How Automation will affect jobs, skills, and wages?
As the nature of work changes with automation, millions of people may need to switch jobs and acquire new skills. It is predicted, automation will displace many jobs over the next 10 to 15 years, but many others will be created and even more, will change. In the future, jobs will require different skills and may even have higher education or skills requirements. In this article, we will discuss that, how we can retrain workers for the upcoming change and what the shifts might mean for occupations & wages. Jobs lost or jobs gained? Workforce transitions in a time of automation. One of the major findings of a report is that between 70 million and 380 million people around the world may need to change their chosen job categories and acquire new skills to survive in the industry, by the year 2030. Will there be enough jobs in the future? We looked at six different factors that could significantly increase the demand for human labor even for those activities that might be auto...