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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] The global recognition of the need to shift to renewable energy has come with the additional recognition of the large number of new industries and jobs that will be created. The Mail & Guardian
  • [New] Inflation fuelled by extra Budget spending could help create an exodus of Waikato workers to Australia and push up business costs generally, acting as a brake on regional development. Stuff
  • [New] The transition towards net-zero emissions will lead to an overall increase in energy sector jobs: while about 5 million jobs in fossil fuel production could be lost by 2030, an estimated 14 million new jobs would be created in clean energy, resulting in a net gain of 9 million jobs. United Nations
  • [New] International students will not be given the flexibility to complete the failed course or dissertation and simultaneously, apply for the UK post-study work visa once their student visa expires. Study International Staff
  • [New] A UK post-study work visa could open up a plethora of opportunities for international students to carve themselves a bright future. Study International Staff
  • [New] The lack of highly skilled labor combined with high inflation and an increasingly demanding workforce in terms of better working conditions, flexible hours and perks is expected to bring in higher pay for oil and gas workers between 2022 and 2027. Hart Energy
  • [New] Goldman Sachs Research has started to see investment intentions pick up in survey data and the potential to bring back supply locally or make supply chains more resilient may also increase employment opportunities in the UK. Goldman Sachs
  • [New] The Travel & Tourism sector in the UK is expected to create nearly 700,000 new jobs over the next decade. Hotel News Resource
  • [New] The mining industry is part of British Columbia's economic and social foundation, and will continue to be a vital contributor as the world combats climate change and works to achieve the emissions reductions targets of the Paris Agreement. Eventbrite
  • [New] Given the significant shortage of labor, addressing people's challenges with both physical and mental health could help many more unemployed Americans get back into the workforce, shift from part-time to full-time work, and engage more effectively in the workplace. McKinsey & Company
  • [New] In both rural areas and cities, and across almost every demographic, income level, and age group, more respondents than last year believe America is doing a poor job of providing opportunities for all people. McKinsey & Company
  • [New] Central banks around the world are beginning to raise interest rates to help tame rapid inflation, moves that will temper economic growth by raising borrowing costs and could lead to higher unemployment. The New York Times
  • [New] The low unemployment rate will increase taxes and lower dole payments, but Australia still faces more than $1 trillion in debt, a rising debt interest bill, and at least 14 years of deficits. Australian Financial Review
  • [New] The $280 million Recycling Modernisation Fund investment, together with other measures to support Australia's National Waste Policy Action Plan, will create approximately 10,000 new jobs all around Australia over the next ten years. Inside Waste
  • [New] Apart from the import prohibitions and sanctions related to forced labor, some manufacturers are leaving China due to the reputational risk of being accused of indirect association with forced labor. JD Supra
  • [New] There are few short-term fixes for inflation - an issue that it initially hoped would be temporary - amid supply chain kinks, high labor costs, Russia's invasion of Ukraine and China's COVID-19 lockdowns. Reuters
  • [New] Hiring North Korean IT workers could have reputational and legal consequences, including sanctions under both US and United Nations authorities. Infosecurity Magazine
  • [New] The Fed has started to slow economic growth with rate hikes, but if spending cools too quickly, companies could halt their hiring plans or even lay off workers. Insider
  • [New] UK government plans to create new data protection laws will make more work and add costs for business, while also creating the possibility of challenges to data sharing between the EU and UK. The Register
  • [New] If MOXIE works the way that scientists hope it will, future astronauts will not only make their own oxygen; they could use it as a component in the rocket fuel they will need to fly back to Earth. The Conversation
  • [New] While most employers with self-funded plans are not limited by state coverage restrictions, employers offering their workers fully-insured plans will not be able to cover abortions if they are located in one of the 11 states (including Texas) that ban it in fully-insured employer plans. KFF
  • [New] China will face a talent demand gap of nearly 30 million workers by 2025 in 10 key areas of China's manufacturing industry, or a 48% shortage of skilled workers to meet demand. CSIS
  • The numbers: The U.S. added a solid 428,000 new jobs in April, but an acute labor shortage showed little improvement last month and threatens to add to the highest inflation in 40 years. MarketWatch

Last updated: 22 May 2022