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.
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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