Case Interview Preparation & Management Consulting | Strategy | Critical Thinking cover image

607: Power to the Middle, Reimagining the Roles of a Mid Level Manager, The Key to the Future of Work (with McKinsey’s Emily Field)

Case Interview Preparation & Management Consulting | Strategy | Critical Thinking

CHAPTER

Meeting Basic Needs, AI and Job Displacement, and the Role of Managers

This chapter explores the significance of meeting basic needs and the comfort of familiarity. It also discusses the age of AI, dispelling fears of job displacement and emphasizing the creation of new jobs. Additionally, it highlights the evolving nature of work and the role of managers in optimizing technology, humans, and skills.

00:00
Speaker 2
It comes, it's really, it just really muscles hierarchy of needs. People in that situation, they really need freezers more than they need more money, because it just gives them some sense of well being and comfort. And of course, as humans, we really, I can tell you, I loved my home country. And of now I have multiple home countries, but at that time, my home country a long time ago. And every time I eat food that I use to eat as a child, it's very special experience, and it gives you a lot of comfort. So another question that I feel we have to discuss, topic we have to discuss is of course the current age of AI and fears of job displacement. And how can managers city bundle jobs instead of eliminating them?
Speaker 1
Yeah, so if we think about it, the world of work is going to be changing significantly. So depending on, you know, you can look at different stats, but I'll throw a few out there. Right. By 2030, approximately 85 million jobs are going to be significantly disrupted. Before we get really concerned about that, the great news is that 97 million jobs are being created. So actually more jobs are being created than are going away. On top of that though, jobs are changing, right? So for knowledge workers, approximately 10% of the job of a knowledge worker can be significantly changed or go away completely because of gender of AI. And so what does that mean? That means it's not just about like wholesale automation of jobs. That's actually, you know, not the norm. It's actually about automation of tasks. And what do we, what are, you know, what are jobs? They're compilations of tasks. And so if you think about it, the manager can be this reimaginer, right? They can be this re-bundler. And they can actually say, okay, if this is the direction of my group, if this is what we need to accomplish, how do we use technology? Right? How do we augment it with humans? How do we deliver? And then what are the roles I need, right? To complete those tasks. What are the skills I need to be able to deliver? And so managers have such a critical role in actually being able to go from enormous potential to reality.

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