WEF urges reskilling, as job losses are set to outpace growth in the short term

WEF urges reskilling, as job losses are set to outpace growth in the short term

The World Economic Forum’s latest ‘Future of Jobs’ report states that 23% of all jobs globally will change by 2027, through growth of 10.2% and a decline of 12.3%, in the next five years.

According to the WEF’s survey of 803 companies, employers anticipate 69-million new jobs to be created and 83-million jobs to be eliminated – among the 673-million jobs corresponding to the dataset – and therefore the labour sector will see a net decrease of 14-million jobs, or 2% of current employment.

The ‘Future of Jobs 2023’ report suggests that the green transition and localisation of supply chains will […]

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