Recession and automation reshapes future of work, but jobs coming - WEF

Research by the World Economic Forum (WEF) has found that COVID-19 has caused the labour market to change faster than expected, and that by 2025, automation and a new division of labour between humans and machines will disrupt 85 million jobs globally spanning 15 industry sectors and 26 economies. The Future of Jobs 2020 report also found that roles in areas such as data entry, accounting and administrative support are decreasing in demand as automation and digitization in the workplace increases. "More than 80% of business executives are accelerating plans to digitize work processes and deploy new technologies; and 50% of employers are expecting to accelerate the automation of some roles in their companies." "COVID-19 has accelerated the arrival of the future of work," said Saadia Zahidi, Manging Director at the WEF. "It's a double disruption scenario that presents another hurdle for workers in this difficult time. The window of opportunity for proactive management of this change is closing fast. Businesses, governments and workers must plan to urgently work together to implement a new vision for the global workforce."