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GZERO World with Ian Bremmer

Special Edition: Shifting Balance, Shifting Priorities: Where Work Goes Next

GZERO World with Ian Bremmer

GZERO Media

International Relations, Government, Foreign Policy, Gzero World, News Commentary, Trump, News, Global Economy, Geopolitics, Politics, Ian Bremmer

4.6684 Ratings

🗓️ 21 October 2021

⏱️ 30 minutes

🧾️ Download transcript

Summary

The nature of work had already been changing long before the global pandemic accelerated trends around flexible work, remote work technology, and the gig economy. While some industries and workers have benefitted from these changes, others have been left behind - including many women who dropped out of the workforce due to family concerns, or service-industry professionals whose jobs evaporated.  The latest episode of Living Beyond Borders, a special podcast series from GZERO brought to you by Citi Private Bank, looks in depth at the future of work and how the latest trends will change business, the economy, and the global political balance. Moderated by Caitlin Dean, Head of the Geostrategy Practice at Eurasia Group, this episode features Ida Liu, Global Head of Private Banking at Citi Global Wealth and Alexander Kazan, Chief Commercial Officer at Eurasia Group.

Transcript

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0:00.0

I think it's estimated that roughly 35% of the workforce relied on a gig job for primary or secondary income last year, which is double what it used to be just five years ago.

0:11.3

I mean, this makes sense, especially as the workforce recently experienced a major shift in preference to more flexible working arrangements.

0:20.1

4.3 million people in the U.S. quit their jobs in August.

0:24.6

That's astronomical. It's not only the most on record, but it represents 3% of the total workforce.

0:32.1

So what that means is that employees not only need to compete for finding new workers,

0:37.7

but they have to be competing to keep existing ones from leaving.

0:50.0

Welcome to Living Beyond Borders, the podcast from City Private Bank and G0 Media that examines the risks and opportunities in our rapidly changing world, from global politics to economics and what it all means for you.

1:04.7

I'm Caitlin Dean, head of the geostrategie practice at Eurasia Group.

1:09.4

In early 2020, life as we knew it came to a grinding halt almost everywhere.

1:15.0

While many essential workers bravely donned protective gear and headed to the front lines of

1:19.2

the pandemic, millions more went from this to this.

1:26.7

Can you say that again?

1:27.5

You're kind of going out on my end.

1:28.7

Mike?

1:29.3

Can you hear me now?

1:32.2

Yes, yes, we can hear you.

1:33.6

Mute yourself and meet me after the call.

1:35.7

I don't know how to remove it.

1:36.7

I'm trying to you.

1:37.3

But the truth is, work has always been evolving.

1:40.8

The pandemic may have accelerated some shifts and trends that were already coming.

1:45.1

But what will remain if and when we return to normal?

...

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