14 Million Jobs in Danger Due to AI: WEF Report:
The report predicts that the combination of AI and economic and social conditions may lead to the loss of 83 million jobs by 2027, with only 69 million new jobs expected to be create in the same period, resulting in a net loss of 14 million jobs or 2% of current employment.
The report also notes that employers’ expectations have changed since 2020, with a decrease in the percentage of jobs they think will automate by 2027 compared to their previous estimates for 2025. However, the report also suggests that technology and digital access will create new job opportunities, although these gains will be offset by job losses.
The report highlights the potential for robots to replace humans in some roles, leading to a potential decline of 26 million administrative and record-keeping jobs by 2027. The report identifies slower economic growth, supply shortages, and inflation as the most significant risks to jobs.