Work

WHAT'S NEXT?: AI will replace 16% of jobs over the next decade. A billion people will enter the job market over the next ten years.

[New] Because of the aging of Germany's population and low unemployment rates, there's a shortage not only of skilled workers but also of new entrants into vocational apprenticeship programs - a trend that is expected to significantly depress economic growth by 2035.
[New] The Group on Earth Observations Health Community of Practice has prioritized the development of a framework to monitor and forecast fire impacts of the health of population within its work plan for 2019.
[New] MLSD announced a plan to nationalize and create jobs for Saudis in three main sectors during 2019-2020, with 80 thousand jobs in real estate and construction and 40 thousand jobs in health, and 15 thousand jobs in IT.
[New] Half of today's work activities have the potenRoughly 25 percent of jobs in the U.S. will face high exposure to automation in the coming decades.
[New] Australia wages growth has been weak, and if the slowdown in growth persists, unemployment is expected to rise.
[New] The reduced cost of manufacturing in India will not only generate employment opportunities, but also help in easing the transition from ICE-based vehicles to electric cars, electric two-wheelers, etc.
[New] By 2030, as many as 375 million workers - or roughly 14 percent of the global workforce - may need to switch occupational categories as digitization, automation, and advances in artificial intelligence disrupt the world of work..
[New] Most jobs forecast to be created by 2030 will require a medium or high level of education, while it is expected that the supply of workers with high-level qualifications will be insufficient within the next decade.
[New] In India's industrial sector, consumer non-durables and intermediate goods have posted sustained expansion during 2019-20 so far and have emerged as potential growth drivers.
[New] Interest rates are very low and probably will not fall much further, especially when the U.S. unemployment rate is only 3.7% and U.S. federal debt is projected to increase relative to gross domestic product (GDP) due to the Trump administration tax cuts.
[New] $1 million spent on fossil fuels in the U.S. will generate 2-3 full-time equivalent jobs, while $1 million spent on renewable energy or energy efficiency will create 7-8 jobs.
[New] AI technologies will create more than 800,000 new jobs and add $1.1 trillion to global GDP by 2021.
[New] Banning 'zero-hour contracts' will leave millions of workers with less flexibility at work and threatens Britain's jobs miracle of the past decade.
[New] In Canada, 50,000 mining workers, representing roughly 26 percent of the current workforce, are expected to retire in the next ten years.
After a partial opening of the German labour market to non-EU citizens in 2020, the risk that a large number of Ukrainian workers will leave Poland and go to Germany is limited.
By 2050, a full programme of 16 power stations could create 40,000 jobs and add £52bn of value to the UK economy.
About 230 million jobs in sub-Saharan Africa will require digital skills by 2030, presenting investors and education operators with an estimated $130 billion opportunity to train the future workforce in digital mastery.
If the UK were to increase output per worker to, for example, German levels, the economy could be more than £180bn per year larger; or £5,800 higher for each worker in the UK.
Although Boris Johnson has ruled out another referendum in any circumstances, the SNP will use the 2021 Scottish Parliament election to seek a mandate for one.
5G, or fifth generation mobile wireless, is expected to do even more, adding three million jobs and $1.2 trillion in the coming decade by connecting the other 70 percent of the US economy.
About 46% of the workforce in China and UK will participate in entirely new jobs or deploy in new skills-demanding jobs by 2022.
With a large number of companies in the U.S., the thriving wealth management industry owing to the large population of high income people, and the willingness to embrace new technologies will continue to work in favor of the global robo advisors market in the next few years as well.
The proportion of work delivered through automation has more than doubled over the last three years and is expected to grow to 34% in Asia Pacific in the next three years.

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Last updated: 08 December 2019