TODD HIRSCH
  • About Todd
    • Books
    • Commentary
    • BIOGRAPHY and IMAGES
  • SPEAKING TOPICS
  • Spiders in COVID Space
  • Request Todd to speak
  • CONNECT
  • About Todd
    • Books
    • Commentary
    • BIOGRAPHY and IMAGES
  • SPEAKING TOPICS
  • Spiders in COVID Space
  • Request Todd to speak
  • CONNECT

Full-time employment model is giving way to the Gig Economy

7/3/2015

0 Comments

 
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.

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Archives

    June 2020
    May 2020
    April 2020
    November 2018
    June 2018
    May 2018
    April 2018
    November 2017
    June 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    September 2016
    August 2016
    July 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012
    May 2012
    April 2012
    March 2012
    February 2012
    January 2012
    December 2011
    November 2011
    October 2011
    September 2011
    August 2011
    July 2011
    June 2011
    May 2011
    April 2011
    March 2011
    February 2011