Technological Advances and the Changing Nature of Work: Deriving a Future Skills Set

Abstract

Technological advances in the field of artificial intelligence, machine learning and robotics are highly likely to change the nature of work for individuals in the developed world. In line with that, the latest research points to the important role of socio-emotional or soft skills. Investing in these skills enhances the individual’s labor market productivity. Accordingly, the paper seeks to develop an adequate skill set to meet future demands at the workplace. The results reveal four main areas to play a significant role in the future workforce. This holds in particular for areas of human-machine collaboration, where both parties are allowed to demonstrate their comparative advantages.