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85 Million Jobs Will Become Redundant By 2025 Due To Automation and COVID-19 Recession

The COVID-19 pandemic has become the catalyst for the fast growth of automation and digitalisation in the workforce

A survey conducted by the World Economic Forum (WEF) has found that 85 million jobs will become redundant within the next five years due to the rapid growth in automation triggered by the COVID-19 pandemic

The survey — titled The Future of Jobs Report 2020 — studied 15 industry sectors across 26 advanced and emerging countries.

The research aimed to shed light on how pandemic-related disruptions have accelerated the arrival of the future of work.

“Automation, in tandem with the COVID-19 recession, is creating a ‘double disruption’ scenario for workers,” WEF wrote.

“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.”

50% of employers reported that they will accelerate automation in their businesses, while over 80% are set to expand the digitisation of their work processes.

This will cause some jobs that have been lost within this period to never come back, and those that do will require new ways of working and new skills. Read more via Says

Pemo Theodore

Pemo is a Media Publisher & Event Producer. She is CoFounder/CEO Silicon Valley TV She is the Executive Producer of FinTech Silicon Valley & organizes Bay Area FinTech meetup: Silicon Valley FinTech meetup & Blockchain Music meetup with almost 3k members. She has produced Silicon Valley Events for Investors & Startups 7 years. She video interviews venture capitalists & angel investors & FinTech experts. She partners with videographers to cover San Francisco Bay area startup conferences & meetups with livestreaming, video & foto packages Silicon Valley TV She is based in Silicon Valley & has been involved in online business for 14 years. She has been in small business for 46 years in Ireland, London, Canada & Australia. She also published a free ebook (the findings of 1 year research from VCs, angels & women founders) “Why are Women Funded Less than Men? a crowdsourced conversation” She was TheNextWomen‘s most prolific contributor of 2011. Silicon Valley TV has been noted as a platform for supporting high growth women led companies in Huffington Post

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