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News: Recently, World Economic Forum (WEF) has released the Future of Jobs Report 2025.
Key findings of the report
- The report states that 170 million new jobs will be created by 2030, while 92 million are projected to be displaced. Thus, effectively 78 million new jobs would be created.
- The sectors that will witness the largest number of new jobs include AI and machine learning specialists, big data experts, FinTech engineers, and farmworkers.
- Care sector and education sector jobs are also expected to see a significant jump.
- Though technology skills in AI, big data, and cybersecurity are expected to see rapid growth in demand, human skills such as creative thinking, resilience etc. continue to remain important.
- Clerical jobs like data entry clerks are expected to see the largest decline in jobs, largely due to automation.
- The report emphasises that nearly 59% of the global workforce will require upskilling or reskilling by 2030 to remain competitive.
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