Machines will do more tasks than humans by 2025 - WEF

Donna Miller
September 20, 2018

While a net positive job growth is expected, there will be a significant shift in the "quality, location, format and permanency of new roles", WEF said.

More than half of all workplace tasks will be carried out by machines by 2025, organizers of the Davos economic forum said in a report released yesterday that highlights the speed with which the labor market will change in coming years.

The number of full-time jobs will decrease as more companies choose to use freelancers or professional contractors.

The report also predicts that advances in machine learning and digital automation will eliminate 75 million jobs by 2025. According to a new research by the World Economic Forum (WEF), adoption of automation and robotics will bring a "seismic shift" in the way humans work alongside machines and algorithms.

The report forecasts that, by 2020, machines will perform 42% of all current tasks in the workplace. In 2018, humans performed an average of 71% of total task hours across the 12 industries spanning manufacturing, services and high tech.

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Respondents predicted a decline of 984,000 jobs and a gain of 1.74 million jobs between now and 2022. Still, the conventional wisdom among many business executives is that AI will also create new jobs. A McKinsey report in December produced one of the rosier assessments, forecasting jobs lost and created by new technology might be about equal by 2030.

However, many roles will become "increasingly redundant" including repetitive and manual roles in administrative, factory and financial work, the WEF says.

George Charles, spokesman for money-saving website www.VoucherCodesPro.co.uk, commented: "There's always been the fear with technology, specifically robots, that jobs will be taken over and people will be left without work". The end result will give employees more time to do what makes them uniquely human - complex problem solving, critical thinking, and creativity'. It warned there's a significant gap between the skills workers now have and those that may be required for future new roles.

Technology is disrupting everything, including the way we work.

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