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Friday, 21 November 2014
Wingham Rowan's insight on a new kind of Job Market
Wingham Rowan explores the hidden corners of the labor market at TEDSalon London Fall 2012. In the last 20 years the market has changed, but did it change for everyone? Wingham believes that the market has only changed for organizations at the top of the economy. He says, "If you're a Wall Street trader, you now take it for granted
that you sell your financial assets in a system of markets
that identifies the most profitable opportunities for you in real time,
executes on that in microseconds within the boundaries you've set.
It analyzes supply and demand and pricing
and tells you where your next wave of opportunities are coming from.
It manages counterparty risk in incredibly sophisticated ways.
It's all extremely low overhead.
What have we gained at the bottom of the economy
in terms of markets in the last 20 years?
Basically classified adverts with a search facility."
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