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Stock market of Labor Resources

By: Jerry Thurber Tuesday November 10, 2015 comments

The way labor moves about from one job to the next and the way companies find, recruit and hire labor is the technological equivalent of buying pork bellies in the slaughter yards 100 years ago.

Wingham Rowan, the founder of a British company called Slivers-of-Time recently spoke of A New Kind of Job Market at TED in London. In this talk he asked what would happen if stocks and bonds were traded by a person who got up each morning, outlined the key requirements she needed, posted it on several websites, then waited patiently for someone to respond (with over half the responses not even fitting the basic requirements).

In Mr Rowan’s line of thinking: Labor Markets could be as efficient as Stock Markets and the only thing holding us back is the lack of a national (and international) infrastructure to support the environment. He goes on to use the example of how quickly in both the US and Great Britain, national Lotteries were built in less than a year. This was done because people were motivated by the economic advantage. He suggests governments create a privately funded initiative that would grant exclusive rights to the builders but would be required to grant open access to everyone who wants to use it. (sounds a bit like the phone company of old). 

He thinks that would be incentive enough for big players like IBM, Google, Microsoft and others to want to create and host these labor exchange markets.

Interesting idea.

 

Just think about it, you could speculate on Java Developer Futures (sounds so much nicer than pork bellies). 

About the Author: Jerry Thurber