Robots will destroy 85 million jobs over next five years as pandemic speeds up workplace changes, WEF says
- The Covid-19 pandemic is accelerating changes in the workplace likely to exaggerate inequalities, a WEF study has found
- Surveys of nearly 300 global companies found four out of five business executives were accelerating plans to digitise work and deploy new technologies
Surveys of nearly 300 global companies found four out of five business executives were accelerating plans to digitise work and deploy new technologies, undoing employment gains made since the financial crisis of 2007-8.
“Covid-19 has accelerated the arrival of the future of work,” WEF managing director Saadia Zahidi said.
For workers set to remain in their roles in the next five years, nearly half would need to learn new skills, and by 2025, employers will divide work between humans and machines equally, the study found.
Overall, job creation is slowing and job destruction is accelerating as companies around the world use technology rather than people for data entry, accounting and administration duties.
The good news is that more than 97 million jobs will emerge across the care economy, in tech industries like artificial intelligence (AI), and in content creation, the Geneva-based WEF said.