Focus Taiwan
Date: 2018/07/12
By: Pan Tzu-yu and William Yen
Taipei, July 12 (CNA) A recent report on how the trend of innovation-
CNA file photo
focused economies will affect workforce demands pointed out that salaries in the future may be structured towards reflecting an M-shaped Society as mid-level employees are not qualified enough for higher positions and will be easily replaced by lower-level employees.
The term M-shaped Society, coined by the Japanese economist Kenichi Ohmae, is used to describe a phenomenon in which the number of rich and poor people swell while the middle class diminishes.
The report, which studied Taiwan’s 5+2 Industrial Innovation Plan and its impact on work and skills needed for the next 10 years was commissioned by the National Development Council and conducted by the Taiwan Institute of Economic Research (TIER).
The report showed that the digital innovation trend has far-reaching impact on industrial manpower and in the future the opportunities for human-computer collaboration will increase significantly in the fields of robotics, artificial intelligence, and Internet of Things. [FULL STORY]