Automation delivers nearly 60 million extra jobs worldwide until 2022

Sep

17

2018


According to the World Economic Forum, a Swiss think tank, the global increase in automation in the form of robots and artificial intelligence in the next four years will probably lead to a net growth in the number of jobs.

In a report, the World Economic Forum writes that, according to certain estimates, 75 million jobs are likely to be in jeopardy by 2022 because of increasing automation. On the other hand, there are 133 million new jobs that respond to the new distribution of tasks between man and machine. More than 58 million jobs could be added worldwide. According to the researchers, robots will not only provide new, high-quality jobs in the coming years. Increasing automation will improve the quality of existing jobs and the productivity of employees.

It is, however, of great importance that substantial investments are made in the retraining of employees, writes the think tank. If that does not happen, a situation can arise where the technological change goes hand in hand with lack of talent, mass layoffs and growing inequality. To prevent this, companies must play an active role in enabling their employees to retrain or retrain, so that they have the skills to respond to the increasing role of automation. According to the researchers, by 2022, no less than 54 percent of employees must retire or retrain.

The report states that 71 percent of working hours in twelve different industrial sectors are still being filled in by people. This is expected to have dropped to 58 percent in 2022. The report was drawn up on the basis of insights from managers of human resource departments of some of the world’s largest companies.

The Organization for Economic Co-operation and Development reported earlier this year that 14 percent of jobs in the 32 OECD countries are likely to be filled in time by robots or other forms of automation. That is equivalent to 66 million jobs.

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