The Future of Work: Less than 10% of People Have Jobs

Posted By on November 4, 2015

This article features some thinking from Steve Jurvetson, a Managing Director of Venture Capital company Draper Fisher Jurvetson.

Steve is a savvy VC and was the founding investor in Hotmail (MSFT), Interwoven (IWOV), Kana (KANA), and NeoPhotonics (NPTN). He also led the firm’s investments in other companies which were then acquired for $12 billion in aggregate.

Current Board positions include SpaceX, Synthetic Genomics, and Tesla Motors (TSLA). Previously, Steve was an R&D Engineer at Hewlett-Packard, where seven of his communications chip designs were fabricated. Steve was honored as a Young Global Leader by the World Economic Forum and a Distinguished Alumnus by St. Mark’s, where he was the 2010 Commencement Speaker.

In; The Future of Work: Less than 10% of People Have Jobs’ I have shared some articles and interviews where Steve talks about what may be a very real future of work.

On the Edge of Automation

Five hundred years from now, says venture capitalist Steve Jurvetson, less than 10 percent of people on the planet will be doing paid work. And next year?

In this fascinating article from the MIT Technology Review Steve outline his thinking of where we are headed.

“Five hundred years from now everyone is going to be involved in some kind of information or entertainment … There will be no farmers, there will be no people working in manufacturing.”

He is also quite realistic in relation to the new economy and what new tech will result in as well:

“If a startup or new business venture has created a job that involves human labor, it probably has done so in a way that is pretty marginal. Whether you’re a technology enthusiast or a detractor, the rate at which this will shift is probably going to be unprecedented. There will be massive dislocation.”

Steve Jurvetson at i4j: Going Long on the Future of Work?

‘New Narratives: Innovation for Jobs’ is a series by i4j (Innovation for Jobs) and the GPA exploring perspectives on important topics that will impact the future of work, jobs and employment.

About i4j: (iiij.org/i4j) Innovation for Jobs conferences bring together individuals from the public and private sectors to discuss the changing economy. “We engage in initiatives creating structures for developing shared language across silos. The starting point for any innovation is the creation of shared language, enabling stakeholders and change agents to interact horizontally.”

This film was created at the Mountain View 2015 i4j Conference. What are your hopes and fears about the future of meaningful work?

Accelerating the Rich-Poor Gap

At Solve for X Steve talks about the 1%, how normal folk will progress fiscally and how happiness correlates with disparity.

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Nikolas Badminton is a world-respected futurist speaker that researches, speaks, and writes about the future of work, how technology is affecting the workplace, how workers are adapting, the sharing economy, and how the world is evolving. He appears at conferences in Canada, USA, UK, and Europe. Email him to book him for your radio, TV show, or conference.


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