Overview

• The World Economic Forum’s Future of Jobs Report projects technology will handle 34% of workplace tasks by 2030, up from 22% today.
• Despite the displacement of 92 million jobs, 170 million new positions will emerge by 2030, yielding a net gain of 78 million roles and a 7% expansion in the global workforce.
• Zerodha co-founder Nikhil Kamath warned that four-year college degrees are obsolete and urged workers to embrace lifelong learning to stay employable.
• Demand will surge for AI and big data analysis, cybersecurity expertise, creative thinking and environmental stewardship as 39% of today’s core competencies risk obsolescence.
• Employers plan to retrain 77% of staff, hire AI specialists and cut 41% of automatable roles, while in India 95% of firms back diversity, equity and inclusion programs as 38% of skills risk obsolescence.