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As the Fourth Industrial Revolution automates most tasks and expands new fields of knowledge, the skills required in the work market will change.
Creativity and emotional intelligence will become some of the top skills workers will need. With the avalanche of new products, new technologies and new ways of working, workers will need to become more creative in order to benefit from these changes.
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“Without urgent and targeted action today, to manage the near-term transition and build a workforce with future-proof skills, governments will have to cope with ever-growing unemployment and ine...
“Without urgent and targeted action today, to manage the near-term transition and build a workforce with future-proof skills, governments will have to cope with ever-growing unemployment and inequality, and businesses with a shrinking consumer base.”
Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.
Automation will do away with most existing jobs but it will also create new ones. Retraining in a massive scale will be necessary.
In particular, manual laborers are at risk of unemployment in the absence of retraining, as the new jobs will be in more specialized areas. Governments and employers in every sector are being urged to retrain and re-skill workers to avoid a crisis.
Esteban Bullrich, Argentinian Minister of Education, believes the future work market will be much more dynamic than today’s.
A country-wide survey of almost 900 companies indicat...
Belinda Parmar, Chief Executive Officer of The Empathy Business, believes companies will seek leaders who are able to help them rebuild the empathy we’ve lost with technical, linguistic and mathematical skills, and can understand the information that will continue to emerge. This will require a new kind of “data literacy”, which will be in short supply, and therefore one of the most important skills of tomorrow.
Vikas Pota, Chief Executive of Varkey Foundation, believes the jobs that won’t be automated will be those that require abilities like empathy (persuading and working well with others), a positive attitude (relearning and restudying) and resilience. These “soft” skills are hard to teach, thus there will be demand great teachers.
Also, automation will cause the skills needed by the economy to change which makes it impossible to predict which “hard skills” will be necessary.
When we're talking about robots taking people's jobs, we're speaking of automation.
Mechanical automation, like car assembly lines, has been around for a while.
Low-skill jobs, where 70% of the responsibilities are predictable physical and cognitive tasks, are straightforward to automate, especially as automation technology becomes cheaper than paying a human to do the same job.
Complex tasks that require creativity and other forms of higher-order thinking are very difficult to automate. The reason is that you need cognitive technology like AI (artificial intelligence) and automation together. At this point, AI is still limited.