The World Economic Forum said that the global labor market will be affected by some massive disruptions over the next five years, leading to the disappearance of 14 million jobs worldwide.
The World Economic Forum, which hosts a gathering of global leaders in Davos, Switzerland, each year, found that employers expect to create 69 million new jobs by 2027 and eliminate 83 million jobs. This will result in a net loss of 14 million jobs, equivalent to 2 percent of current employment.
The forum’s report saw that the spread of artificial intelligence will be a positive and negative force, because companies will need new workers to help them implement and manage artificial intelligence tools, but at the same time, many jobs will be at risk, as robots replace humans in some cases.
He explained that artificial intelligence techniques will harm several jobs, most notably the bank teller, cashier, and old data entry employee, as these roles could witness the fastest rate of decline in the next five years, indicating that the digital revolution, the drive towards “transformation to a clean environment” and other factors helped restore Shaping the global world of work at an unprecedented rate.
He said companies will need new workers to help them implement and manage AI tools, noting that employment of data analysts, scientists, machine learning specialists and cybersecurity experts is expected to grow by an average of 30% by 2027.
He added, “But the spread of artificial intelligence will jeopardize many roles, as robots replace humans in some cases,” predicting that “record-keeping and administrative jobs will decrease by 26 million by 2027, and it is also expected that the jobs of data entry clerks and secretaries will witness.” Executives are the biggest losers.”
According to the World Economic Forum’s Future of Jobs 2023 report, in the next five years, a quarter of jobs are expected to change approximately 23 percent through a growth of 10.2 percent and a decline of 12.3 percent.
This article was originally published by RT.
