ABSTRACT

This chapter discusses the huge concern that the coming wave of industrialisation will sweep away millions of jobs and the implications this has for how organisations of the future will be able to nurture the human dimension. The Fourth Industrial Revolution will generate huge social challenges as well as radically reshaping the future of work. Industrial production and services were becoming more important as the way the economy and society are organised. In tandem there was a consumer and also a financial revolution. Labour, is the real measure of the exchangeable value of all commodities. It was David Ricardo who formulated the classic statement of the link between economic value and the value of the labour. Karl Marx argued that training of the labour element in an organisation helped to explain wage differentials. The great majority of developed and growing economies have experienced a decline in the share of labour as a proportion of GDP.