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Within next 15 years, nearly 15% of global workforce may need to switch jobs
DUBAI - By 2030, up to 800 million employees could be displaced by automation and will need to find new jobs, according to a new report.
The study released on Friday by McKinsey Global Institute said that within the next 15 years, nearly 15 percent of the global workforce may need to switch jobs, with 75 million to 375 million workers changing occupation categories.
Millions of workers will have different jobs in the not-so-distant future, but their employment depends on how quickly they can adapt to advances in technology.
This shift in labour demand could be larger than anything that we’ve seen in the United States and Europe since the early 1900s when young workers left farms to go work in big cities, McKinsey outlines in its 160-pages of research.
By 2030, up to 9 per cent of labour demand will be in new types of occupations and analysts predict that there will be enough new job creation to offset automation.
However, it all depends on whether workers have the necessary skills to transition into these new roles.
So what jobs are likely to disappear by 2030?
Physically demanding jobs like fast food workers, or any work that requires processing data, such as accountants, according to the new study.
But there's good news. Other jobs will still be in demand, particularly those revolving around new technology and human interaction.
What jobs are these?
Gardening and plumbing, or jobs that require working in unpredictable environments. Teaching, or jobs that require human interaction, will also continue to be in demand.
One fast-growing job is home healthcare. By 2030, there will be at least 300 million more people over the age of 65 globally, McKinsey predicts.
This opens job opportunities for 130 million workers globally in health care over the same time period. In the US alone, there could be a shortage of at least 350,000 paid care providers by 2040.
Another sector where McKinsey is projecting massive job growth are jobs related to new technology.
Overall, spending on tech is likely to increase by 50 percent in 15 years, which could create 20 to 50 million new jobs in both in-house and outsourced IT consulting.
Meanwhile, investments in renewable energy to combat climate change could lead to 20 million new jobs as well. 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