Actionable insights come from analyzing your competitor and industry data. Coupled with advances in tools for data mining and big data analytics, the digitization of myriad business, employment, and economic transactions as well as administrative and other born-digital data presents new opportunities for analyzing changing economic, workforce, technology, and societal trends. Hochschild, 1983, The Managed Heart: Commercialization of Human Feeling, University of California Press, Berkeley, Calif. 40 S.R. Not all information is reliable or true, nor will all information be suitable for your paper or project. 48 Frey and Osborne, 2013, “The Future of Employment.”. Bamforth, 1951, Some social psychological consequences of the Longwall method of coal getting, Human Relations 4(1):3-38. the LEHD data infrastructure.5 Integrating alternative types of workforce arrangements should be a high priority for the future. Indicators of job-to-job flows that track workers transiting directly from one job to another, even. https://www.whitehouse.gov/sites/default/files/omb/budget/fy2016/assets/spec.pdf, https://blog.dol.gov/2016/01/25/innovation-and-the-contingent-workforce/, http://aisel.aisnet.org/cgi/viewcontent.cgi?article=1655&context=icis2015, http://www.oxfordmartin.ox.ac.uk/downloads/academic/The_Future_of_Employment.pdf, http://www.mckinsey.com/business-functions/business-technology/our-insights/four-fundamentals-of-workplace-automation, https://blogs.gartner.com/doug-laney/files/2012/01/ad949-3D-DataManagement-Controlling-Data-Volume-Velocity-and-Variety.pdf, http://www.realtimemacroeconomics.com/#real-time-online-economic-data, http://conference.nber.org/confer//2013/DIGs13/Wu_Brynjolfsson.pdf, http://news.mit.edu/2010/billion-prices-project, http://sites.nationalacademies.org/DBASSE/CNSTAT/DBASSE_170268, EVALUATING JOB SUSCEPTIBILITY TO AUTOMATION, https://www.whitehouse.gov/sites/default/files/docs/ERP_2016_Book_Complete%20JA.pdf, http://www.oxfordmartin.ox.ac.uk/publications/view/1314, 3 Effects of Information Technology on Productivity, Employment, and Incomes, Appendix B: Workshop Agenda and Panelist Biographies, Appendix C: Biographical Sketches of Committee Members and Staff. The CPS is one of the primary sources for tracking self-employment activity. Evaluating information sources is a important part of the research process. Workforce: Where Are We and Where Do We Go from Here? In general, these data could be uniquely useful to researchers and policy makers since they can be collected and searched in real time, at high granularity, and reveal unanticipated trends. It is also possible that new uses of technology for organizing such work are not creating a new growth sector, but rather centralizing existing informal work patterns. ), Macmillan, New York. 19 D. Johnson, “Commercial Big Data and Official Statistics,” Bureau of Economic Analysis—Federal Economic Statistics Advisory Committee presentation in BEA Expert Meeting on Exploiting Commercial Data for Official Economic Statistics on November 19, 2015; B.C. Figure 5.1 shows their results, illustrating the estimate that lower-paying jobs are more likely to be automated. The use of microscale social science methods, such as interview, field work, and other ethnographic approaches, can help researchers bridge these critical gaps by testing conclusions from quantitative data and lead to new hypotheses and study, survey, or experiment design. Lofland, 1984, Analyzing Social Settings: A Guide to Qualitative Observation and Analysis, Wadsworth, Belmont, Calif.; J. DBPedia http://wiki.dbpedia.org Wikipedia is comprised of millions of pieces of data, structured and unstructured on every subject under the sun. Examples include studies of finite element analysis and other mathematical simulation tools in automobile engineering,35 the work and careers of financial analysts on Wall Street,36 the work of technicians in a variety of settings,37,38 and the work of personal service workers39 and contract workers.40,41 These and other ethnographies offer considerable fodder for developing a more macro-oriented understanding of the variety of trends characteristic of changes in the nature of work and the structure of the workforce. How to Identify Appropriate Sources of Information for a Business Analysis. Revised on December 3, 2020. SOURCE: Council of Economic Advisors (CEA), 2016, The National Academies of Sciences, Engineering, and Medicine. Moving forward, the research community would be well served by data collection designed to support longitudinal tracking and analysis of workforce trends and the role of advances in IT. Google Finance https://www.google.com/finance 40 years’ worth of stock market data, updated in real time. The goals for and benefits of reuse of federal administrative data for statistical purposes are discussed extensively in Fiscal Year 2016: Analytical Perspectives of the U.S. Government, a deeper analysis of content in the 2016 budget request.1. The following sections describe key federal databases, the types of data they contain and how they were collected, their