Global Scans · Work · Weekly Summary

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] As cultural organizations fight for survival, we will see a growing impact on jobs, services and in communities across Scotland. The Guardian
• [New] The UK will continue to work closely with international governments, AI AI companies and civil society, to ensure people across the globe can safely realise the transformative benefits of AI AI to unlock new opportunities, transform productivity and public services, and power economic growth. GOV.UK
• [New] The decrease in the global tourism industry due to the Covid-19 pandemic could result in a loss of US$ 2 trillion in world GDP, and the loss of 174 million jobs, if travel restrictions remain in place. ITIC - Industry Recovery Roadmap
• [New] DHS will expand the UFLPA Entity List to include textile companies that it and the Forced Labor Enforcement Task Force find utilize, or are otherwise associated with promoting, forced labour in Xinjiang. Debevoise
• [New] The shipbuilding industry in Scotland and across the UK faces a significant challenge: a skills gap that threatens to slow work and frustrate schedules. UK Defence Journal
• [New] Tata has said that its plans to switch from coal-fired blast furnaces to an electric arc furnace, which produces steel from scrap metal, needs fewer workers and that 2,500 jobs will go by the middle of 2025, with a further 300 at longer-term risk. The Washington Post
• [New] Growth of private debt: Private debt, particularly to companies backed by private equity, is rapidly expanding and forecasted to reach USD 2 trillion by 2027, competing with traditional funding routes. Evalueserve
• [New] The UK works closely with Japan as part of the Global Combat Air Programme, which, along with Italy, will deliver a next-generation fighter jet to enter service from 2035 in a significant capability boost for all countries involved. GOV.UK
• [New] What we found is 80% of the consumers in the United States expect for governments and private sector to work on water conservation issues, and so that's 80% of consumers. The Washington Post
• [New] In parallel, workforce development must accelerate to meet the goal of tripling installed nuclear energy capacity by 2050, which could create more than 5 million new jobs. Bain
• [New] Japan will provide and maintain a pressurized rover to support astronauts living and working on the Moon, while the United States will allocate two astronaut flight opportunities to the lunar surface for Japan on future Artemis missions. The White House
• [New] The United States and Japan plan to establish a working group of relevant experts to develop an action plan on achieving mutual recognition on cybersecurity labelling schemes for Internet of Things. The White House
• [New] Real Estate and Property Development The property sector is expanding in Australia and around the world, creating a wide range of employment opportunities in the commercial, residential and tourism sectors of the real estate and property management industries. Programs and courses
• [New] The WHO Accord will rely on funding from member countries to implement its strategies and to run a supply network to support its work in health emergencies. uncoverdc.com
• [New] Overreliance on rote learning will hinder the development of higher-order thinking skills, leaving many students of today severely ill-equipped to tackle the challenges of the workforce of the 2030s, '40s, and '50s. GreekReporter.com
• [New] In Japan a diminishing working-age population and challenging immigration policies will make it all but impossible to replace skilled workers in industries such as steel. BCG Global
• [New] While South Korea is seen as a global cultural powerhouse and is known for strong semiconductor exports, domestically the younger generation is struggling, with cut-throat competition in education, fewer job opportunities and sky-high housing costs. EWN
• [New] Microsoft will invest in training 3 million full-time and part-time workers across Japan over the next three years, giving them the skills they need to build and work with AI technologies. Asia News Center
• [New] From a longer-term perspective, Vietnam's growth potential faces a confluence of structural challenges, including the slow development of a manufacturing ecosystem, a shortage of skilled labour, and rapid population ageing. https://vir.com.vn/
• [New] Where UK employers are looking to employ migrant workers who are being sponsored under the Skilled Worker category for the first time, they will need to ensure that the salaries that they are offering meet the significantly higher minimum salary thresholds for the Skilled Worker category. The Mobile Workforce

Last updated: 15 April 2024