“HOW TO DISRUPT UNEMPLOYMENT”
How can innovation disrupt unemployment and create meaningful work for everyone? How can we create a strong middle class innovation economy? Consider this opportunity: Less than half of all people in the OECD countries are in the workforce. Only a third of them are engaged in their work. Less than a quarter of the US human capacity is creating value in the economy.
Imagine if innovative entrepreneurs could use technology to create jobs tailored to fit every person in the same way products and services can be tailored to match consumer tastes? What if this technology could match the innate abilities and passions of every individual with the most valuable opportunities in a long-tail economy? If we increased the workforce to 100 percent of the population—with people doing things they like—an oversimplified guess suggests we could quadruple GDP. That is a fifty trillion-dollar market in the US. But of course, it’s much more complicated than that. It would be a complete transformation of the economy. What might such an innovation economy look like? What would it take for business, policy and education leaders to work together to make it happen?