Work

WHAT'S NEXT?: AI will replace 16% of jobs over the next decade. A billion people will enter the job market over the next ten years.

• [New] Without a concerted effort to increase the opportunities for UK older workers, individuals, businesses and the economy will suffer.
• [New] By 2030, if current trends continue, there will be just two people working in Singapore for every retired person (by comparison, the US will have three people in the workforce for every resident over 65).
• [New] The SCZone will sign new contracts with major local and international companies willing to invest in the economic zone in Ain Sokhna, a step that will help create new job opportunities for Egyptian youth within the next two years.
• [New] Tools, vendors, and projects that help facilitate humans and AI working together to enhance cognitive performance, could generate US$2.9 trillion globally and drive 6.2 billion hours of worker productivity.
• [New] Men and women will be roughly equally affected by automation over the next decade, with 21% of working males and 20% of females losing their jobs by 2030.
• [New] The second wave of change in the global labour market will arise in the next two decades, with developing countries contributing largely to the pool of skilled workforce.
• If South Africa can double the pace at which its workforce acquires skills relevant for human-machine collaboration, it can reduce the number of jobs at risk from 20 percent (3.5 million jobs) in 2025 to just 14 percent (2.5 million jobs).
• 54% of the British public believed that more jobs will be lost than gained due to automation in the next 15 years, with just 11% disagreeing.
• Up to 30% of jobs in the UK are at risk of automation by 2030, likely offset by a range of new jobs.
• Supporting growth in Australia's energy resources industry will be vital in reaching the Morrison Government's target of 1.25 million new jobs over the next five years.
• Through blue-collar job shortages alone, a hard Brexit could cost the UK economy £22 billion a year by 2024, equating to a 70 percent reduction in economic output from the UK's manual and service role workers.
• The democratization of people and their jobs is going to be one of the big things that happens in China in the next ten years.
• While most people (69%) expect their respective cities and residents will benefit in some way within the next 20 years from new technologies like AI, nearly half (45%) also expect their own jobs will be automated within the next decade.
• A no-deal Brexit could cost Ireland between 50,000 and 55,000 jobs over the next two years, with another 30,000 at risk in the medium term.
• The World Bank has stated that creating job opportunities for women is a priority, emphasising support for We-Fi.
• U.S. software-related jobs are growing at 6.5 percent annually - almost twice the rate of jobs in general - and that in Europe, there will be a high-tech skills gap of more than 500,000 unfilled positions by 2020.
• With more than 18.6 gigawatts of offshore wind projected by 2030, offshore represents a new $70 billion industry, creating jobs and capital expenditure benefits for American businesses.
• Data is the new oil and robots and automation will take over 50% of jobs by 2040 are phrases which once sounded like a distant echo but now seep into conversations across the globe.
• 35% of UK jobs are at risk of being replaced by automation in the next 20 years.
• Lost productivity from heat stress at work, particularly in developing countries, is expected to be valued at $4.2 trillion dollars per year by 2030, driving more inequality.
• U.S. coal production fell 2 percent in 2018, and will fall another 6 percent by 2020.
• By 2021, artificial intelligence (AI) augmentation will create $2.9 - trillion of business value and 6.2 - billion hours of worker productivity globally.

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Last updated: 25 August 2019