“Without urgent and targeted action today, to manage... - Deepstash
<p><i>“Without urgent and targ...

“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.

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MORE IDEAS FROM The jobs of the future – and two skills you need to get them

The Future Work Market

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.

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New Skills For New Economies

Successfully combining mathematical and interpersonal skills will be the gateway to many rewarding opportunities.

Along with mathematical ability, soft skills, like empathy and cooperation, will be crucial as people move between different roles and projects. On the other hand, opportunities for single-skillset jobs will decline.

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Soft Skills

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 indicated that soft skills – such as teamwork, knowledge of digital tools, an understanding of rules and regulations, responsibility and commitment – are the most relevant for the future.

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Worker Skills In The Future

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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The model of future work

By 2030, up to 30 to 40 percent of all workers in developed countries may need to move into new occupations or upgrade their skill sets. Skilled workers in short supply will become even scarcer. Any company that doesn't join the early adopters and doesn't address its underlying talent needs may fall short of reaching its goals.

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