Automation is projected to erase 85 million global jobs by 2025 - Business Insider

its Future of Jobs report, highlighting the extent to which the coronavirus will accelerate automation efforts and reshape the world economy.For the report, the WEF fielded 291 unique responses from business executives at global companies with 100+ employees, collectively representing more than 7.7 million employees worldwide. By 2025, 85 million global jobs will disappear as a consequence of automation. Employers expect that "increasingly redundant roles" which now make up 15.

Automation will also help create new jobs—just not for the same workers. The WEF predicts that between now and 2025, 97 million new roles will emerge that are better suited for a more heavily automated economy. WEF predicts there will be increased demand for roles like data scientists, AI and machine learning specialists, and process automation specialists; it projects a decline in demand for jobs such as data entry clerks, construction laborers, and postal service clerks.

In the near term, we believe the shift to remote work will be an even bigger driver of job displacement than automation. When asked how they planned to adapt their business in response to the pandemic, 83% of the employers surveyed by WEC said they plan to provide more opportunities to work remotely, relative to only 50% who said they plan to accelerate automation.

The shift to remote work could displace existing workers, as companies look for ways to reduce costs by hiring workers in regions where labor costs are lower. For instance, according to a July 2020 from The Information, Uber CEO Dara Khosrowshahi planned to shift the company's engineering teams to India to reduce costs amid the pandemic.

Uber laid off over 6,700 employees in May, and as recently as October it announced that it would begin

Damn! Robots and AI applications will cause more hunger in the World than Global Warming, Locust attacks and Corona Virus pandemics 😤

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside Trump's relationship with multi-level marketing company ACN - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Can't make this shit up. Just read your hit piece on the laptop. 'Conservative Tabloid', 'Trumps personal Lawyer', 'Trumps handpicked DNI', Ron Johnson, Staunch Trump Ally'....paint that narrative. FBI says nothing to add. The laptop is real. Hunter even signed for the drop off. The media is scary.
Source: BusinessInsider - 🏆 729. / 51 Read more »

An Inside Look At This CEO’s Refreshing Way Of Doing Business In The Beverage IndustryFor Certified Holistic Educator, Raw Food Chef, Plant-Based Nutritionist, and Founder of organic juice brand Garden of Flavor Lisa Reed, it’s all about the juice.
Source: Forbes - 🏆 394. / 53 Read more »

Robert DeMora Dies: Costume Designer For Bette Midler, ‘Risky Business’ Was 85Robert DeMora, a costume designer with film credits that include Risky Business, The Wanderers and The Birdcage but who made his biggest splash creating dazzling, near-surreal costumes for Bette Mi…
Source: DEADLINE - 🏆 109. / 63 Read more »

Credit card points helped me quit job without using my emergency fund - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump campaign nearly went broke amid $200 million budget misfire, GOP sources say - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Is this how the Trump campaign is planning to cover the hush money they used Parscale to pay out?
Source: BusinessInsider - 🏆 729. / 51 Read more »