The future of employment is rapidly changing with advancements in artificial intelligence and automation. The World Economic Forum’s Future of Jobs Report highlights the jobs that are facing significant decline as a result of these technological developments. This global phenomenon is affecting both developed and emerging economies, with millions of workers at risk of job displacement.
According to projections, around 14 million jobs could be lost by 2027 due to automation and artificial intelligence. This figure emphasizes the impact of technological advancements on the global job market, especially in sectors where tasks can be automated or digitized.
The top 10 declining professions that are projected to face job cuts are bank tellers, postal service clerks, cashiers, data entry clerks, administrative and executive secretaries, material-recording and stock-keeping clerks, accounting, bookkeeping, and payroll clerks, legislators and officials, statistical, finance, and insurance clerks, and door-to-door sales workers, news, and street vendors.
Developed economies such as USA, Germany, and Japan are experiencing a significant job loss rate, particularly in sectors like retail, finance, and manufacturing. In emerging economies like China and India, the job loss rates are also notable in manufacturing, logistics, and administrative and customer service sectors.
If your career falls within these declining professions, it’s essential to take action now and leverage your existing qualifications and experience. By acquiring additional qualifications in AI and related technologies, you can position yourself as an indispensable part of the evolving workforce and ensure your continued employability in the future job market. Remember, even in an AI-driven world, there will always be a significant need for human insight and management.
Still have some travel questions? Ask in our Travel WhatsApp Group.