UBI – The concept of universal basic income is not new but you are hearing about it more frequently nowadays because it is being supported by the largest future industry i.e. information technology sector.
Traditional labor economics (in practice, if not in theory) treated labor like any other fixed asset: Fully depreciable over a fixed period of time, expected to yield diminishing returns—and like all fixed assets—something that could be disposed of at nominal junk value.
The 1990s were a watershed decade for development economics. Dr. Prahalad’s classic, The Fortune At The Bottom Of The Pyramid opened a new way of thinking about society’s most disadvantaged and economically underrepresented people.
Public concern surrounding job automation is almost palpable: Thinktanks and news publishers have been predicting the elimination of skilled human jobs for almost a decade.
90 was the era of talent debates where ‘war on talent’ was the most coveted debate topic. The time changed and here we are talking about the ‘war for talent’ indicating a major shift in the workplace and recruitment norm.
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