A recent World Economic Forum report predicts that advancements in artificial intelligence will displace 92 million jobs, or eight percent of the global workforce, by 2030.
The report highlights that 41 per cent of employers expect workforce reductions due to AI automating tasks, with positions such as graphic designers and legal secretaries being particularly vulnerable.
Generative AI tools are increasingly replacing human-driven roles across various industries.
Despite the predicted job losses, AI and big data are identified as the fastest-growing skills, followed by networks, cybersecurity, and technology literacy.
However, the skills gap among workers remains a significant challenge as job roles evolve. On a positive note, AI is expected to create 170 million new jobs by 2030, resulting in a net increase of 78 million roles, or a seven percent global job growth.
To address these changes, 77 per cent of employers plan to retrain their workforce with AI-related skills.
The WEF underscores the importance of supporting workers through this transition.
“While technology will enhance productivity, it’s essential that workers are equipped with the skills to adapt. Without proper support, millions may face job displacement,” the report warned.
“As AI reshapes the global workforce, a focus on skill development, retraining, and strategic policymaking will be critical to preparing workers for the future of work,” it stated.
