Machines to handle over half workplace tasks by 2025
Machines to handle over half workplace tasks by 2025
Factory robot seen at the Wo Bit company building in Poland in July 2018. JP Black—LightRocket Getty Images
22 September, 2018, 13:12
A McKinsey report in December produced one of the rosier assessments, forecasting jobs lost and created by new technology might be about equal by 2030. The World Economic Forum estimates that machines will be responsible for 52 percent of the division of labor as share of hours within seven years, up from just 29 percent today. By 2022 this average is expected to have shifted to 58 percent task hours performed by humans and 42 percent by machines.
"Despite bringing widespread disruption, the advent of machine, robots and algorithm could actually have a positive impact on human employment".
Meanwhile, employees should expect "significant shifts" in the quality, location, and format of new roles, meaning that the typical full time, permanent employee will be less dominant. But sectors where human skills remain relevant-such as sales, marketing, customer service, e-commerce and social media-will see a spurt in demand.
"It is critical that businesses take an active role in supporting their existing workforces through reskilling and upskilling, that individuals take a proactive approach to their own lifelong learning, and that governments create an enabling environment to facilitate this workforce transformation". The new roles will require additional skills sets for managing the interface between humans and technology, indicated the WEF.
'These net gains are not a foregone conclusion, ' WEF chairman Klaus Schwab said. There is both a moral and economic imperative to do so. The risk of slavery tainting supply chains will spiral as workers who lose their jobs due to increased robot manufacturing will be more vulnerable to workplace abuses as they jostle for fewer jobs at lower wages, said Alexandra Channer of Maplecroft.
The WEF Report titled "The Future of Jobs 2018" was based on a survey of human resources officers, strategy executives and CEOs from over 300 global companies across industries, representing 15 million employees and 20 developed and emerging economies.
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