Jobs will be very different in 10 years

As many focus on the future of work, various different perspectives are presented. A common theme is emerging: Jobs will be there, but they will be very different within the next decade. This recent Article draws three conclusions:

  • In 10 years time, 50% of jobs will be changed by automation – but only 5% eliminated.
  • 9 out of 10 jobs will require digital skills.
  • Young, low-skilled and vulnerable people – all need help with up-skilling.

Several critical points are made by the World Economic Forum article:

Over the next 10 years, 1.2 billion employees worldwide will be affected by the adaptation of automation technologies and AI. This is equal to 50% of the world economy and will disrupt US$14.6 trillion in wages.

The future of work will see a shift in demand away from office support positions, machine operators, and other low-skill professions – and towards technology professionals such as computer engineers and information communication technology (ICT) specialists.

Despite concerns about automation, business leaders are not adequately preparing their employees with those necessary skills. While 45% of business leaders communicate about automation initiatives, demonstrating their awareness of the situation, only 15% communicate about up-skilling initiatives.

The lack of up-skilling opportunities disproportionately affects populations who are already vulnerable today, who fill many of the low-skill jobs that will soon be fully automated. Without addressing this need, we are headed towards a future of increasing inequality.

To address the growing role of automation and AI in work, action must be taken. There is a need to grow and support existing up-skilling initiatives for vulnerable populations, and there is an equal need for increased involvement from business leaders and the private sector.

Jobs at Risk

A separate Article from the World Economic Forum had this to say:

By 2022 alone, 75 million jobs will probably be displaced across 20 major economies, while 133 million new ones will spring up in industries that are only just gaining traction. At the same time, it’s estimated that nearly two-thirds of children who started school in 2016 will go on to have jobs that don’t yet exist.

The jobs picture is getting a little clearer – but a significant challenge remains. Core skill sets are changing, pushing the need for immediate action. The article above suggests several critical actions:

  1. Embrace life-long learning
  2. Foster inclusivity
  3. Start early
  4. Join forces with multiple stakeholders

Work-Related Skills

I’ve explored the topic of Education in multiple posts throughout the years. A topic we must all pay attention to.

2 thoughts on “Jobs will be very different in 10 years

  1. As of today, we all live in a world of technology. Everyone is trying to have the new technology product out there. For example, when Apple released its new iPhone the iPhone 11 pro, most people went and got it just to be using the technology on the phone. Another example is the Tesla cars they are Electric cars and uses more technology than our regular cars. However, you see them now often on the road because people are trying to get used to the new technology. Technology changes every day and gets better and people try to be up to date and learn every new thing. A lot of businesses or companies trying to adapt to new technology and increase it. For example, Walmart and Shoprite have the self-checkouts that you can scan your produces, pay, and leave without interacting with a cashier. And people are liking this improvement or change in technology. They like to do the self-checkout rather than waiting in a long line. Additionally, there are different ways to pay that involves technology, for example, Apple pay. If people do not have their credit card or if they do not want to get it out, they just could get their phone out and use their Apple pay to pay.
    All of there technology is beneficial for all customers and employers for making our life’s easier. However, it could be scary for some employees. According to the article, “By 2022 alone, 75 million jobs will probably be displaced across 20 major economies, while 133 million new ones will spring up in industries that are only just gaining traction”. This shows how many people will be losing their jobs soon, especially that 2022 is not that far. However, the author mentioned that 133 million new jobs will be created, but does employees will adapt quickly enough that it will not affect our economy badly. Companies and industries need to give people time and a chance to learn new specialized skills, gain knowledge, and experience.

    Liked by 1 person

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