new working ways to cost five million jobs by 2020,
Davos study says
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[January 18, 2016]
DAVOS, Switzerland (Reuters) -
Disruptive labor market changes, including the rise of robots and
artificial intelligence, will result in a net loss of 5.1 million jobs
over the next five years in 15 leading countries, according to an
analysis published in Davos on Monday.
The projection by the World Economic Forum (WEF), which is holding
its annual meeting in the Swiss ski resort this week, assumes a
total loss of 7.1 million jobs, offset by a gain of 2 million new
The 15 economies covered by the survey account for approximately 65
percent of the world’s total workforce.
The assessment highlights the challenges posed by modern
technologies that are automating and making redundant multiple human
tasks, from manufacturing to healthcare.
With the International Labor Organization, part of the United
Nations, already forecasting an increase in global unemployment of
11 million by 2020, the size of the additional job losses is
Two-thirds of the projected losses are expected to fall in the
office and administrative sectors as smart machines take over more
routine tasks, according to latest findings, which are based on a
global survey of personnel and strategy executives.
The WEF has made "the fourth industrial revolution" - a topic
covering robotics, nanotechnology, 3D printing and biotechnology -
the official theme of this year's Davos meeting, which runs from
Jan. 20 to 23.
The "Future of Jobs" report concluded that jobs would be displaced
in every industry, although the impact would vary considerably, with
the biggest negative losses likely to be in healthcare, reflecting
the rise of telemedicine, followed by energy and financial services.
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At the same time, however, there will be a growing demand for
certain skilled workers, including data analysts and specialist
Women will be the biggest losers as their jobs are often
concentrated in low-growth or declining areas such as sales, office
and administrative roles, the report said.
While men will see approximately one job gained for every three lost
over the next five years, women face more than five jobs lost for
every one gained.
(Reporting by Ben Hirschler; editing by Anna Willard)
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