WeF: 92 Million Jobs to Vanish by 2030

A new report published by the World Economic Forum (WEF) predicts significant changes in the global labor market by 2030. The report, titled Future of Jobs 2025, highlights that while 170 million new jobs will be created in the coming years, 92 million existing positions are expected to disappear, resulting in a net growth of 78 million jobs.

The report identifies technological progress, demographic shifts, geo-economic instability, and economic pressures as the main factors influencing the labor market. These trends are reshaping industries and creating new skill requirements. Currently, 63% of employers cite skill shortages as a key barrier to business growth, and by 2030, around 40% of popular competencies are predicted to change.

With the rise of digital transformation, there is a growing demand for professionals in artificial intelligence, big data, and cybersecurity. However, qualities such as flexibility, creativity, and stress resilience will continue to be crucial. The report emphasizes that employees’ competitiveness will depend on a combination of technical expertise and adaptable skills.

Economic instability is also a factor affecting the market dynamics. WEF reports that half of the employers anticipate changes in business models due to rising living costs. Despite inflation slowdowns, persistent economic factors will play a significant role in shaping future employment trends.

Demographic changes further impact workforce demand. In developed nations, an aging population is driving the need for healthcare workers, while regions with a growing working-age population are seeking education specialists.

Geopolitical tensions are highlighted as a key factor influencing employment trends. About 34% of companies view geopolitical risks as a primary concern, affecting trade barriers and production strategies. Some businesses are considering relocating production to other countries, which could alter the labor demand landscape.

As artificial intelligence advances, around 50% of employers plan to reconfigure business processes, with 77% intending to invest in staff training. However, automation is expected to lead to job reductions, with 41% of companies anticipating downsizing in certain areas.

The report identifies several professions expected to see rapid growth, including agricultural workers, delivery drivers, construction workers, healthcare professionals, and educators. There will also be continuous demand for experts in AI, robotics, energy, and financial technologies.

Conversely, certain professions are projected to lose relevance. With the advent of generative AI, the need for graphic designers is diminishing, while traditional roles such as cashiers, bank employees, and data entry operators are experiencing contraction.

/Reports, release notes, official announcements.