Money and business

The World Economic Forum reveals the fastest growing jobs by 2030

The World Economic Forum said, in a report on the future of jobs in the world 2025, which it issued in Geneva, before its annual session that brings together the most important economic and financial leaders in the world in Davos on January 20, that 78 million new job opportunities will be available by 2030, through… Raising the level of skills to prepare the workforce.

He added that changing global trends in technology, economics, demographics and the green transition are expected to generate 170 million new jobs by 2030, while displacing another 92 million jobs.

Fastest growing jobs

The report noted that some of the fastest-growing jobs are in technology, data and artificial intelligence, but core economic roles are also expected to grow, including delivery drivers, care roles, teachers and farm workers.

He pointed out that the fastest growing skills by 2030 will include technological skills in addition to knowledge and cooperation, stressing the need for collective action in the public, private and educational sectors to address the growing skills gaps.

The report revealed that job disruption will equal 22% of jobs by 2030, with the creation of 170 million new jobs and 92 million replacement jobs, leading to a net increase of 78 million jobs, noting that technological progress, demographic shifts, geoeconomic tensions, and economic pressures are the main drivers. These changes will reshape industries and professions around the world.

The report, based on data from more than 1,000 companies, showed that the skills gap remains the most important barrier to business transformation today, with nearly 40% of the skills required on the job changing and 63% of employers already citing it as the main barrier they face. .

Technological skills

He expected that technological skills in artificial intelligence, big data, and cybersecurity would witness rapid growth in demand, stressing that human skills such as creative thinking and flexibility will remain extremely important.

The report said that front-line roles and core sectors such as care and education are expected to see the highest job growth by 2030, while developments in artificial intelligence and renewable energy are reshaping the market, leading to increased demand for many technological or specialized roles. While it leads to a decline for others, such as graphic designers.

On the labor market front, the report said that jobs including farm workers, delivery drivers and construction workers are expected to see the largest job growth in absolute terms by 2030, and significant increases are also expected in care jobs such as nursing professionals and education roles such as teachers. Secondary schools with demographic trends driving growth in demand across core sectors.

Renewable energy and environmental engineering

The report stated that at the same time, progress in artificial intelligence, robotics and energy systems, especially in the field of renewable energy and environmental engineering, is expected to increase the demand for specialized roles in these fields.

The Global Forum report noted that roles “jobs based on such skills” such as cashiers and administrative assistants will be among the fastest declining as graphic designers join them; Generative AI is rapidly reshaping the labor market.

The report said that artificial intelligence is reshaping business models. Half of employers globally plan to redirect their businesses to target new opportunities resulting from technology, and it is expected that the most common response of the workforce to these changes will be to raise the skills of workers, as 77% of employers plan to do this, while 41% plan to reduce their workforce with… Artificial intelligence performs certain tasks.

The labor market has changed

The report noted that the high cost of living is another major factor driving change in the labor market. Half of employers expect this to transform business models and said that while global inflation has declined, price pressures and slower economic growth are expected to displace 6 million jobs globally by 2030.

The report stated that these challenges lead to increased demand for agility, flexibility, and creative thinking skills, noting that geopolitical tensions constitute a major concern for 34% of companies, while trade restrictions and industrial policy shifts are transforming many other companies, as some plan to… Companies are adapting through offshoring and reshoring strategies, and he said these pressures are increasing demand for skills such as cybersecurity.

The report, the fifth of its kind issued by the World Economic Forum, stressed that addressing radical changes requires urgent and collective action across governments, companies and education, and said that the main priority areas include closing skills gaps and investing in retraining initiatives and upgrading fast-growing skills that are witnessing rapid growth in the world. Demand by prioritizing equitable and inclusive workforce transitions and strategies, and supporting workers through these transitions.

The report emphasized that stakeholders can build a global workforce that is flexible, adaptable and prepared to succeed in the jobs of tomorrow.

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