16 C
Delhi
Friday, December 4, 2020

85 mn human jobs likely to be displaced by machines by 2025: WEF Report

- Advertisement -

85 mn human jobs likely to be displaced by machines by 2025: WEF ReportDisplacement of around 87 million jobs is expected in the coming years due to shift from human labour to machines, a report by World Economic Forum (WEF) has said.

The ‘Future of Jobs Report 2020’, however, noted that 97 million new roles may emerge that are more adapted to the new division of labour between humans, machines, and algorithms.

“Although the number of jobs destroyed will be surpassed by the number of ‘jobs of tomorrow’ created, in contrast to previous years, job creation is slowing while job destruction accelerates,” it said.

Employers expect that by 2025, increasingly redundant roles will decline from 15.4 per cent of the workforce to 9 per cent, and that emerging professions will grow from 7.8 per cent to 13.5 per cent of the total employee base of company respondents, the report said.

READ ALSO:  Businesses in tier 2 & 3 cities witnessing faster recovery than in tier 1

“Based on these figures, we estimate that by 2025, 85 million jobs may be displaced by a shift in the division of labour between humans and machines, while 97 million new roles may emerge that are more adapted to the new division of labour between humans, machines, and algorithms,” it added.

It observed that automation, in tandem with the COVID-19 recession, is creating a ‘double-disruption’ scenario for workers. In addition to the current disruption from the pandemic-induced lockdowns and economic contraction, technological adoption by companies will transform tasks, jobs and skills by 2025.

READ ALSO:  India does not need more Smart Cities, says Urban Affairs Secy

Around 43 per cent per cent of businesses surveyed indicate that they are set to reduce their workforce due to technology integration, 41 per cent plan to expand their use of contractors for task-specialised work, and 34 per cent plan to expand their workforce due to technology integration.

“By 2025, the time spent on current tasks at work by humans and machines will be equal. A significant share of companies also expect to make changes to locations, their value chains, and the size of their workforce due to factors beyond technology in the next five years,” it said.

–IANS

India Updates
India Updates is an independent news & Information website. Follow us for regular updates on News and Information.

Follow Us On

Related News

Rabi crop sowing to be 2% more than all-time high levels

New Delhi, Dec 3 (IANS) The good performance of the agricultural sector during the Covid-19 pandemic is expected to result Rabi crop sowing (corresponding...

Accepting less than scrapping farm laws will be deceit to farmers: Rahul Gandhi

New Delhi, Dec 3 (IANS) The Congress has stepped up the demand of immediately scrapping the farm laws in the wake of the farmers’ protest...

ED searches 26 locations in 9 states linked to PFI

New Delhi, Dec 3 (IANS) The Enforcement Directorate (ED) on Thursday carried searches at 26 premises in nine states linked to Popular Front of...

Farmers put 5-point set of demands in 4th round talks, seek new MSP law

New Delhi, Dec 3 (IANS): A group of more than 34 farmer leaders put out a five-point set of demands that seeks to frame a...

Time has come to change fate of TN: Rajinikanth

Chennai, Dec 3 (IANS) Time has come to change the fate of Tamil Nadu, while political and government change in the state is important...

Petrol, diesel become dearer after OMCs raise retail prices

New Delhi, Dec 3 (IANS) Oil marketing companies on Thursday increased the prices of petrol and diesel after keeping the retail prices unchanged for...

Trending Topics In India

Covid 19 India Updates

What does the PM stand by: Rahul quizzes govt over Covid vaccination

New Delhi, Dec 3 (IANS) Former Congress Chief Rahul Gandhi took a swipe at the Centre by highlighting the differing stance of the BJP...

What does the PM stand by: Rahul quizzes govt over Covid vaccination

New Delhi, Dec 3 (IANS) Former Congress Chief Rahul Gandhi took a swipe at the Centre by highlighting the differing stance of the BJP...

Amarinder to take first Covid-19 vaccine shot in Punjab

Chandigarh, Dec 2 (IANS) With the Covid-19 vaccine in the final stages of operationalisation in India, Chief Minister Amarinder Singh on Wednesday said he...

May vaccinate those infected with Covid or having its antibodies: Govt

New Delhi, Dec 1 (IANS) The Union Health Ministry hinted on Tuesday that the people infected with Covid-19 or those who have recovered and...

Centre: homeopathic drugs permitted as add-on treatment in Covid; SC says will clarify

New Delhi, Dec 1 (IANS) The Centre on Tuesday informed the Supreme Court that Ministry of Ayush has permitted the homeopathic medical practitioners to...

Vaccine will not be released for mass use unless proven immunogenic: Serum Institute

Chennai, Dec 1 (IANS) Vaccine development company Serum Institute, India on Tuesday said the Covidshield vaccine will not be released for mass use unless...

