Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!
Data: McKinsey; Table: Axios Visuals

A new survey of hundreds of executives shows how the pandemic is altering the workforce of the future.

The big picture: The COVID-19 pandemic has thrown millions of people out of work, and the jobs that will emerge from the carnage won't be the same. While some fields may benefit, others risk being left further behind.

What's happening: Consultants at McKinsey interviewed 800 executives around the world to understand how the pandemic is poised to change the shape of work over the long term. Among the findings:

  • 85% of respondents reported their businesses had somewhat or greatly accelerated the implementation of digitization, including videoconferencing and e-commerce. 35% reported accelerating the digitization of supply chains.
  • Nearly half of the respondents said they had accelerated the adoption of automation, with companies in the U.S. and India leading the way.
  • Few executives said they are planning on remaining fully remote after the pandemic, but many were planning a hybrid future where employees could work remotely part of the time.

What's next: As companies continue retooling for the remainder of the pandemic and the years beyond, workers in AI and automation are unsurprisingly poised to benefit.

  • But hygiene and workplace safety were the two areas where the largest proportion of executives reported hiring increases.
  • That includes less glamorous jobs in workplace management and elevator operations, in part because managing the flow and safety of workers in an increasingly hybrid environment will require new forms of expertise, says Susan Lund, a leader at McKinsey Global Institute and a co-author of the report.

The catch: Executives also reported many new jobs will be filled by freelancers and part-timers.

"Left unattended, COVID-19 has the potential to worsen inequality in labor market outcomes."
— Susan Lund, McKinsey Global Institute

Go deeper: Jobs of the future aren't exempt from the pandemic recession

Go deeper

Updated Dec 23, 2020 - Axios Events

Reskilling America: The path for post-pandemic job recovery

Learning new skills will be essential for many Americans who lost jobs as a result of COVID-19, since many of the jobs will not be returning. But not everyone can reskill the traditional way.

Why it’s important: To thrive in a rapidly changing job market, American workers will have to rethink their approach to skills and work.

As one expert at Google’s Powering Economic Opportunity: New Pathways to Job Recovery event put it: Job seekers must now be life-long learners.

At the event, policy makers, local government, nonprofit leaders and other experts talked about how they can pool resources and work together to better prepare American workers for today’s job market.

Their top three solutions:

  • Expand access to free or nearly free digital tools and training, like Grow with Google’s free digital training and resources.
  • Develop online courses and certificates — like Google Career Certificates — and a way to scale these offerings to communities that need it most to train a more equitable workforce
  • Encourage life-long learning and make reskilling resources more accessible to people.

According to Grow with Google VP Lisa Gevelber, “For years, Google has supported digital skilling programs and created pathways to help people secure good-paying jobs. Accessible job-training solutions will help people get hired into jobs that will be most relevant in the post-pandemic economy."

What this means: Companies are developing digital tools and programs that help people better understand the digital world, job skills training, and career certificates that job seekers can use to pursue in-demand, better-wage careers.

Oftentimes, these companies partner with governments, nonprofits and higher education institutions to help bridge the gap.

  • One example: Grow with Google offers digital tools and training to people looking to start new jobs or careers.

    Google’s online Career Certificates prepare people with no experience for jobs in high-growth, high-paying fields including IT Support, User Experience (UX) Design, and Data Analytics in 3-6 months with no degree required.

Key numbers: “We have over 400,000 people enrolled in these programs already, and a hundred employers across America who are hiring the certificate graduates. Top companies in retail, entertainment and finance, and, of course, Google,” Gevelber said.

Even more, Grow with Google has partnered with Jobs for the Future (JFF) to help bring these career certificates to over a hundred community colleges around the U.S.

The impact: Students across Illinois and Alabama “really see their job prospects increase after completing a certificate,” said Maria Flynn, president and CEO of Jobs of the Future.

  • One Ohio student who listed her certificate credentials online has received five times more searches per week and several interview invitations.

When asked how local governments can get involved, Flynn suggested “expanding access to high-quality, short-term credentials like the Google certificate.” This helps meet the urgent need to reskill workers as well as the longer-term needs for creating better quality jobs.”

The takeaway: Making certificates, and other alternative career pathways, more accessible opens up a world where it’s easier for people to reskill for a new career – or a lifetime.

What Google is saying:

“What we are seeing on a positive note is how resilient Americans are, and we're seeing them put technology to work.”

– Lisa Gevelber, Vice President, Grow with Google

Learn more.

House passes government funding, debt ceiling bill

Speaker Nancy Pelosi. Photo by Kevin Dietsch/Getty Images

The House passed a bill on Tuesday to fund the government through early December, along with a measure to raise the debt ceiling through December 2022.

Why it matters: The stopgap measure, which needs to be passed to avoid a government shutdown when funding expires on Sept. 30, faces a difficult journey in the Senate where at least ten Republicans would need to vote in favor.

2 hours ago - Politics & Policy

The Democrats' debt dilemma

Illustration: Aïda Amer/Axios

Democrats find themselves in a political and potentially catastrophic economic quagmire as Republicans stand firm on denying them any help in raising the federal debt ceiling.

Why it matters: The Democrats are technically right — the debt comes, in part, from past spending by President Trump and his predecessors, not only President Biden's new big-ticket programs. But Senate Minority Leader Mitch McConnell (R-Ky.) is saddling them with the public relations challenge of making that distinction during next year's crucial midterms.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!