More than half of working adults around the globe fear losing their job in the next 12 months. This concern is predominant in Russia (75%), Spain (73%) and Malaysia (71%), according to a survey of 27 countries conducted by the World Economic Forum.
As businesses rethought how to safely stay open during the coronavirus pandemic, many turned to technology and artificial intelligence to stay afloat. One-third of all jobs could be automatable by mid-2030, with women disproportionately at risk of losing their jobs from the transition. That being said, WEF found that job creation will outweigh the jobs lost by machinery. Sixty-seven percent of working adults also believe that their employers will help them retrain during these changes.
The pandemic has forced businesses to steer away from the “human versus machine” framework and to focus more on business resiliency and protection against present and future disruptions. Therefore, WEF said that “financing and implementing a ‘reskilling revolution’ is a critical investment for business, workers and economies alike.”