Presenting Workforce For Service Era

The process of moving from low-quality jobs to better jobs is essential for economic development. Historically, industrialization has been the main driver of this process. However, due to increasing skill requirements and global competition, manufacturing sectors are no longer able to accommodate the workforce. Even countries with strong industrial sectors, like China, are seeing declines in manufacturing employment. For the future job market, presenting more workers in the service sector will be a necessity.

Traditional economics has always focused on what people buy and consume rather than the jobs they have. Modern economics has continued this idea, saying that one can measure how happy people are by looking at what they buy. As a matter of fact, this way of thinking does not consider the importance of having a good job. People only see working for a living as a way to pay for things, not as a way to improve themselves. Most good jobs will be in future services like healthcare, education, and technology. However, these services are not very productive or organized in many third world countries. This is a problem because governments usually focus on helping big manufacturing companies grow instead of helping service sectors.

Jobs give people a sense of pride, security and importance in society and help them feel like they belong and contribute to society. When people lose their jobs, government cannot just give them money to make up for it. In the same way, when good jobs disappear, it affects the economy and causes problems in our communities, such as increasing crime rates. Moreover, distributing or sharing resources among individuals is important not just in developed countries but also in least-developed countries. In developed countries, a good job means being able to live a comfortable life and have rights at work. In least-developed or underdeveloped countries, a satisfactory job means having a more promising life than doing hard work in farming or struggling in the informal sector.

At this point, governments need to learn how to make services more productive and create more jobs to fix this. They can do this by working closely with companies to solve problems and make it easier for them to grow. It is imperative to adopt a selective strategy that prioritizes companies and subsectors with more potential for success to enhance employment in the services sector. As an illustration, Haryana State collaborated with organizations like Ola and Uber to enable the recruitment of young people as drivers. To make it easier for these companies to hire drivers, the government changed some rules and shared information about unemployed young people. In return, the companies hire a lot of young people. After all, this partnership has been successful and has already created over forty four thousand new jobs for young people in Haryana.

In the past, countries that concentrated on making and selling things to other countries grew fast. Nowadays, focusing on providing services like healthcare, education, and technology can help countries develop. Besides, Local governments are better suited to carry out pilot programs. Thus, a growing middle class will further boost domestic demand and job creation in services in the future. Adopt a jobs-focused strategy is crucial in this case. It involves empowering workers to transition into higher-quality jobs, encouraging growth, enhancing employment opportunities for individuals at the lower end of the income spectrum, and promoting fairness for economic growth and equity to thrive.

Reference(s)
Baldwin, D. (2024, February 8). Why Chinese Manufacturing Is Faltering. TACNA.
FutureLearn. (2022, December 16). Top 14 jobs of the future | Careers in high demand.
Mugulur, A. (2019, July 5). Samagra | Transforming Governance.
Rodrik, D. (2023, December 12). Better Jobs Mean Better Development. Project Syndicate.