According to a new report from the WEF (World Economic Forum), 23% of vacancies are expected to disappear in the next 5 years. The report clearly states that this transformation will be the result of the disappearance of some functions and the appearance of others, therefore, it should not be interpreted as an indicator of unemployment. Among the main factors driving this change will be automation and new technologies, sustainability and slow economic growth.

However, there is hope for abolition 2% of the global workforce over the next 5 years. According to the WEF, companies expect to lose 83 million jobs, which will be offset by the creation of 69 million new jobs. The forecast creates a deficit of 14 million liquidated positions with no replacement option. Even though artificial intelligence is in the spotlight, it is one of the factors that the companies surveyed are not overly concerned about. AI has been categorized as an emerging technology with the potential to create more jobs than it can destroy, along with e-commerce, apps and digital platforms.

Sustainable development must create new jobs

According to the report, the companies surveyed claim that the “green transition” of companies will lead to numerous vacancies. WEF lists the positions of sustainability specialists, renewable energy engineers, solar energy systems and installation engineers as some of the highest growth positions in recent years.

Other roles such as big data analytics, climate change environmental management technologies, cryptography and cybersecurity are expected to drive the creation of new roles. As well as digital platforms, applications, e-commerce and artificial intelligence. ABOUT The World Economic Forum points to automation as the only segment capable of cutting jobs without creating new functions.. Robots are expected to take over the functions of humans, resulting in a loss of 11.4% of vacancies.

Administrative roles and traditional jobs in security, factory and commerce such as cashiers, bookkeeping, factory manual labor are likely to be among the roles that will be most affected by the transition. Another factor to consider is the economic crisis. Slow economic growth linked to inflation could put too much pressure on jobs, causing job relocations and layoffs, which should make it harder to transition to work in the future, interviewees said.

IBM CEO admits artificial intelligence will cut jobs
Arvind Krishna predicts 30% of posts will be replaced in five years

Source: The Next Web, We Forum.

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