What's happened
A recent World Economic Forum report predicts AI will create 170 million new jobs globally by 2030, while eliminating 92 million positions. The report highlights the growing demand for tech skills and the need for retraining programs as workplaces adapt to AI technologies.
What's behind the headline?
Key Insights
- Job Creation vs. Elimination: The report indicates a net gain of 78 million jobs, emphasizing that AI will be a significant job creator despite fears of automation.
- Skills in Demand: AI and big data expertise, cybersecurity, and technological literacy are projected to be the most sought-after skills by 2030.
- Workforce Adaptation: 77% of firms plan to implement retraining programs, indicating a shift towards human-machine collaboration rather than outright job replacement.
- Declining Roles: Certain positions, such as postal service clerks and executive secretaries, are expected to decline, with generative AI impacting creative roles like graphic design.
- Future Outlook: As AI continues to evolve, the job market will likely see profound changes, necessitating a proactive approach to workforce development and skill acquisition.
What the papers say
According to Ars Technica, the World Economic Forum's report reveals that while AI will eliminate 92 million jobs, it will also create 170 million new roles, leading to a net increase of 78 million jobs by 2030. The report emphasizes the importance of retraining, with 77% of surveyed firms planning to launch programs to help workers adapt to AI technologies. Business Insider UK highlights that tech skills, particularly in AI and cybersecurity, are becoming increasingly vital, with nearly 40% of current skills expected to change or become irrelevant by 2030. The Scotsman notes that the tech sector is booming, with high-paying jobs available, particularly for roles like solutions architects and data engineers. This aligns with the WEF's findings on the demand for skilled professionals in the tech industry, suggesting a significant shift in the job landscape driven by technological advancements.
How we got here
The World Economic Forum's latest report, based on a survey of 1,000 companies, outlines the evolving job landscape influenced by AI. This follows ongoing discussions about the implications of AI on employment and the skills required in the workforce.
Go deeper
- What specific skills will be most valuable in the future job market?
- How can workers prepare for the changes brought by AI?
- What roles are most at risk of being automated?
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The World Economic Forum, based in Cologny-Geneva, Switzerland, is an NGO, founded in 1971. The WEF's mission is cited as "committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape globa