Top Five Trends in the Future of Work
We are increasingly a knowledge-based economy in the U.S., and work can be delivered digitally from anywhere. Take NightHawk Radiology in Coeur d’Alene, ID, for example—they are providing radiologists to any hospital that needs real-time availability and lower costs. They work online from Switzerland and Australia, but it could just as easily be Wenatchee or Usk, WA. These are often the jobs that create other jobs. An Amazon, Microsoft, or RealNetworks software technician for example, creates two to four other jobs within the communities they live.
This has all been made possible by the following 5 trends/innovations of the past decade:
1. Expansion of broadband throughout the U.S. and abroad.
2. Maturing of Web development tools and standards.
3. Usable Web access via handheld devices.
4. General acceptance of financial transactions over the Web as being safe and secure.
5. Emergence of online work and worker marketplaces.
I believe that a huge portion of the highest paying jobs in the next 10 years will be served across the wire, with less and less dependence on physical location. [Disclosure: The author is the co-founder of Smartsheet, an online collaboration and work management firm—Eds.] Small towns across the Northwest are currently growing with telecommuting professionals moving toward lower costs, higher quality of life, and less city hubbub.
The past decade’s innovations coupled with the increasing base of knowledge workers leads to my predictions for the coming decade:
1. Migration of professional people from high tax & regulation states to low tax & low regulation states.
2. Explosive expansion of work marketplaces and paid crowdsourcing for all kinds of jobs.
3. More productive people will work for themselves by shopping their considerable talents around the world via work marketplaces.
4. Job performance and work quality will become transparent as people’s work is reviewed online much as products are today.
5. Average earnings for high performers will be more than double the average earnings in their category.
Virtual assistants, a job category that is growing 50 percent a year, is already demonstrating these trends. More and more people are timesharing executive administrators. Most are home-based women (98 percent of V.A.s are women) who are now picking up extra income, or building full businesses.
I expect that we’ll look back in 10 years and wonder why we spent over $4.2 billion to move a relatively small amount of Washington state’s population less than 10 miles through a new tunnel [to replace the Alaskan Way Viaduct in Seattle—Eds.]. Had we spent half that much on schools, high-speed Internet access, and infrastructure across the whole state, it would have been a much bigger boon for the state’s economy.
Ten years from now, where you live will be a matter of lifestyle choice, not proximity to work.