Social policies needed to accommodate changes brought on by Fourth Industrial Revolution

4차산업혁명으로 인한 일자리 변화에 대응하기 위해 사회안정망과 일에 대한 가치 재정립 필요

Artificial intelligence, the Internet of Things,… and virtual reality.
All part of what’s called the Fourth Industrial Revolution.
But it’s not clear how these innovations will affect our lives — how we do our jobs, our incomes — and what needs to be done about it.
Our Oh Soo-young sat down with an expert at a forum in Seoul for his insights on the inevitable changes to come.
How will the Fourth Industrial Revolution affect our wallets?
At a forum in Southern Seoul,.. experts discussed how Korean society should adapt to the changing nature of jobs and its inevitable impact on our livelihoods.
According to OECD studies,…Korean workers are at the lowest risk of being replaced by machines, due to their high level of education and skills that are hard to automate.
Still, with technological advancements expected to create new fields of work and– at the very least– play a supportive role in
traditional jobs,… working hours and conditions are expected to become more flexible and subject to change.
Experts say,… without more pro-active social policies,… this so-called ‘gig economy’ may only add to the low job security and
income polarisation, currently faced by Korean households.
This calls for stronger social safety nets and new labor policies to ensure job mobility without instability.

“By reforming the taxation system to provide basic income distribution, and also providing education to develop new skill sets,… workers who are temporarily displaced by industrial changes can be reassured that the national system will soon get them back on their feet.”

Moreover, with machines carrying out more repetitive and predictable tasks, future jobs will require more creative and “human-centered” roles.

“We will need service jobs that involve high interaction. Individuals will develop professions in areas of personal interest, creating their own niche in jobs like life coaching, retirement planning or personal information management.”

This will redefine how we value work and productivity,… from material-driven to socially beneficial.
To help facilitate new services and innovations of this kind, experts stressed the need for education in utilising data, artificial intelligence and platform technology.

“Until now, much of the focus has been on how to drive the advancement of new technologies,… but experts say it’s high time that Korea works to build a social consensus,… to ensure the way we live and work also improves for the better.
Oh Soo-young, Business Daily.”

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