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