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RAPPORT

What if...

Employment as we know it today disappears tomorrow?

"Industry 4.0 is changing the nature and shape of both our economy and our lives. Today, the scope for transformation seems endless, from cars that drive and park themselves, to on-location production through 3D printing and wearable technology that is controlled by our thoughts to name a few.

But while there is consensus that dramatic changes are happening in economies and societies, there is considerable debate over their impacts on labor markets.

By examining the prospects for Germany, Switzerland and Austria (GSA) to 2030 in relation to Industry 4.0 we can better understand what economic shifts are likely to occur and how great those shifts will be. In many ways, these countries are well placed for the transition to a more digital economy.

All three have well-educated populations, are home to world-class universities and possess the prosperity to invest in new technology. In this study we have drawn from insights shared in interviews, through scenario planning, and econometric analysis to model possible outcomes and impacts on the size, shape and skillsets of future workforces in each country. Those insights are key to defining our response to forces transforming the way we work.

Of course, none of the suggestions incorporated in the study are necessarily quick or simple fixes to the scaling challenges that our workplace faces. They offer a constructive starting point for richer ongoing conversations regarding the transition to a brighter future for the GSA region through shaping a long- term sustainable future, harnessing human values and long-term value in business and government.

Join the conversation #FutureWorkNow"

Silvia Hernandez

 

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