World Economic Forum (WEF) has released its “Future of Jobs Report 2025,” highlighting the urgent need for upskilling to address the 78 million new job opportunities expected by 2030.
The report underscores the significant impact of technological advancements, demographic shifts, and economic pressures on the global job market.
Job Market Projections
According to the report, 170 million new jobs will be created by 2030, while 92 million jobs will be displaced, resulting in a net increase of 78 million jobs.
This job disruption will equate to 22% of the jobs by 2030.
The report emphasizes that nearly 40% of the skills required for these new jobs will need to change.
Additionally, 63% of employers cite the skills gap as the key barrier to business transformation.
The report finds that out of every 100 workers in the global workforce, 59 will require reskilling or upskilling by 2030.
However, 11 of these workers are unlikely to receive the necessary training. This puts over 120 million workers at medium-term risk of redundancy.
The skills gap is identified as the most significant hurdle for business transformation.
Technology skills in AI, big data, and cybersecurity are expected to see rapid growth in demand.
Human and Technological Upskilling
While technological skills are crucial, the report also highlights the importance of human skills. These skills include creative thinking, resilience, flexibility, and agility.
A combination of both skill types will be increasingly crucial in a fast-shifting job market.
Frontline roles, including farmworkers, delivery drivers, and construction workers, are poised to see the largest job growth in absolute terms by 2030.
Significant increases are projected for care jobs, such as nursing professionals, driven by demographic trends.
Additionally, education specialists, such as secondary school teachers, will also see growth due to these trends.
Advances in AI, robotics, and renewable energy are expected to increase demand for specialist roles in these fields.
However, roles like cashiers and administrative assistants will see a decline, with graphic designers also joining the fastest declining sector due to generative AI.
Till Leopold, Head of Work, Wages, and Job Creation at the World Economic Forum, emphasizes the need for collective action.
He calls for collaboration across the public, private, and education sectors to address the growing skills gaps.
He states, “The time is now for businesses and governments to work together, invest in skills, and build an equitable and resilient global workforce”.
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