• Events
  • Marketplace
  • Resources
  • Press Releases
  • Business Directory
  • About Us
  • Advertise
  • Contact
The FUTURE OF WORK® since 2003
Allwork.Space
Subscribe
  • All Topics
    • Business
    • Biophilic Design
    • Career Growth
    • Coliving
    • Collaboration
    • Coworking
    • CRE
    • DE&I
    • Digital Nomads
    • Future of Work
    • Home Office
    • Human Resources (HR)
    • Hybrid Work
    • Investment
    • Leadership
    • Marketing
    • Mental Health
    • Mergers & Acquisitions
    • Office Furniture
    • Productivity
    • PropTech
    • Remote Work
    • Self-care
    • SMBs
    • Social Impact
    • Space-as-a-Service
    • Technology
    • Virtual Office
    • Work-life Balance
    • Workforce
    • Workplace Design
    • Workplace Wellness
  • News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • Marketing
  • CRE
  • Podcast
  • More
    • Advertise With Us
    • Marketplace
    • Events
  • All Topics
    • Business
    • Biophilic Design
    • Career Growth
    • Coliving
    • Collaboration
    • Coworking
    • CRE
    • DE&I
    • Digital Nomads
    • Future of Work
    • Home Office
    • Human Resources (HR)
    • Hybrid Work
    • Investment
    • Leadership
    • Marketing
    • Mental Health
    • Mergers & Acquisitions
    • Office Furniture
    • Productivity
    • PropTech
    • Remote Work
    • Self-care
    • SMBs
    • Social Impact
    • Space-as-a-Service
    • Technology
    • Virtual Office
    • Work-life Balance
    • Workforce
    • Workplace Design
    • Workplace Wellness
  • News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • Marketing
  • CRE
  • Podcast
  • More
    • Advertise With Us
    • Marketplace
    • Events
No Result
View All Result
Allwork.Space
Home Career Growth

How The Future Of Work Will Change If You Work In Finance

Technological advancements and shifting work paradigms are reshaping the way individuals approach their careers.

Joshua JahanibyJoshua Jahani
October 3, 2023
in Career Growth
Reading Time: 4 mins read
A A
How The Future Of Work Will Change If You Work In Finance

As AI becomes more sophisticated, multiple job functions will come to an end and so will the hybrid work-from-home setting. Labor is rapidly becoming divided into two categories: one which is completely remote then another category of the labor market that is completely in-person.

Share on FacebookShare on TwitterShare to Network
Switch Now to OfficeRnD Flex and Keep 2023 Pricing
  • Technological advancements and shifting work paradigms are reshaping the way individuals approach their careers. 
  • As AI becomes more sophisticated, multiple job functions will come to an end and so will the hybrid work-from-home setting. 
  • Many workers must work in person, and this large segment of the working class is left out of this debate regarding the future of work. 

As we venture into the third decade of the 21st century, the future of work is experiencing unprecedented changes. One factor that will play a pivotal role in this transformation is the job function of employees. In a recent interview with CNBC, Elon Musk called working from home “morally wrong.” Although controversial, the tech billionaire’s premise of how some jobs simply cannot be performed remotely is true.    

Two of Elon Musk’s most successful companies are Tesla and SpaceX; one is renowned for its electric cars and the other focuses on rockets and space exploration. It is hard to imagine the effectiveness of two engineers analyzing torque and resistance on car wheels over video conferencing platforms, just as it would be equally difficult to have a fruitful brainstorming session with two, three, or four engineers taking turns in a virtual meeting, compared to sitting down to lunch and evaluating different propulsion technologies for an upcoming planned launch to Mars.  

FlexJobs logo

Around the same time, Shark Tank investor Kevin O’Leary was interviewed by CNN and vehemently proclaimed that certain employees will never come back to the office. These job functions include: finance, compliance, and other jobs that are more easily done with the computer. 

Both of these men are correct. The fact is that technological advancements and shifting work paradigms are reshaping the way individuals approach their careers. Each opinion represents poles on a continuum of how certain job functions need or do not need to be in the office.  

Financial services and financial professionals lean towards the pole represented by O’Leary’s opinion that they do not need to come back to the office. Whereas, hardware engineers, physical engineers, infrastructure engineers, civil engineers, surgeons, doctors and healthcare professionals, are positioned on the continuum represented by Musk.   

What about people and workers who are not on this continuum at all?  

Both Elon Musk and Kevin O’Leary represent sides of a debate for professionals who can work remotely. However, a grocery store clerk, an Uber driver, a machine worker, or a waste management professional must work in person, and this large segment of the working class is left out of this debate regarding the future of work. 

