WEF: 14 million jobs will disappear in five years

The WEF believes that the development of artificial intelligence (AI) will have both a positive and a negative impact on jobs.

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World Economic Forum, Photo: Shutterstock
World Economic Forum, Photo: Shutterstock
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

In the world, according to estimates by the World Economic Forum (WEF), 14 million jobs will disappear in the next five years.

Based on a survey in which more than 800 companies participated, the WEF expects that employers will create 2027 million jobs by 69, while 83 million will be cut, reports CNN.

"Therefore, 14 million jobs will disappear, which represents two percent of all employees," the WEF said in a statement.

The transition to renewable energy systems will create a significant number of new jobs, while the labor market will be negatively affected by slow economic growth and high inflation, reports Tanjug.

The WEF believes that the development of artificial intelligence (AI) will have both a positive and a negative impact on jobs.

Companies will need employees to introduce AI into company systems and manage AI-related tools.

"Data analysts, as well as experts in machine learning and cyber security, should not worry about their future, as the demand for them will increase by 30 percent by 2027," WEF estimates.

On the other hand, AI will threaten about 2027 million administrative jobs and jobs related to data storage by 26.

Generative AI tools, including ChatGPT, have recently caused a sensation, but companies don't expect automation to grow at a breakneck pace.

Companies think that by 2027, about 42 percent of all work tasks will be taken over by machines.

"Companies are still changing their minds about what their employees need to know, and the ability to effectively use AI tools is now valued more than programming," the WEF concluded.

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