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Published: 15:51, May 01, 2023 | Updated: 09:32, May 02, 2023
WEF survey: 83m jobs to be lost by 2027 amid digitalization
By Reuters
Published:15:51, May 01, 2023 Updated:09:32, May 02, 2023 By Reuters

A sign of the World Economic Forum is seen at the Congress centre during the WEF's annual meeting in Davos on May 23, 2022. (PHOTO / AFP)

GENEVA - Around a quarter of jobs are set to change in the next five years, according to a survey of employers published on Monday by the World Economic Forum (WEF), the organization known for its annual meeting in Davos, Switzerland.

Some 69 million jobs will be created and 83 million eliminated by 2027, it said, resulting in a net decrease of 2 percent of current employment, according to the Future of Jobs report.

The survey is based on input from some 800 companies employing more than 11 million workers and uses a dataset of 673 million jobs

The survey is based on input from some 800 companies employing more than 11 million workers and uses a dataset of 673 million jobs.

Technology and digitalization is both the driver of job creation and of destruction, according to a summary of the report.

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"Advancing technology adoption and increasing digitization will cause significant labor market churn," it said.

The fastest declining roles will be secretarial and clerical roles such as bank tellers and cashiers which can be automated while demand for AI machine learning specialists and cybersecurity experts is expected to grow significantly, it said.


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