Posted May 11, 2020 08:31:38Many professions will become more important as economies adapt to the new realities of automation, with the economy growing faster than ever, a new study shows.
The new jobs report by the Oxford Economics Institute showed that by 2020, almost 1.7 million jobs will be created by the end of the century.
By 2025, more than 6 million jobs are projected to be created, or about 25% of the world’s workforce.
The report predicts that the number of jobs that are at risk of automation will grow by 4% to 6%.
The biggest threat, the report says, is the construction, production and sales of new products, such as new types of machinery and new materials.
It predicts that by 2025, 2.8 million jobs in the manufacturing sector will be automated.
The world is on track to become the most skilled job market in human history, according to Oxford Economics’ study.
It predicts that as many as 70% of jobs will need to be automated by 2025.
“The fastest-growth job sector in human experience will be in services,” says John McInerney, an associate professor of business, public policy and economics at Oxford.
“It will be the one that’s least affected by the technologies of automation.”
The jobs forecast comes as the government has announced it will be pushing for more government support for the construction industry to help companies compete.
“We’re very bullish on the construction sector,” says McInverney.
“We’re already seeing that there’s a huge demand for the skills and the skills of construction, so I think there’s an appetite for more support from government and the industry to create more jobs for the country.”
McInersey says the construction jobs are still growing but they will grow faster than any other job sector.
“That’s because of the nature of the construction trades.
They tend to be the hardest-working jobs in construction.
They’re the ones that tend to employ a lot of people,” he says.
“If you look at the overall number of construction jobs, that’s not because they’re the easiest jobs.
That’s because it’s the hardest work of all.”
McNeely says the report shows that there are huge opportunities for the next generation of professions.
“The future is going to be a lot more diverse,” he said.
“You’re going to have many new occupations that are being created.
We’re going do things with robots that we never have before.”
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