World Economic Forum study: robots will create more jobs than they will destroy

Newsroom 18/09/2018 | 11:48

According to The Future of Jobs 2018 study published by the World Economic Forum, robots will create 58 million more jobs in the next four years than they will destroy. The advances in the field of robotics and artificial intelligence will significantly increase the level of automation over the next few years.

By 2022, 42 percent of all current tasks will be done by robots. Currently, their share is at 29 percent. As the World Economic Forum study shows, due to robots, 75 million jobs will disappear over the next four years, but 133 million new jobs will be generated, resulting in an additional 58 million jobs.

The same study shows that the way people work will undergo important changes. Remote work will be used more and more, to the detriment of traditional full-time jobs. In addition, freelancers and temporary workers, who are specialized in punctual accomplishment of certain tasks, will find employment more easily.

Furthermore, many employees will have to learn and adapt to new conditions in the labor market, because traditional jobs will be replaced by other types of jobs, some of them still unknown.

Sectors like office and administrative, manufacturing, construction, extraction, arts, design, entertainment, sports media, legal, and installation and maintenance will lose ground.

Instead, we will see boosted demand for data analysts, management, computer and mathematics, architecture and engineering, sales, education and training.

The impact of automation will be so important both personally and professionally for a large number of people and companies that specialists are calling it the Fourth Industrial Revolution.

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