ContextThe human capital story is one of false promise: investing in learning isn’t the road to higher earnings and national prosperity. But rather than abandoning the idea of ‘human capital’ it needs to be redefined in an age of smart machines. This talk will consider different interpretations of the fourth industrial revolution and the role of digital technologies in (re)shaping the future of work, education, and labour markets. It will present a theory of ‘job scarcity’ rather than ‘labour scarcity’, which does not signal the end of work, but the need for a new theory of human capital where the fundamental problem is a lack of quality jobs offering interesting, worthwhile, and rewarding opportunities.
SpeakersPresenter: Phillip Brown, Distinguished Research Professor, Cardiff University.
Discussant: Sangheon Lee, Director of the Employment Policy Department, ILO.
Chair: Uma Rani, Senior Economist, ILO.