WEF: AI will net increase of 58 million new jobs in 2022
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The situation of future work is usually discussed in theory. Reports and comments cover a wide range of perspectives, from the dystopian scene of millions of people unemployed to new opportunities for social and economic mobility that may make society better. The World of Economics' The Future of Jobs 2018 aims to build this debate on the basis of facts rather than speculation. By tracking the dynamic changes in new job roles, careers, and industries brought about by technological change, the report assesses changes in work profiles in the fourth industrial revolution.
One of the main drivers of identified changes is the role of emerging technologies such as artificial intelligence (AI) and automation. The report seeks to further clarify the role of new technologies in the labor market and to make the debate about how artificial intelligence can both promote and limit economic opportunities. With a global reach of 575 million members, LinkedIn provides a unique perspective on the development of the global labor market and supports the World Economic Forum's research on trends affecting the future.
The World Economic Forum's report is based on a survey of HR executives, strategic executives and CEOs from more than 300 companies across all industries. Respondents represent more than 15 million employees and 20 developed and emerging economies, which together account for around 70% of the global economy.
According to the World Economic Forum's "Employment for the Future of 2018" report, the development of automation technology and artificial intelligence may lead to the replacement of 75 million jobs. However, the report said that as the company changes the division of labor between people and machines, there may be another 133 million new roles, which means that 58 million new jobs will be created by 2022.
The impact of artificial intelligence is no longer just theoretical; it is part of our real life. The report examines carefully how the growing workforce of artificial intelligence technology affects different industries and job functions across the globe and reveals some of the growth trends in emerging global skills.
Three major growth trends
1. Artificial intelligence skills are one of the fastest growing skills on LinkedIn, increasing by 190% from 2015 to 2017. When we talk about “artificial intelligence skills,” we mean the skills needed to create artificial intelligence techniques, including expertise in areas such as neural networks, deep learning, and machine learning, as well as practical “tools” such as Weka and Scikit-Learn. . According to LinkedIn data, all types of artificial intelligence technologies in the world are growing rapidly.
2. Although we see that the artificial intelligence skills of each industry are growing, our data also shows that the industry with more artificial intelligence skills is also the fastest-changing industry. If we see “change” as a representative of innovation, then this suggests that the existence of artificial intelligence skills is closely related to innovation within the industry. This also means that many industries have the opportunity to increase their investment in artificial intelligence capabilities.
3. Artificial intelligence technology is global, and the countries with the highest penetration rate of artificial intelligence technology are the United States, China, India, Israel and Germany.
At the same time, according to the report of the World Economic Forum, “significant changes” will occur in the quality, location and form of new positions. The report suggests that full-time, permanent jobs may be reduced.
Some companies have the option of using temporary workers, freelancers, and professional contractors, while others may automate many tasks.
The report points out that as the division of labor between machines and humans evolves, employees need new skills.
According to the World Economic Forum, by 2022, it is expected that the machine will complete 42% of all current tasks in the workplace, and now only 29%.
Artificial intelligence and its impact on employment has become a hot topic, and many experts predict that in the next 10 years, machines will eventually replace millions of jobs. However, many corporate executives generally believe that artificial intelligence will also create new jobs.
A similar report was made in an analysis by the global audit firm PricewaterhouseCoopers (PwC). The company says artificial intelligence, robotics and other forms of "smart automation" technology can increase productivity and create better products and services. Although some jobs will be replaced or “essentially fundamental changes”, new jobs will be created and long-term net effects should be positive for the overall economy.
According to the report of the World Economic Forum, although nearly half of the companies expect the number of full-time employees to decrease in the next few years, the prospects for new employment are still optimistic. This is because companies now have a better understanding of how technology creates new business opportunities.
Saadia Zahidi, director of the Centre for the New Economy and Society, said that while automation may increase the productivity of companies, they need to invest in their employees to stay competitive.
Zahidi said in a statement: "This has both moral and economic requirements. Without a proactive approach, companies and workers may lose the economic potential of the fourth industrial revolution."
The fourth industrial revolution basically refers to the way in which new technologies will change people's lives, work and connections.
The World Economic Forum says companies, governments and employees need to work together to address the skills shortages caused by automation.
The World Economic Forum says that if companies ultimately can effectively upgrade the skills of existing employees and assign tasks between employees and machines, they will create opportunities to increase productivity.