Future of work

The digitization of the economy and the world of work is in full swing. In the global race for digital value creation, the potential for companies and employees in Germany is enormous. However, companies and employees alike need more flexibility to adapt to market dynamics and successfully shape the digital transformation.

Seizing opportunities for companies and employees

As a closely networked and highly technologized global location, the digital transformation of the German economy offers great opportunities. By setting the right course, SMEs and corporations alike can not only secure their leading global positions in a wide range of sectors such as mechanical engineering, industry-related services and logistics, but expand them even further. Start-ups can open up new markets worldwide with innovative business models. There is also enormous digital growth potential in the skilled trades sector and in the entire service sector.

Higher productivity and growth create new jobs. Contrary to widespread myths and much-cited horror forecasts of widespread automation and mass job losses, we must not shy away from looking ahead. It is true that individual job profiles and activities will disappear. At the same time, however, numerous new job profiles will be created and existing ones will be further developed. This will not happen overnight. Rather, digitization is a transformative process. Job requirements will continue to change. Education and training are therefore the central key to creating participation in the digitized world of work.

This has many advantages for employees: Technological advances mean that more and more people can work on the move and schedule their work more flexibly for a better work-life balance and compatibility of family and career. Intelligent assistance systems (such as software applications, data glasses, human-machine collaboration) make work easier for older employees and improve the integration of people with disabilities. Lower-skilled employees can also be assisted with more complex tasks through the support of intelligent systems.

Enabling flexibility, ensuring global competitiveness
Digital transformation is a global phenomenon and is not waiting for us in Germany to adapt. The goal must be to attract investment and create jobs here in Germany and Europe. Above all, the digitalization discussion must address how we can actively and positively shape the transformation of the economic and working world. Openness to new technologies, business models and forms of employment is central to this.
Innovation needs space. We all expect more and more speed, individualized products and round-the-clock service from companies. Only flexible companies will therefore be successful in the long term. And only flexible jobs are secure jobs. Employers and employees are in the same boat. Only if companies and their employees can adapt to dynamic developments will we continue to secure growth and employment, and thus prosperity, in our country in the future. Policymakers must set a smart framework for this. In concrete terms, this means: