The news: There will be 78 million new job opportunities globally by 2030, but urgent upskilling is needed to prepare workforces, according to a new report by the World Economic Forum.
The numbers: The annual Future of Jobs Report, published by the non-government organisation today, says that shifting global trends in technology, economy, demographics and the green energy transition are projected to generate 170 million new jobs by 2030, while displacing 92 million others.
Drawing on data from over 1,000 companies, the report finds that the skills gap continues to be the most significant barrier to business transformation today, with nearly 40% of skills required on the job are set to change and 63% of employers already citing it as the key barrier they face.
The context: The report notes that technological advancements, demographic shifts, geoeconomic tensions and economic pressures are the key drivers of future employment changes, reshaping industries and professions worldwide.
Technology skills in AI, big data and cybersecurity are expected to see rapid growth in demand, it said, but human skills, such as creative thinking, resilience, flexibility and agility, will remain critical.
Frontline roles and essential sectors like care and education are set for the highest job growth by 2030, while advances in AI and renewable energy are reshaping the market — driving an increase in demand for many technology or specialist roles while driving a decline for others, such as graphic designers.
What they said: “Trends such as generative AI and rapid technological shifts are upending industries and labour markets, creating both unprecedented opportunities and profound risks,” said Till Leopold, head of work, wages and job creation at the World Economic Forum.
“The time is now for businesses and governments to work together, invest in skills and build an equitable and resilient global workforce.”
