisor, as well as serving on numerous public and private Boards of Directors.
Jeff is the author of the Amazon Best Seller The End of Jobs: The Rise of On-Demand Workers and Agile Corporations.
As the robots rise, we are faced with the End of Jobs, but not in the way you might think...
The world has witnessed three step functions in technological change: mechanisation, electrification, and computerisation. These industrial revolutions led to massive increases in productivity and thus we need far fewer workers. With each of these technological breakthroughs, the power balance between companies and workers shifted heavily to companies. The abuses of that power by companies instigated employee unrest and sometimes even armed uprisings. Counterbalancing forces rose to constrain companies’ power, eventually prompting unions, regulation, and the social safety net to bring stability to the relationship.
As we enter the fourth great leap forward in technology with robots and AI, we face the first services revolution. The power balance will again shift massively to companies as new technologies drive productivity increases in the service industry, much as the last three industrial revolutions transformed manufacturing. What lessons can we learn from the past three industrial revolutions and the current state of the labor market? How will we renegotiate the social contract to ensure fairness for workers, set clear rules for companies, and provide stability for society? What is the future of work?
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