WEF Report on the Future of Jobs

The World Economic Forum recently released a report on the future of jobs. Their analyses refer to the Fourth Industrial Revolution and their Centre for the Fourth Industrial Revolution.
The report states that
“The Fourth Industrial Revolution is interacting with other socio-economic and demographic factors to create a perfect storm of business model change in all industries, resulting in major disruptions to labour markets. New categories of jobs will emerge, partly or wholly displacing others. The skill sets required in both old and new occupations will change in most industries and transform how and where people work. It may also affect female and male workers differently and transform the dynamics of the industry gender gap.
The Future of Jobs Report aims to unpack and provide specific information on the relative magnitude of these trends by industry and geography, and on the expected time horizon for their impact to be felt on job functions, employment levels and skills.”

The report concludes that by 2022 more jobs can be created than the number lost but that various stakeholders, including those making education policy, must make wise decisions.

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