Job loss a priority for 40% staff worldwide: WEF report

Geneva: Close to 40 per cent of staff worldwide assume their job might disappear in 5 years, six in 10 are frightened that machines would take over their jobs, and by 2025 people and machines are predicted to spend equal quantities of time at work, in line with a report printed by the World Economic Forum (WEF).

Based on a survey of 32,000 staff carried out by consulting large PwC in 19 nations, Xinhua information company quoted the report as saying on Thursday that half of the respondents had been optimistic about their future.

The survey additionally highlighted that 60 per cent of the respondents had been frightened concerning the results of automation and 56 per cent thought that fewer folks would get hold of long-term employment sooner or later.

This prompted 61 per cent of the folks surveyed, most of them younger, to agree that governments ought to defend jobs.

The survey additionally discovered that 40 per cent of staff used the Covid-19 lockdown final yr to hone their digital abilities, and that 77 per cent had been able to study new abilities or to retrain.

Furthermore, 80 per cent had been assured of their capability to adapt to new applied sciences.

According to a earlier WEF report, 85 million jobs could also be susceptible to disappearance because of the rising reliance on machines and synthetic intelligence (AI), however 97 million new jobs may emerge in such a state of affairs.

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