We’ve read the latest McKinsey Report entitled “Jobs Lost, Jobs Gained: Workforce Transitions in a Time of Automation“. Here are 10 figures to remember:

  • 50% of current work activities are technically automatable by adapting currently demonstrated technologies.
  • 6 out of 10 current occupations are comprised of activities of which at least 30% are technically automatable.
  • By 2030, at the earliest, 800 million workers will have their work potentially displaced by the adoption of automation.
  • Less than 5% of occupations consist of activities that can be fully automated.
  • By 2030, the employment growth for technology professionals (computer engineers, computer specialists etc) will skyrocket¬†by 129% in India and 34% in the United States. Other rising professions¬†include education,¬†construction (architects, construction workers etc) and care provision (doctors, social workers etc).
  • By 2030, the employment rate of workers in the¬†creative industry¬†(artists, designers, media workers) will decline in Japan by 4%.
  • Global consumption¬†may grow by $23 trillion between 2015 and 2030. Most of this will come from the consuming classes in emerging economies.¬†250 to 280 million new jobs could be created from the impact of rising incomes on consumer goods alone.
  • By 2030, there will be at least 300 million more people aged 65 years and older than there were in 2014. Healthcare and¬†other¬†jobs related to¬†geriatrics could hence grow by 50 to 85 million by 2030.
  • 75 to 375 million people may need to switch occupational categories and learn new skills.
  • If history is any¬†indicator (the report shows the evolution of the American workforce by category between 1850 and 2015), we can also expect that 8 to 9 percent of 2030 labor demand will be in new types of occupations that have not existed before.

To read the full report, visit www.mckinsey.com