The Future of Jobs report was recently seen in news. Which of the following organization has released the report?

[A] World Bank

[B] International Labour Organization

[C] UN Capital Development Fund (UNCDF)

[D] World Economic Forum (WEF)

Answer: D

Notes:

In 2020, World Economic Forum (WEF) came out with its report titled – The Future of Jobs.

Significance

The report tries to answer this question – will Artificial Intelligence (AI) and technology take over our jobs?

Findings

Double-disruption: Automation, in tandem with the COVID-19 recession, is creating a ‘double-disruption’ scenario for workers. While some businesses surveyed indicated that they are set to reduce their workforce due to technology integration, some have plans to expand their workforce. Some businesses also plan to expand their use of contractors for task-specialized work.
By 2025, the time spent on current tasks at work by humans and machines will be equal. In 2020, humans did 2/3rd of work and machines the rest; just five years hence, the human-machine split will be nearly equal.