The exponential rise in the world’s population is bringing with it the unenviable task of finding employment and opportunity for all. In 2050, the world’s population is predicted to increase to 9.7 billion.
New research in an era of rapid growth in automation and artificial intelligence assesses the jobs lost and jobs gained under alternative scenarios through 2030.
Job Loss Due to Automation and Digital Transformation
Report by the McKinsey Global Institute
The McKinsey Global Institute reports some 70 million U.S. jobs may be lost to automation by 2030, but it also emphasizes the potential for new jobs in technological and health sectors.
According to the World Economic Forum, an estimated 85 million jobs may disappear from 15 different industries and 26 economies by 2025, mostly in low-skill, repetitive jobs.
Other Significant Statistics and Takeaways
1. UNESCO (2020):
By 2030, 1 billion people globally will require reskilling as a result of the accelerated pace of digital transformation and automation.
An online learning platform should enable employees to equip themselves with new AI, data analysis, and technological skills for new employment opportunities.
2. Statista 2021:
Statista indicates that IT-related careers like software developers, data scientists, and cybersecurity analysts are likely to increase by 22% globally by 2030, outpacing the 7% growth of overall jobs.
3. Accenture (2020):
AI will create 133 million new jobs around the world by 2030 in industries such as AI ethics, robotics programming, and machine learning maintenance.
The Rise of New Job Profiles
Jobs that will be forced out by automation will give way to the emergence of new jobs in AI, cloud computing, cybersecurity, data science, healthcare, and green energy.
The World Economic Forum predicts that the jobs in digital and cognitive skill-intensive sectors would be 97 million by 2025.
According to Cybersecurity Ventures’ 2021 Report, there are estimated 3.5 million unfilled cybersecurity jobs projected by 2025 as the increased digital landscape and sophisticated cyber threats continue to grow exponentially.
According to the U.S. Bureau of Labor Statistics, employment in data science and data analysis is likely to grow 35% between 2021 and 2031, which is much faster than average growth for all occupations.
Why we are not Prepared for future
Since AI continuously learns and evolves, thus affording ample opportunities in emerging fields like data science, AI development, and cybersecurity among others, most of us remain distracted by instant gratification from social media and entertainment.
The future rewards those who focus on attaining digital skills, staying ahead of technological advancement, and embracing lifelong learning. Start now by committing a time slot for learning and developing skills to improve yourself. Each minute devoted to building skills is an investment for a bright future.
Focus and Be Prepared for the Future
Will we be ready to meet it, or leave unprepared to face our tomorrows?
Work in the future will demand a new kind of worker, one who is adaptable, resilient, and committed to continuous learning. Now is the time to prepare ourselves not just to survive but to thrive in this new world. Spend the time every day in learning and development instead of scrolling through social media.
Take online courses in AI, data science, digital marketing, web development, robotics, and other future-proof skills.
Follow industry leaders, read books on self-development and business, and engage with communities encouraging growth.