14 million jobs will vanish in next 5 years: WEF report
Nearly a quarter of global jobs will “change” in the next five years, with 69 million new jobs likely to be created and 83 million lost, the World Economic Forum’s Future of Jobs Report 2023 said on Sunday.
If the once-in-century pandemic and automation created a “double-destruction scenario” for workers at the start of the current decade, the global shift in occupations will continue to be relentless in the next five years as well, with a declining trend in net job creation, according to a new report.
Nearly a quarter of global jobs will “change” in the next five years, with 69 million new jobs likely to be created and 83 million lost, the World Economic Forum’s Future of Jobs Report 2023 said on Sunday.
While green transition and localisation of supply chains will lead job growth in the 2023-2027 period, the labour market churn caused by technology and increased digital access per se will be “a net positive in jobs gained”, the report said, relying on a survey of 803 companies.
