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Rural Migration Blog

July 2019

The Future of Work

The world of work is changing rapidly, as machines replace humans in ever more jobs, the traditional employer-employee relationship morphs into workers become independent contractors or having only short-term contracts and part-time jobs, and economic inequality widens socio-economic divisions in many societies.

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The Changing Nature of Work: Formal and Informal Jobs

Most of the world’s 3.6 billion workers are in developing countries, where two thirds of workers have informal jobs, defined as jobs that do not offer workers minimum wage protections and work-related benefits such as social security and health insurance.

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The Changing Nature of Work: Social Protection

The World Bank’s 2019 World Development Report, The Changing Nature of Work, emphasized the more dynamic labor markets associated with labor-saving automation and globalization. The report urged governments to invest more in health and education so that workers can adapt to faster labor market churn, as when workers are displaced from one job and must find another.

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