There is no need to fear digital developments in the workplace. If implemented correctly these new technologies could revolutionise the way people work and make societies not only more productive, but happier.

There is a new rift in our workplaces: between parents and childless employees. Photo by NeONBRAND on Unsplash

This is what decisions makers need to consider in order to make AI and new technology a force for good at work.

Use AI to rehumanise time

AI could make work more intellectually stimulating by automating routine tasks. Handing over the monotonous jobs to robots will free up employees’ time and let them focus on more fulfilling duties.  

Computer programmes don’t care about working unsociable hours and can be set up to run at times to suit market needs. By using AI to cover these graveyard shifts you can afford to give your human employees more flexibility in their working hours. 

Photo by Elena Koycheva on Unsplash

#4. Worries grow over a K-shaped economic recovery that favors some industries over others

 

As the economies pick up the recovery speed from the COVID-19 pandemic, there are growing fears that the bounce-back could look like the letter “K”. That means that some segments of the economy would recover quickly, but others would continue to struggle. According to CNBC, those expected to suffer most and on the declining side include service-based companies, especially those operating in the hospitality industry such as restaurants. On the other hand, the K-shaped recovery would benefit big-box retail and financial institutions.

Some things will bounce back; others will not. Photo by Corona Stocks

#5. US unemployment rate falls below 10% as firms rehire staff


The US unemployment rate fell sharply in August, the BBC reports. According to the official data, companies created some 1.4 million new jobs last month, pushing the unemployment rate below 10%. While unemployment is still higher than before the pandemic, it now stands at 8.4%, much lower than economists predicted only a few months ago. That said, according to Neil Williams, senior economic adviser at Federated Hermes, “even if jobs continue to be clawed back at this pace, it would take another nine months for the 12 million workers displaced since February to return.

Photo by Elena Koycheva on Unsplash

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