WorkingNation was on the ground at Milken Global Conference 2019 where some of the most powerful people in business, government, healthcare, and entertainment have gathered to discuss and debate how the world is being disrupted by economic and social change and what to do about it. The goal of the talk at the conference is how to drive shared prosperity. While there, we documented all things future of work on Twitter at #WorkingNationOverheard and in interviews at our pop-up studio.
WorkingNationOverheard at Milken Global Conference 2019.
“A global transformation is heralding an era of rapid change and challenge,” said Richard Ditizio, Milken Institute President & COO. “We can be a catalyst toward expanding prosperity and improving health by connecting those with social, human and financial capital to those who desperately need it.”
More than 4,000 paying conference-goers had their pick of hundreds of public and private sessions to choose from over the four-day conference. Milken Institute CEO Michael Klowden said the power of the conference was also in the one-on-one conversations that took place in the hallways that help lead to “a better future for all.”
WATCH: Insights from the conference
The disruption in the workforce created by changing technology — some jobs eliminated, and others created — was front and center in many discussions. One panel focused on how corporate leaders are addressing the evolution of jobs at their companies and the inequity it may cause. Another looks closer at the massive student debt that is reaching crisis proportion, forcing millennials to live with their parents longer than previous generations and preventing them from creating new businesses.
On May 1, WorkingNation’s Founder and CEO Art Bilger spoke on the issue of “Is Retirement Extinct,” with panel moderator Paul Irving, Chairman of the Milken Institute’s Center for the Future of Aging. People are living longer and working longer. “In a sense, this is a longevity paradox,” says Irving. “I want to explore how the idea of retirement is changing generation to generation. Science has done its part and, in many ways, finance hasn’t done its.”
The increase in longevity is disrupting the 20th-century retirement model. Our longer lifespans, though a blessing in many respects, has been a shock to the collective system. While Social Security and Medicare provide cushions, too few people have adequate savings and investment to support lifelong needs.
“The whole idea of retirement and to what extent it is voluntary versus forces is becoming a greater and greater issue,” said Bilger. “Never before have we had to re-skill and re-educate all the 48-year-olds.
One of the key themes of WorkingNation is the concept of lifelong learning. The historical thinking that retirement comes at age 65 is changing, very radically because of the changing skills and work environment and the difficulty of re-skilling and re-educating older people.
See what you missed in Milken’s playlist of panels below.
Global Conference 2019 Driving Shared Prosperity April 28 – May 1, 2019 About Global Conference What if the world today were, by almost every measure, safer,…