curation and access models, and the infrastructure that supports them. PrivCo provides private company financial information, researching 900,000 private companies worldwide. For example, one might expect an engineer to use critical thinking skills more intensely or at a. Berger, ed. occupations, industries, and locations in a manner not possible for the CPS due to factors such as CPS sample size and location suppression in its public-use microdata. Ready to take your reading offline? These approaches could potentially augment or complement federal statistics and provide new ways of monitoring emerging workforce and technology trends. World Bank Doing Business Database: An incredibly useful source of information that evaluates business environment indicators around the world, including trade capabilities and costs. 11 See also E. Brynjolfsson and A. McAfee, 2012, Big data: The management revolution, Harvard Business Review 90(10):60-68. Gouldner, 1954, Industrial Bureaucracy, Free Press, New York. Strauss and J. Corbin, 1990, Basics of Qualitative Research: Grounded Theory Procedures and Techniques, SAGE Publications, Thousand Oaks, Calif.; J.P. Spradley, 1979, The Ethnographic Interview, Holt, Rinehardt and Winston, New York; J. Lofland and L.H. 6 A.B. For example, Burning Glass Technologies analyzes millions of job postings to track skills gaps in real time.13 Real Time Macroeconomics works similarly, making use of Google Trends and scraping online data from job postings, layoff announcements, and wage reports to develop economic indicators that supplement government data.14. To capture such activity, the Census Bureau has added a series of modules to the U.S. economic censuses since 2002 on the contraction of manufacturing services.6, Household surveys conducted by the Census Bureau have been collecting data on computers and Internet use periodically since the 1980s. It is a monthly survey of approximately 300,000 establishments tracking earnings, hours, and employment statistics for wage and salary workers, administered by BLS. This would allow tracking of employment, earnings, and career paths for those workers who find themselves at firms that are replacing production workers with machines or with globalized production. There are, however, many other sources of information which should not be overlooked. After adding the variables to the standard forecasting model, Choi and Varian found their Google Trends model outperformed other models of the Department of Labor’s initial claims data. They are usually the first formal appearance of results in physical, print or electronic format. European Union Open Data Portal http://open-data.europa.eu/en/data/ As the above, but based on data from European Union institutions. Information as a product must be used in some way (… For example, the CPS has had periodic supplements focused on the contingent workforce, the last of which was conducted in 2005. If displaced, the outcomes in terms of employment and earnings can be tracked. Data collected by federal statistical agencies have been invaluable for understanding the status of the workforce and the economy at large, such as employment numbers and salaries, and for tracking technology-related values such as productivity. There are a number of areas where useful data may be incomplete or unavailable. However, the digitization of economic and labor market transactions has created new opportunities for tracking and evaluating workforce trends. 27 A.W. The Longitudinal Employer Household Dynamics (LEHD) project at the Census Bureau has created a longitudinal employer-employee matched data infrastructure for studying labor market dynamics from both the worker and business perspective. In the discussion of data sources below, the committee addresses how contextual information could be acquired and integrated into these sources. Hoffman, 1960, Automation and the Worker, Henry Holt and Company, New York. In particular, federal statistical agencies have been the predominant source for national-level collection of economic, employment, and demographic data about individuals and businesses. Fortuitously, the digital data revolution is creating a wealth of such naturally occurring data and providing new opportunities for more timely and comprehensive data for tracking economic activity. However, there are notable challenges associated with web-based and private-sector data sets. They are available more quickly, often in real time, and they are available in many forms and types.11 Big data are commonly described as differing from traditional data sources due to the volume, velocity, and variety of these data.12. Facebook Graph https://developers.facebook.com/docs/graph-api Although much of the information on users’ Facebook profile is private, a lot isn’t – Facebook provide the Graph API as a way of querying the huge amount of information that its users are happy to share with the world (or can’t hide because they haven’t worked out how the privacy settings work). Wu and Brynjolfsson16 also used Google Trends to predict housing-price changes. Walker