More than 5 million jobs will be lost by 2020 as a result of developments in genetics, artificial intelligence, robotics and other technological changes, according to research by the World Economic Forum.
Approximately 7 million jobs will be lost and 2 million will be created as a result of technological change in 15 large developed and emerging technologies, as stated by the founder of the WEF, Klaus Schwab and a board member, Richard Samans, in “The Future of Jobs.” The findings come from research conducted in 15 economies covering about 1.9 billion workers, or about 65% of the total global workforce.
The WEF is essentially talking about a fourth Industrial Revolution that is already a hot topic thanks to books such as 'The Second Machine Age' and 'The Rise of The Robots', while the Chief Economist of the Bank of England, Andy Haldane, has warned that jobs at risk from automation create serious problems that officials must address.
[alert size=”alert-block” variation=”alert-error”]To avoid the worst-case scenario of technological change being accompanied by talent shortages, unemployment and rising inequality, today’s workers need to be retrained and upskilled. It is not possible to overcome the current technological revolution by waiting for the next generation of workers to be better prepared. [/alert]
Administrative positions and office jobs will account for two-thirds of the losses, and on the other hand there will be benefits in the fields of information technology, mathematics, architecture, and engineering. Women will be affected even more by these changes due to their low participation in the aforementioned areas.
The countries that were studied were Australia, Brazil, China, France, Germany, India, Italy, Japan, Mexico, South Africa, Turkey, the United Kingdom and the USA.
“It is vital for businesses to take an active role in supporting the upskilling of the current workforce, for the workforce itself to care about its lifelong learning, and for governments to quickly create a favorable environment to contribute to these efforts,” said the authors of the study.
https://www.secnews.gr/100254/8-tech-trends-changing-how-we-work-in-2016/Read more: How technology will change the way we work in 2016
