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| Millions of jobs will be destroyed by technology |
According to a report by the World Economic Forum (WEF), layoffs due to the use of new technologies will reach 85 million in the next five years.
This trend can be offset by creating 97 million new jobs, and companies and governments will redouble their efforts to improve workforce skills and training.
Several unexpected events occurred in 2020 that hastened change and could jeopardize labor market stability faster than expected.
The Coronavirus has accelerated the digital transformation of most companies and made remote work mainstream.
The World Economic Forum found that 80% of policymakers plan to accelerate process automation and half of them plan to improve business automation.
The forum obtained these results from a survey of more than 300 large companies around the world employing 8 million people around the world.
Industries such as finance, healthcare, and transportation have shown a renewed interest in artificial intelligence, while the public sector is interested in expanding the use of big data, the Internet of Things, and robotics.
Technical managers rely on AI systems and machines to perform tasks that previously could be performed manually.
The World Economic Forum predicts that by 2025, machines will do up to 65% of information, process and retrieve data, which is only 35% of the human workload.
This means that a lot of work will be redundant in the next few years.
The World Economic Forum expects that many tasks such as data entry, accounting and auditing will be replaced by automation.
The increase in so-called jobs of tomorrow that require new skills can offset the lack of labor demand for jobs that machines can do.
The report notes that given the boundaries between human labor tasks and machine and algorithm tasks, there is an opportunity for us to ensure that these changes lead to a new era of work, work and work. Improving the quality of life for everyone.