The Future of Jobs Report 2018

Delivering sustainable economic growth
Posted Oct 09, 2018 | WEF’s Centre for the New Economy and Society

There is a clear shift to a  borderless workforce comprising networks of people who depend on a specific company but work without formal employment agreements.. This report by the WEF’s Centre for the New Economy and Society suggests that the human share of labour hours will drop from 71percent to 58 percent by 2025. Machines and algorithms will contribute increasingly to specific job tasks by an average of 57 percent. However, the demand for human skills may not decline. Although 75 million current jobs will be displaced by the shift in the division of labour between humans, machines and algorithms, 33 million new jobs will be created. The development of this human capital can be achieved through purposeful action and lifelong learning to harness human potential.


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