At a time in history, marked by stupendous advances in technology, a number of jobs and subsequent lifestyle is set to be altered by the year 2030. As per research done by management consulting giant McKinsey, about half of the present jobs can be automated. This is especially true for jobs on the junior levels. Around three-hundred and seventy-five million people will need to adopt newer patterns and make shifts in their occupational category. In about three-fifths of presently known occupations, a third of the tasks are expected to get automated. Certain jobs are fewest in fear of being disrupted by automation. This includes healthcare providers, IT specialists, educators especially in growing markets, builders, creative artists, manual labourers in unpredictable environments and professionals such as scientists, engineers, analysts and accountants. Ageing populations in developed countries will also give rise to occupational changes. Agriculture, manufacturing and mining are expected to suffer in terms of number of people they will now be able to employ. While a country like India could grow taking advantage of its demographic dividend, others like Japan could see it shrink. Fellow developing countries like China and Mexico will see greater automation than India due to higher average wage rates existing. Developed nations like USA and Germany though could see significant worker displacement.

Source:https://www.mckinsey.com/global-themes/future-of-organizations-and-work/what-the-future-of-work-will-mean-for-jobs-skills-and-wages

Uploaded Date:08 February 2018