Two hands, one human and one robotic, touching each other in front of a pink background.
Photo by Igor Omilaev on Unsplash
Are you scared of automation? Maybe you should be. According to a new survey from the World Economic Forum as part of its annual Future of Jobs report, 41% of large companies plan to reduce their workforces as AI becomes more powerful. However, 77% of respondents also said they plan to “re-skill” or “up-skill” employees to optimize their operations.
In the next five years, 170 million new jobs will be created by macro trends including the rise of AI, but another 92 million will be displaced.
The report indicates that AI will fuel demand for a new cadre of workers, such as “big data specialists, fintech engineers and AI and machine learning specialists,” and demand for software developers will continue to rise. Cashiers, administrative assistants, and bank tellers will be among the displaced jobs.
Thankfully, newsletter writers and editors aren’t listed as easily replaceable — at least not yet.