Speaking further she said, but this will also challenge many other aspects of today’s job world. If the jobs of tomorrow will be vastly different; does the education system as it is today permit the innovation and skills development needed in the future? How should the vocational centers be upgraded to skill youths on an on-going basis– it can no longer be a once in a lifetime training. With jobs going into the virtual space, does it make sense to have people sitting in an office or will there be other models of working that will be focused on output and impact than presence in an office?
“You can’t upend a status quo on jobs and yet end up with the same model on how people work. There is little doubt that the trend to move in and out of jobs – formal to informal and back again has begun and it can only intensify. Mobility will be the key word for our future youths. Taking risks will be something that they will be more comfortable with than the earlier generation and they will push the system to adjust accordingly to this new trend.”
“There will be pain as some endeavors fail; and our role will be to help them back up to continue to create the jobs that they want to work in, in future. So, to all the youths who are thinking of pushing the boundaries and becoming the next entrepreneur – the world is ready for you. You must demand the attention of those who have the means to help you start-up - also don’t be afraid of failure. And to those who have the space for the new generation of jobs don’t wait for the youths to be skilled – reach out and skill them and give them a platform to innovate. There is little doubt that the benefits will accrue to all quarters,” Dr. Pswarayi-Riddihough said.
The Sri Lanka Development Update is the World Bank’s bi-annual macroeconomic publication. It is meant to provide insights into the current state of the economy, based on which it gives a weighted prediction of the medium to long term performance. It also focuses on opportunities and challenges that could manifest along the way.