14 million jobs worldwide will vanish in the next 5 years, new economic report finds | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Huge disruptions will rock the global job market over the next five years as the economy weakens and companies boost adoption of technologies such as artificial intelligence.

That finding comes from the World Economic Forum, which on Sunday published a report based on surveys of more than 800 companies. WEF — which hosts a gathering of global leaders in Davos, Switzerland, every year — found that employers expect to create 69 million new jobs by 2027 and eliminate 83 million positions. That will result in a net loss of 14 million jobs, equivalent to 2% of current employment. Many factors will feed labor market churn during that period.

At the same time, the proliferation of artificial intelligence will put many roles at risk, as robots replace humans in some cases. There could be 26 million fewer record-keeping and administrative jobs by 2027, WEF predicted. Data entry clerks and executive secretaries are expected to see the steepest losses. Despite the recent sensation surrounding tools like ChatGPT, automation has expanded slowly in the early part of this decade.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

What's next for troubled First Republic Bank | CNN BusinessFirst Republic Bank is still an independent bank. The question Saturday was how much longer that will continue to be true.
Source: CNN - 🏆 4. / 95 Read more »

Lyft CEO tells employees they must return to the office | CNN BusinessLyft's new CEO David Risher announced another change for the ride-share company: Workers will soon have to return to the office.
Source: CNN - 🏆 4. / 95 Read more »

Wall Street wants clarity from Fed meeting and jobs data | CNN BusinessAfter a jam-packed week of earnings, bank drama and mixed inflation data, Wall Street doesn’t have time for a breather just yet.
Source: CNN - 🏆 4. / 95 Read more »

Big banks are bidding for troubled First Republic as FDIC deadline looms | CNN BusinessFederal regulators are holding an auction for ailing regional bank First Republic, a person familiar with the matter tells CNN.
Source: CNN - 🏆 4. / 95 Read more »