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] The EU's decision to push for carbon neutrality by 2050 would bring opportunities for new jobs and better living conditions - but would be painful for some workers and involve massive public and private investments well beyond the capacities of EU institutions.
• [New] The consensus view is that the healthy labor market and benign financial conditions will allow the U.S. economy to continue to grow for a record eleventh consecutive year.
• [New] U.S. manufacturing employment is expected to experience contraction in 2020 and the remaining years of the long-term outlook.
• [New] One of our recent studies forecasts a growing shortage of skilled workers over the next decade - up to as many as 2.4 million unfilled jobs between 2018 and 2028, which could put US$ 2 trillion of economic output at risk.
• [New] Six million people in England risk being without a job or in work they are over-qualified for by 2030.
• [New] Idaho's annual job growth is projected to increase by 3.6 percent, or 1.8 percent per year from first quarter 2018 to first quarter 2020.
• [New] Given the strong correlation between higher education and economic growth, some experts have been bold enough to claim that the growth of the U.S. economy through 2020 and beyond will be tied directly to the level of education achieved by its workforce.
• [New] Over the next decade the UK advanced fuels industry is expected to be worth over £400 million and create 9,800 jobs.
• [New] Growth in the U.S. labor force is projected to slow over the next decade, which would make the upcoming decade the fifth consecutive decade of decelerating growth.
• The new Millennial Work-force is already close to half of the work-force in major nations of the world and will be the majority beyond 2020.
• Idaho's low unemployment rate is projected to rise to an average of 3.2 percent through calendar year 2019 and increase slightly to 3.5 percent into 2020.
• 30% of jobs around the world are at risk of automation by the mid-2030s, including 44% of workers with low education.
• The nature of employment and work are likely to continue to change with ongoing disruption to existing business models and creation of new markets from global mobility of workers and new technologies.
• With the unemployment rate in South Africa edging up to 29.1 percent in Q3 2019, its highest level since comparable data began in Q1 2008, key jobs sectors including mining and the industrial sector are expected to continue shedding jobs at unprecedented rates in 2020.
• The number of US 16 - to 24-year - olds in the labor force is expected to drop by 1.2 million by 2028.
• 47 percent of a retail salesperson's activities could be automated, and The British Retail Consortium predicts that over the next 20 years, 60 percent of jobs in retail will be at risk due to automation.
• New Zealand's unemployment rate is low at 4.2 per cent, our economy is predicted to add 43,600 jobs in 2020, and our GDP is growing at a faster rate than other OECD nations, including Australia, Canada, the USA and European countries.
• More than 16 million American workers are contingent and earn money from freelance gigs in some capacity, that by 2022 more than 42.5% of the global workforce will be mobile workers and the staff augmentation market is valued in excess of $45 billion.
• The desire to tax robots will not benefit workers, and will hamper productivity growth.
• The driver assistance system and automated vehicles market value would be EUR 8.8 billion and shall generate 130,000 jobs by 2025 in Germany.
• Two of the fastest growing jobs in the next decade will home health aides and personal care aides - jobs that pay less than $25,000 a year.
• The aging of the population could be contributing to the well-documented reduction in dynamism in the US economy as measured by lower productivity growth and reduced labor market fluidity.

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Last updated: 26 January 2020