Tech companies have “huge role” to provide new jobs

By Paddy Smith
CEO and trades union federation boss warn of widespread disruption to job market at WEF summit...

Technology companies have a “huge role” to play in providing new jobs that focus on climate and public services, the WEF Jobs Reset Summit has been told.

C Vijayakumar, president and chief executive officer of HCL Technologies, told the conference, ““The 21st century will be marked by the sustainable economy – tech companies have a huge role to play to create these new jobs in the intersection of climate change and public services, as well as consumer products.”

Sharan Burrow, general secretary of the International Trade Union Confederation, warned that “internet-mediated platform jobs are absolutely breaking down wages and conditions.” 

She advocated for employers and governments to guarantee minimum wages and maximum hours, universal social protection and occupational health with “mandated due diligence around workers and their rights”.

Burrow argued that the internet gig economy has led to the collapse of collective bargaining, with three out of four people saying their incomes had stagnated or reduced since the late 1980s. “Flexibility,” she said, “doesn’t mean exploitative work.”

In the next five years, machines will displace an estimated 85 million jobs but create around 97 million new jobs across 15 industries and 26 economies, according to the Forum’s Future of Jobs Report 2020. The global recession driven by Covid-19 has accelerated this trend and created a highly uncertain outlook for global labour markets.

Share

Featured Articles

Survey into future of cloud security in the Middle East

Technology Magazine is conducting a survey The Future of Cloud Security in the Middle East to highlight cloud adoption and security readiness in the region

Infosys serves up digital innovations at the Australian Open

Infosys and Tennis Australia are marking five years of partnership with tech experiences for a more sustainable, immersive, and accessible Grand Slam

Top 10 best metaverse platforms to look out for in 2023

Set to be worth US$5tn by the end of the decade, could 2023 be the year the metaverse truly kicks into gear? We look at 10 of the top platforms to find out

Only half of organisations have budget to meet cyber needs

Cloud & Cybersecurity

Microsoft confirms ‘multibillion-dollar’ OpenAI investment

AI & Machine Learning

Cognizant to acquire Mobica to enhance IoT service offerings

Digital Transformation