Despite common fears, artificial intelligence (AI) is more likely to create jobs than eliminate them, according to a report by the World Economic Forum (WEF). By 2025, machines are expected to perform more current work tasks than humans, but this does not mean widespread job loss. Instead, the transition will lead to a net increase of 12 million jobs. The shift is set to displace 85 million jobs globally, but will also create 97 million new roles, resulting in a gain of 12 million positions.
The types of jobs will also change, with a decline in data entry roles and an increase in positions requiring analytical thinking and innovation. The report suggests that by 2025, 50% of all employees will need reskilling. Businesses are expected to play a significant role in this process, with 66% of employers stating they expect to see a return on investment in employee reskilling programmes within a year.
The WEF report also highlights that the pandemic has accelerated the digitisation of work processes and the expansion of remote work, with an expected increase in the proportion of remote workers. This shift is likely to have a lasting impact, potentially changing the geography of labour markets. The report concludes that attention must be given to those workers who may be left behind in this transition, with proactive efforts needed to ensure an inclusive future of work.
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