OECD Releases 2019 Employment Outlook
The Future of Work addresses megatrends transforming the labor market
The 2019 edition of the OECD Employment Outlook released in October 2019 takes a look at new evidence of changes in job stability, underemployment, and the share of well-paid jobs globally, and discusses how policy creates implications with respect to how technology, globalization, population ageing, and other megatrends are transforming the labor market in OECD countries.
The report discusses how organizations might better prepare themselves for technological changes, as well as further globalization, which “hold great promise for further improvements in labor market performance.”
Referring to change as “a process of creative destruction” the report encourages employers to brace for change, which often means that they need to prepare to re-train workers as automation takes over more and more processes that used to be performed by people. The report also addresses the role of adult learning, with a particular focus on the most vulnerable groups.
The report also discusses how labor market regulation might be used to extend rights and protections beyond standard employees, as well as to rebalance bargaining power between employers and workers.
It analyses how collective bargaining and social dialogue can be mobilized to address emerging challenges in the labor market, looking at the role of government, social partners, and new forms of collective organization.
And finally, the report also assesses challenges for social protection policies, presenting evidence on the support gaps affecting different types of worker, and discussing reform avenues for preserving and strengthening the key stabilizing role of social protection systems.