From Internet of things between machines to Internet of people linking labor across geographies. Our guest expert Mr. Kamal Gupta shares his thoughts on Internet of Things evolving as alternate to guest workers.
We have been seeing developed economies facing a labor shortage while the poorer ones have the labor surplus. This led to “guest workers”, people moving across countries to offer labor, and facing varying degrees of resistance at different times, due to economic, political and cultural reasons.
Developed economies automated their labor-oriented processes to reduce the need for human labor. Increasing wages made this feasible. Humanity stuck in low-wage countries kept struggling to raise their incomes. Since the barriers to free movement of people across borders remain to various extents.
Over the last few years, we are seeing the concept of “Labor Linking” rise to address this problem. Easy (and growing easier by leaps and bounds) connectivity, and the evolving technology of Internet of Things (IoT) means that a person can offer his or her labor from a distant location, from another country. He can be doing work for locations in many different countries, without moving out. More and more work will get done this way. And governments will not be able to stop this, even if they wanted to.
This will evolve into creating a “global labor pool”, which will tend to equalize wages for work that can be done remotely. The first businesses to be affected by this were Infotech Enabled Back Office Services, starting with airline & hotel reservations, and consumer-facing banking. This has spread wide enough for this to be the norm for most infotech services, including software development.
The Internet of Things is evolving, further it will give a quantum leap to this trend.