Report: 25 Percent of Jobs Will Change in the Next Five Years

 

 

A new study has found that about 25 percent of jobs are going to change in the next five years. The finding comes from a survey of employers published Monday by the World Economic Forum (WEF). The organization is best known for its yearly meeting in Davos, Switzerland.

About 69 million jobs will be created and 83 million removed by 2027, it said. That will result in a total decrease of 2 percent of current employment, the Future of Jobs report said.

The survey is based on data from about 800 companies employing more than 11 million workers. It used data from 673 million jobs.

Technology and digitalization can lead to both the creation of jobs and the destruction of jobs, a summary of the report said.

Companies are looking to increase their use of new technologies like artificial intelligence (AI), cloud computing and big data, the study found. More than 75 percent of companies say they will be using those technologies in the next five years. About 86 percent of companies surveyed said they want to use more digital platforms and mobile apps.

Machines already do a large amount of work. The companies surveyed estimated that 34 percent of tasks are done by machines, with 66 percent of tasks competed by humans. AI is expected to be used by 75 percent of surveyed companies in the coming years.

As a result, the fastest growing jobs are related to technology.

The fastest declining jobs will be those that can be automated, like secretaries and bank tellers. The demand for AI machine learning specialists and cybersecurity experts is expected to grow greatly, the report said.

 

 

Words in This Story

survey — n. an activity in which many people are asked a question or a series of questions in order to gather information about what most people do or think about something

platform – n. a program or set of programs that controls the way a computer works and runs other programs

decline – v. to become lower in amount or less in number

secretary — n. a person whose job is to handle records, letters, etc., for another person in an office

teller — n. a person who works in a bank and whose job is to receive money from customers and pay out money to customers

 

 

 

 

 

 

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