The Future of Work: 92 Million Jobs at Risk of Being Lost to Automation by 2030
A recent report by the World Economic Forum (WEF) has sent shockwaves around the globe, predicting that 92 million jobs will be lost worldwide by 2030 due to automation. The report, titled "The Future of Jobs," highlights the significant impact of technological advancements, geopolitical tensions, and the green transition on the job market. According to the report, 41% of employers plan to downsize their workforce by 2030, resulting in the loss of 92 million jobs. The fastest declining roles are those that can be automated, such as ticket clerks, administrative assistants, cashiers, bank tellers, and data entry workers. These jobs are expected to disappear in the next five years, replaced by artificial intelligence (AI) at a fraction of the cost. However, the report also highlights the creation of new jobs, with 78 million new roles expected to emerge by 2030. This change will offset the job losses, but it also means that workers will need to acquire new skills to remain ...