There is a lot of buzz about the negative impact of the automation and AI on job prospects. Though the data is staggering, the new studies (world economic forum ) suggest, that AI might replace around 85 million jobs but create about 97 million new positions globally, resulting in a net gain of approximately 12 million jobs. a report by investment bank Goldman Sachs says that By 2030, automation, Briggs and Kodnani write could expose up to 300 million full-time jobs. It but it may also contribute to creating between 20 million to 50 million new roles. So, all is not gloomy when it comes to slashes in job due to AI.
Upskilling and Reskilling
According to the IBM Institute for Business Value executives estimate about 40% of their workforce needs to reskill over the next 3 years. While, McKinsey Global Institute projects that 375 million jobs (14% of the global workforce) will require reskilling by 2030 due to digitization, robotics, and AI advancements . Thats’ a lot.