The timeline above shows clearly how post the 2008 Financial Crisis, a boom of innovation on the internet. The Crisis of 2008: A Trigger for huge dissemination of information across the internet and the creation of platforms allowing multiple users take back a degree of control over their personal finances. Monetizable platforms like Youtube, Uber, Airbnb, Fivver, Shutterstock and numerous others have not only ensured the need to have a stronger digital footprint but have also transformed the way people make a living. The proliferation of tools to the masses to build their own digital assets and the democratization of skills and knowledge has forever changed the way the layman’s ability to advance in their careers. All this culminates in a shift in what it means to be employed. New ideas in Personal Finance like Robert Kiyosaki’s “Rich Dad, Poor Dad” have further advanced the idea that diversification and flexibility are the need of the hour to tackle the pitfalls of globalization. Thus creating the New Paradigm of Employment. The Future of Jobs will never be the same again.
The New Paradigm of Employment
The backbone of the workforce even in 2020 is the conventional mode of employment. Students typically graduate between the ages of 22-25 years of age, find jobs or are placed via campus into corporations that typically host a 9-5 work culture. Admire long tenures at single organizations and frown on having multiple employers. They insist on candidates having expensive degrees and focus less on the number of vocational skills they have. Working from office and adherence to office timings is considered professional while remote working still hasn’t been considered legitimate.
The New paradigm of Employment largely allows for the workforce to start earning for themselves much early on. It allows and in fact mandates a diversification of revenue streams thus ensuring the prioritization and focus on adding and being well versed in multiple vocational and technical skills. The more opportunities it provides compels candidates to be more flexible with time. Which in turn requires a remote workplace and flexible work timings. The ubiquitous nature of the Internet now compels professionals to have a deep, credible and strong digital footprint, be it in terms of portfolios or digital assets.