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New technologies and the escalating climate crisis are changing the work landscape at an “unprecedented pace,” according to a new report from the World Economic Forum.
By 2027, 69 million jobs will be created worldwide – but 83 million jobs are expected to be eliminated, resulting in a net loss of 14 million jobs, the WEF reports.
Their findings are largely based on a survey of 803 companies employing a total of 11.3 million workers in 45 different economies around the world.
The rise of generative AI and other intelligent technologies, along with the drive to go greener, will mean that some jobs will be in high demand over the next five years and others will risk becoming obsolete.
Here are the 10 jobs companies expect to grow the most over the next five years, according to the WEF report:
Demand for AI and machine learning specialists is expected to grow by 40%, creating about a million jobs in the global economy over the next five years, as more companies use AI to automate processes and better predict customer demand, among other things.
At the same time, global efforts to reduce carbon emissions, including stricter environmental regulations and localization of supply chains, are leading to a “greening jobs plethora” across all industries, such as: B. Sustainability specialists and engineers for renewable energy.
Not surprisingly, many of the fastest-growing positions are in the technology sector, as more than three-quarters of companies surveyed by the WEF said they plan to incorporate “big data” analytics, cloud computing, AI and other emerging technologies into their business introduce organizations within the next five years.
Coca-Cola, for example, is using AI to improve customer service and is ordering and experimenting with ChatGPT to “improve marketing capabilities and business operations,” according to the latest earnings report.
Other sectors besides technology, manufacturing and retail that could see significant job growth thanks to new technologies include education, agriculture and health, Saadia Zahidi, executive director of the WEF, told CNBC’s Steve Sedgwick and Geoff Cutmore on Monday at the WEF’s growth summit in Geneva. Switzerland.
“Sometimes that doesn’t happen because there are insecure, low-paying, low-skilled jobs around the world,” she explained. “These are higher-skill, higher-value jobs made possible by technology in agriculture and health [and] Education.”
The WEF’s report echoes previous findings from the Bureau of Labor Statistics, which also identified data and renewable energy jobs as some of the fastest-growing occupations in the US over the next decade.
Information security analyst and data scientist appeared on both lists as two of the fastest growing professions by 2027 and the most in-demand roles over the next decade.
Both jobs, which typically require a bachelor’s degree, come with six-figure salaries: the median salary for information security analysts in the US is $112,000, while the median salary for data scientists is $103,500, according to the BLS.
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