As AI becomes more sophisticated, multiple job functions will come to an end and so will the hybrid work-from-home setting. Labor will be divided into two categories, one which is completely remote — driven by successful augmented reality (AR), virtual reality (VR), and by the growth of financial services and services jobs in the U.S. Then another category of the labor market that is completely in-person, focused on driving cars, cleaning homes and building machines. 

The problem goes beyond technological effects. From a financial point of view, the disparities between these two groups of the labor market could not be more different and are evident when it comes to purchasing power, the kinds of goods they purchase, their ability to save, and healthcare costs compared with the money available to spend on healthcare.  

When it comes to discussing morality, it is rarely a simple matter of black and white. It involves navigating through a complex range of ethical considerations which make up the gray area. Remote work does not cater to the requirements of all job roles in the present time. Nevertheless, certain positions, particularly those in finance and specific compliance roles, can be conducted remotely with equal, or even improved, productivity compared to in-office setups.  

 It is important we don’t lose sight of the fact that, unless grocery stores become fully automated like the one in Japan without any human employees, there will continue to be a significant workforce that relies on and is required to work in physical locations. The future of work matters for this segment of the labor population as well. After all, Walmart is the fifth largest employer out of all U.S. companies.

  Your go-to resource on the Future of Work®  Get the emerging trends, top stories, and latest news on the world of work straight into your inbox each weekday morning.   
Tags: Career GrowthInvestmentWorkforce
Joshua Jahani

Joshua Jahani

Joshua Jahani is a lecturer at Cornell University and the Managing Director of Jahani and Associates (J&A), a middle market investment bank focused on cross-border transactions between North America, the Middle East, North Africa, Southeast Asia, and Latin America. The firm has offices in New York City, Abu Dhabi, and Singapore and has served more than 200 clients. Joshua Jahani is the author of Data Driven Decisions: Systems Engineering to Understand Corporate Value and Intangible Assets (Wiley, 2023) and is a regular contributor to news outlets such as the BBC, Newsweek, and The Independent. He earned his Master of Engineering at Cornell University and is a visiting lecturer at Cornell’s College of Engineering, Department of Systems Engineering. Joshua regularly writes about topics related to cross-border capital markets, investment banking, and global economics.

No Result
View All Result
Yardi Kube IT Management
Later - Turn followers into customers
FlexJobs logo
1Password - Start Today

Latest News

Japan's Young Workforce Confronts Mental Health Crisis

Japan’s Young Workforce Confronts Mental Health Crisis

December 4, 2023
South Africa's 4-Day Work Week Pilot: A Trailblazing Success for Work-Life Balance

South Africa’s 4-Day Work Week Pilot: A Trailblazing Success for Work-Life Balance

December 4, 2023
Companies Ignoring Climate Promises, May Face Hiring Reckoning

Companies Ignoring Climate Promises, May Face Hiring Reckoning

December 4, 2023
The AI Dilemma: Productivity Gains, Perception Pains, and the Path Forward

 The AI Dilemma: Productivity Gains, Perception Pains, and the Path Forward

December 1, 2023
New Survey Confirms 2023 Was Chaos, Reveals Top Workforce Trends Of The Year

New Survey Confirms 2023 Was Chaos, Reveals Top Workforce Trends Of The Year

December 1, 2023
2023 Flexible Office Heatmap Reveals Top 10 Markets

2023 Flexible Office Heatmap Reveals Top 10 Markets

December 1, 2023

News and Features

Business

Tech

Marketing

Design

Work-life

CRE

Coworking

Workforce

Daily Digest

Podcast

Resources

Marketplace

Events

Press Releases

FlexSpace, Coworking
and Office Space

Los Angeles

New York

Chicago

Washington, D.C.

Houston

Dallas

Miami

San Francisco

Atlanta

Philadelphia

Seattle

Austin

Company

About Us

Submit to Allwork.Space

Contact

Advertise

FlexSpace

Terms Of Use

FlexSpace FAQs

Privacy Policy

Connect with Allwork.Space

Twitter

Linkedin

Facebook

Instagram

YouTube

Apple Podcasts

Spotify

Google Podcasts

©2023 Allwork.Space  l  Exploring the FUTURE OF WORK® since 2003.

No Result
View All Result
  • Home
  • News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Experts
    • Podcast
    • Opinions
  • Resources
    • Research + Reports
    • Marketplace
    • Find Office Space
    • Find Remote Jobs
    • Press
  • Events
  • About Us
    • Advertise
    • Submit to Allwork.Space
    • Contact
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00