Labour market ‘churn’ ahead with a quarter of jobs changing by 2027 – survey

Survey Predicts Major Job Changes in the Next Five Years

According to a survey of employers published by the World Economic Forum (WEF), around a quarter of jobs are set to change in the next five years. The report predicts that 69 million jobs will be created and 83 million eliminated by 2027, resulting in a net decrease of 2% of current employment.

The survey is based on input from some 800 companies employing more than 11 million workers and uses a dataset of 673 million jobs. Technology and digitalisation are both the driver of job creation and of destruction, the report said. “Advancing technology adoption and increasing digitization will cause significant labour market churn,” it said.

Fastest Declining Roles and Growing Demand

• Secretarial and clerical roles such as bank tellers and cashiers are expected to decline due to automation.
• Demand for AI machine learning specialists and cybersecurity experts is expected to grow significantly.

It’s important to stay informed about the changing job market and be prepared for the future.

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Major Headlines from Around the World

This week has been filled with major headlines in the U.S. and around the world. Stay up-to-date with the latest news and events.

Updates on Global Affairs

• The European Union is likely to reach a political agreement this year on AI regulation.
• The Group of Seven advanced nations should adopt “risk-based” regulation on artificial intelligence.
• Brazil’s second instance appeals court lifted the suspension of the encrypted messaging app Telegram.
• The Biden administration outlined efforts to address growing U.S. national security concerns.

Stay informed about global affairs and their impact on our world.