Job loss concern for 40 percent of workers worldwide

Close to 40 percent of workers worldwide think their job could disappear in five years, six in 10 are worried that machines would take over their jobs, and by 2025 humans and machines are predicted to spend equal amounts of time at work, according to a report published by the World Economic Forum (WEF).

Subhan Bakery - Instagram Commercial

Based on a survey of 32,000 workers conducted by consulting giant PwC in 19 countries, Xinhua news agency quoted the report as saying on Thursday that half of the respondents were optimistic about their future.

Effects of automation

The survey also highlighted that 60 per cent of the respondents were worried about the effects of automation and 56 per cent thought that fewer people would obtain long-term employment in the future.

MS Education Academy

This prompted 61 per cent of the people surveyed, most of them young, to agree that governments should protect jobs.

The survey also found that 40 per cent of workers used the Covid-19 lockdown last year to hone their digital skills, and that 77 per cent were ready to learn new skills or to retrain.

New technologies

Furthermore, 80 per cent were confident in their ability to adapt to new technologies.

According to a previous WEF report, 85 million jobs may be at risk of disappearance due to the growing reliance on machines and artificial intelligence (AI), but 97 million new jobs might emerge in such a scenario.

Subscribe us on The Siasat Daily - Google News

Indo-Asian News Service

Indo-Asian News Service or IANS is a private Indian news agency. It was founded in 1986 by Indian American publisher Gopal Raju as the "India Abroad News Service" and later renamed. The service reports news, views and analysis from the subcontinent about the country, across a wide range of subjects.
Back to top button