and W.H. Direct measures of changing technology and innovation stem from survey and administrative sources. Data on the changing occupational mix and the skill requirements of these occupations are a vital source for tracking these changes. without first being unemployed, are a novel component of the QWI that has recently been released. The profiles are periodically updated based on results from the O*NET Data Collection Program’s worker questionnaire, which is sent to a sampling of workers and occupational experts. In this article, we highlight freely accessible resources that provide prescribing information about medicines and other sources of specialised information that … The committee then addresses the value of integrating these diverse data sets to better understand the implications of technology in the changing workforce, both from the top down and the bottom up. For example, in some sectors and firms, the design of new products is conducted in the United States, but all or much of the actual production is outsourced. Ethnographic research continues to provide grounded understandings of the changing nature of work in the 21st century. They find, for example, that many individuals in the CPS state that they are working as wage and salary workers, but the administrative data underlying the QWI and other related sources at the Census Bureau show that they are working as independent contractors. 44 D.H. Autor and D. Dorn, 2013, The growth of low-skill service jobs and the polarization of the US labor market, American Economic Review 103(5):1553-1597. Individual-level data from household surveys are also released to the public in aggregate to protect privacy and confidentiality. and enable new discoveries. On the web much of it is free. Guest, 1952, The Man on the Assembly Line, Harvard University Press, Cambridge, Mass. The Occupational Employment Statistics survey, administered cooperatively by the Bureau of Labor Statistics and state workforce agencies, collects information about employees at nonfarm establishments. 25 There are numerous texts that cover how to do fieldwork and ethnographic interviewing. See the website for the Panel on Improving Federal Statistics for Policy and Social Science Research Using Multiple Data Sources and State-of-the-Art Estimation Methods, at http://sites.nationalacademies.org/DBASSE/CNSTAT/DBASSE_170268. Some of the most widely used include the following: A.L. The classifiers themselves are not necessarily directly linkable to requirements for using technology, making it difficult to assess the diffusion of technology into the corresponding occupational fields. Although they constructed the model to be simpler than the one used by the National Association of Realtors, by using real-time data, they were able to make predictions more accurately than the experts.17, Federal statistical agencies have begun to use big data sources in their evaluations. Not a MyNAP member yet? Many of my clients ask me for the top data sources they could use in their big data endeavor and here’s my rundown of some of the best free big data sources available today. Information is one of the most important resources for your company. In addition, data can be collected from households and businesses electronically rather than simply through paper forms. It is considered more accurate than the official price indexes of some governments and enables analysis of other trends, such as premiums paid for green products, adjustment of prices to shocks, and price “stickiness.”21 It is important to note that the BPP is not meant to be treated as a substitute for official statistics, but rather as a complement, in part because BPP and the CPI do not always measure the same. prices. This site is the first stage and acts as a portal to all sorts of amazing information on everything from climate to crime. Elliott, 2014, Anticipating a Luddite revival, Issues in Science and Technology 30(3):27-36. facts. 14 Real Time Macroeconomics, 2016, “Real Time Online Economic Data,” http://www.realtimemacroeconomics.com/#real-time-online-economic-data, accessed April 3, 2016. Osborne, 2013, “The Future of Employment: How Susceptible Are Jobs to Computerization,” Oxford Martin School, September 17, http://www.oxfordmartin.ox.ac.uk/downloads/academic/The_Future_of_Employment.pdf; McKinsey Global Institute, 2015, “Four Fundamentals of Work-place Automation,” McKinsey Quarterly, http://www.mckinsey.com/business-functions/business-technology/our-insights/four-fundamentals-of-workplace-automation. Healthdata.gov https://www.healthdata.gov/ 125 years of US healthcare data including claim-level Medicare data, epidemiology and population statistics. data complement the household-based surveys by providing data on wages by detailed occupation and location as reported by employers. In addition, federal agencies obtain administrative data as byproducts of various programs and activities, such as household and business tax collection and related filings or other transactions or record keeping. 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