Maybe the story is just too juicy for business writers to ignore, but daily news items about Alberta’s economic free fall are more common these days than mosquitoes. Words such as “catastrophe,” “crisis” and “collapse” punctuate articles about job losses and an economy in apparent chaos.
Many Canadians have experienced being on a flight somewhere warm and tropical and returning home to cold and miserable weather. Leaving Phoenix or Fort Lauderdale, it may have been 30 degrees. But as the plane begins to land at the Canadian destination, the pilot may announce, “The current temperature is 1 degree.”
Special to The Globe and Mail
Published Thursday, Jul. 02, 2015
Many economists and social advocates are fretting these days about the job market. It seems that more Canadians are working in low-paying, part-time jobs. Benefits and pensions are becoming less common and job security is eroding.
The concern is understandable. In the language of philosophers and anthropologists, the 21st-century labour market is in the liminal space. It’s at a threshold. The old patterns and rituals are rapidly passing, but the new has not yet fully arrived. It is that point between chapters of a person’s life when all seems ambiguous, confusing and even terrifying.
The old economic model of work was born in the Industrial Revolution. Shift work is a relatively recent idea in the history of humankind. It was translated into the service sector and office economy in the 20th century. As Dolly Parton belted out in 1980, “Working nine to five / What a way to make a living!”
The full-time, full-benefits, full-pension model of work is gradually fading away. There is legitimate concern over the working poor, who are struggling economically by piecing together two or three part-time jobs. The hours are unpredictable, there are few or no benefits and a pension is a pie-in-the-sky dream.
The 20th-century version of employment is now morphing into something new and it’s normal to feel anxious about it. We are in the liminal space where the old is passing but the new has not yet arrived.
But if we can set aside our biases and longings for the good ol’ days of full-time employment, we can start to glimpse the job market of the future – and it may not be as discouraging as some may think.
The future of work is evolving into a series of tasks or activities that we do in exchange for something else. It may be cash, as it was in the 20th century. But it may be something else, such as shared accommodation or transportation. The sharing economy is the 21st-century response to those less interested in accumulating physical assets.
The Gig Economy, as it’s called, fits well with millennials and their general ambivalence to what the baby boomers or Gen Xers considered a good job. A corner office, a dedicated parking stall, a secretary to pour our coffee, a gold watch at retirement – for millennials, it seems about as strange as living on Mars.
Stringing together a series of tasks or “gigs” makes interesting new demands on workers. Skills must constantly evolve. You’re always meeting new people, encountering new ideas and adjusting to changing conditions. Nothing is static, everything is fluid and evolving. Loyalty to corporations is replaced with connections to other human beings. For millions of full-time workers in the 20th century, none of this applied. It was a beige the Bangles’ Susanna Hoffs meant by Manic Monday.
But in the Gig Economy, Monday will become just another day, no more or no less manic than any other day. Shift work will become part of a steady flow for people quite capably juggling a series of tasks.
Gen Xers have a difficult time wrapping their heads around the Gig Economy. Where’s the economic security? Where are the health benefits and pensions? How can these kids ever expect to retire wealthy? These questions make perfect sense to those of us raised between 1950 and 2000 because that’s all we ever knew.
But rather than focusing on our 20th-century notions of employment, we’d be better to concentrate on equipping young people with the skills they’ll need to surf their way through the Gig Economy. We don’t know precisely what work will look like in the future. But that’s okay – we’re in the liminal space.
Todd Hirsch is the Calgary-based chief economist of ATB Financial, and author of The Boiling Frog Dilemma: Saving Canada from Economic Decline.