A new report ‘Amplifying Human Potential: Education and Skills for the Fourth Industrial Revolution’ has been picked up today by The Age. Based on a survey of 9000 young people in the US, Britain, Germany, France, India, China and Australia, this report underlines the challenges we face in becoming more entrepreneurial.
The young Australians (16-25) were the most negative about their employment prospects and they also had the lowest level of confidence in their job skills, with just half saying they are confident they have the necessary skills compared to 75 per cent in Brazil and India. It seems fewer than 20 per cent of Australians have a strong interest in computer coding or developing mobile apps – among the lowest of any country surveyed.
Interviewing Dean Davidson (Hudson Recruitment) Fran Kelly made the point that despite the gloom and doom about the downturn in mining, manufacturing and the stock market, we need to be aware that in the services sector employers’ hiring intentions are growing.
(i) key organisations are growing and there is new project work afoot
(ii)organisations/businesses have been running lean and need to reinvest in staff
The employment market is ‘liquid’. Many potential employees are looking for higher remuneration in the US (first choice) or the UK.
The big question is ‘Are we able to get behind start-ups and/or create conditions that keep our young people here?’
THEN… LOOK OUT FOR ROBOTS…
Speaking with the ABC at Sydney’s Festival of Dangerous Ideas, Martin warned of a future perfect storm, when climate change, and robots taking over middle management jobs, cause future generations great angst UNLESS we work out how, as a community, we can manage this.
Discussion is needed about ideas such as a ‘basic wage’ for all.