85 million jobs will be displaced across 26 countries by 2025 (World Economic Forum)
85 million jobs will be displaced and 97 million will be added across 26 countries by 2025, according to the Future of Jobs Report, by World Economic Forum.
The Future of Jobs report maps the jobs and skills of the future, tracking the pace of change.
This report aims to shed light on the pandemic-related disruptions in 2020, contextualized within a longer history of economic cycles and the expected outlook for technology adoption, jobs and skills in the next five years.
Some key facts
The workforce is automating faster than expected, displacing 85 million jobs in next five years.
The robot revolution will create 97 million new jobs, but communities most at risk from disruption will need support from businesses and governments.
In 2025, analytical thinking, creativity and flexibility are among the top skills needed; with data and artificial intelligence, content creation and cloud computing the top emerging professions,
The most competitive businesses will be those that choose to reskill and upskill current employees.
COVID-19 impact
The Future of Jobs 2020 report has found that COVID-19 has caused the labour market to change faster than expected.
The research released today by the World Economic Forum indicates that what used to be considered the “future of work” has already arrived.
By 2025, automation and a new division of labour between humans and machines will disrupt 85 million jobs globally in medium and large businesses across 15 industries and 26 economies.
Roles in areas such as data entry, accounting and administrative support are decreasing in demand as automation and digitization in the workplace increases.
More than 80% of business executives are accelerating plans to digitize work processes and deploy new technologies; and 50% of employers are expecting to accelerate the automation of some roles in their companies.
In contrast to previous years, job creation is now slowing while job destruction is accelerating.
