A new report predicts that the rapid adoption of artificial intelligence (AI) technology, demographic shifts, and geopolitical changes will create 170 million new jobs over the next five years while eliminating 92 million positions.
According to the World Economic Forum (WEF) Future of Jobs Report, about 22% of jobs worldwide will experience significant changes by 2030. Based on data from over 1,000 global companies, the report examines employers’ perspectives across 22 industries, 55 economic regions, and 14 million workers.
The report predicts that the AI’s growing impact lead to a surge in demand for workers skilled in new technology fields such as big data, cybersecurity, and cloud computing. It also highlights that AI, automation, robotics, and energy technologies will drive business innovation, while jobs focused on digital accessibility are expected to expand.
While technical skills will be in high demand, uniquely human abilities such as creative thinking, flexibility, and adaptability will continue to be essential. As a result, the sectors related to generative AI and renewable energy are projected to increase the demand for specialized professionals significantly. Meanwhile, roles in routine administrative tasks, graphic design, and similar fields will likely shrink.
Demographic trends also play a critical role in shaping future employment. The aging population in high-income countries and the growing working-age population in developing regions are expected to drive substantial demand for caregiving, healthcare, and education jobs. At the same time, 34% of business leaders view rising geopolitical tensions as a primary concern, as they may lead to trade barriers or shifts in industrial policies. This will likely spur an increased demand for cybersecurity professionals and other skilled workers.
In light of these changes, the WEF urges industries to address the widening skills gap to stay competitive. The report notes, “Assuming a global workforce of 100, by 2030, 59 individuals will need retraining or upskilling, and approximately 11 of them are unlikely to receive such training.” This suggests that over 120 million workers could face unemployment or job displacement in the medium term.
The WEF emphasizes collaboration among business leaders, policymakers, and workers in preparing for the change. The report also stresses the importance of proactive efforts to mitigate risks in sectors and regions where job losses are expected, ensuring a more equitable and adaptable workforce.
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