Trending News In India

Govt should not indulge in divisive agenda, says Samyukt Kisan Morcha

New Delhi, Dec 2 (IANS) A “Samyukt Kisan Morcha” of different alliances of farmer organisations from all over India on Wednesday wrote to Agriculture Minister...

Accepting less than scrapping farm laws will be deceit to farmers: Rahul Gandhi

New Delhi, Dec 3 (IANS) The Congress has stepped up the demand of immediately scrapping the farm laws in the wake of the farmers’ protest...

ED searches 26 locations in 9 states linked to PFI

New Delhi, Dec 3 (IANS) The Enforcement Directorate (ED) on Thursday carried searches at 26 premises in nine states linked to Popular Front of...

Farmers put 5-point set of demands in 4th round talks, seek new MSP law

New Delhi, Dec 3 (IANS): A group of more than 34 farmer leaders put out a five-point set of demands that seeks to frame a...

Time has come to change fate of TN: Rajinikanth

Chennai, Dec 3 (IANS) Time has come to change the fate of Tamil Nadu, while political and government change in the state is important...

Petrol, diesel become dearer after OMCs raise retail prices

New Delhi, Dec 3 (IANS) Oil marketing companies on Thursday increased the prices of petrol and diesel after keeping the retail prices unchanged for...

Trending Showbiz

John Abraham is PETA India’s Person of the Year

Mumbai, Dec 2 (IANS) Bollywood actor John Abraham has been named the Person of the Year for 2020 by the People for the Ethical...

Yogi promises world class film city, opens doors for investment

Mumbai/Lucknow, Dec 2 (IANS) Uttar Pradesh Chief Minister Yogi Adityanath said on Wednesday that the proposed film city in Noida would offer ‘world class’ facilities to the entertainment...

Lionsgate Play arrives in India to take on Netflix, Amazon Prime

New Delhi, Dec 2 (IANS) Starz, one of the leading premium global streaming platforms, on Wednesday launched its independent direct to consumer over-the-top (OTT) app...

Hansal Mehta decodes why sports-based films do well

New Delhi, Nov 30 (IANS) Filmmaker Hansal Mehta, who is currently riding high on the success of his new sports drama Chhalaang, has revealed...

Babuji left me his life and works, says Amitabh Bachchan

Mumbai, Nov 30 (IANS): Iconic actor Amitabh Bachchan says his life and work is nothing compared to the legacy of his father and late eminent...

Trending Sports

Indian team can now compete against ‘high-profile opponents’: Ashalata

New Delhi, Dec 2 (IANS): India captain Ashalata Devi feels women's football in the country has come a long way forward where they can compete...

India 6th on Super League table, Australia climb to top

Canberra, Dec 2 (IANS) Australia jumped to the top of the ICC Men’s Cricket World Cup Super League points table after their 2-1 win...

Pandya, Jadeja power India to 13-run win, avoid whitewash

Canberra, Dec 2 (IANS) India, riding on a 150-run partnership between Hardik Pandya and Ravindra Jadeja for the sixth wicket and a three-wicket haul...

Michael Schumacher’s son Mick to race F1 for Haas in 2021

New Delhi, Dec 2 (IANS) The Schumacher name will make a racing return to Formula One next year as Mick Schumacher -- son of...

Bowlers found difficult to adapt from T20 to 50-over format: Iyer

Canberra, Dec 1 (IANS) Middle-order batsman Shreyas Iyer has admitted that the Indian bowlers have struggled to adapt to the 50-over format from the...

India look to avoid first ‘whitewash’ vs Aussies in 20 years

New Delhi, Dec 1 (IANS) Indian bowlers will have pride to play for and also gain some confidence ahead of the T20 and Test...

Latest Trending News In India

Rabi crop sowing to be 2% more than all-time high levels

New Delhi, Dec 3 (IANS) The good performance of the agricultural sector during the Covid-19 pandemic is expected to result Rabi crop sowing (corresponding...

Accepting less than scrapping farm laws will be deceit to farmers: Rahul Gandhi

New Delhi, Dec 3 (IANS) The Congress has stepped up the demand of immediately scrapping the farm laws in the wake of the farmers’ protest...

ED searches 26 locations in 9 states linked to PFI

New Delhi, Dec 3 (IANS) The Enforcement Directorate (ED) on Thursday carried searches at 26 premises in nine states linked to Popular Front of...

Farmers put 5-point set of demands in 4th round talks, seek new MSP law

New Delhi, Dec 3 (IANS): A group of more than 34 farmer leaders put out a five-point set of demands that seeks to frame a...

Time has come to change fate of TN: Rajinikanth

Chennai, Dec 3 (IANS) Time has come to change the fate of Tamil Nadu, while political and government change in the state is important...