Work

WHAT'S NEXT?: AI will replace 16% of jobs over the next decade. A billion people will enter the job market over the next ten years.

[New] UKspace has published a new report called the Stratospheric Green Growth Report which sets out how the space sector holds the key to 15,000 green jobs being created in the UK by 2030.
[New] The offshore wind industry will invest between $ 28-$ 57 billion in the U.S. economy and support 45,000-83,000 jobs by 2030, depending on installation levels and supply chain growth.
[New] As Trump has increasingly talked about reopening businesses and putting Americans back to work, the World Health Organization warned earlier Tuesday that the U.S. could become a new hub of the coronavirus outbreak.
[New] An enhanced digital job market has the potential to create 1.3m additional jobs in the GCC [Gulf Cooperation Council] by 2025, including 700,000 in Saudi Arabia alone.
[New] Germany's center-left coalition agreed to increase public investments by 12.4 billion euros by 2024 and to make it easier for companies to claim subsidies to support workers on reduced working hours to counter the effects of the coronavirus epidemic.
[New] The World Health Organization estimates overall demand for healthcare workers to rise to 18.2 million across Europe by 2030 and, as an example, states that the current supply of 8.6 million nurses, midwives, and healthcare assistants across Europe will not meet current or projected future need.
[New] The battery industry currently represents over 30,000 jobs in Europe, and the expected growth in demand will ensure jobs and important opportunities in the coming years.
[New] Workers around the world could lose $3.4 trillion in income by the end of this year.
[New] The travel industry will be hit harder than any other sector, resulting in the loss of 4.6 million travel-related American jobs this year.
[New] By 2021, artificial intelligence augmentation will create US $ 2.9 trillion of business value and 6.2 billion hours of worker productivity globally.
[New] 3.1 million jobs in the UK are linked to our trade with Europe and that a further 790,000 could be created by 2030 through opening up European markets in tourism.
As coronavirus spreads and workers around the world are at risk of losing their jobs, reverse taxation is a good option.
In the high scenario, the U.S. offshore wind industry is estimated to support nearly 45,000 jobs by 2025 and 83,000 jobs by 2030.
Jobs, economic output, and economic value add resulting from the development and operation of offshore wind projects on the East Coast of the U.S. through 2030.
Given the slow growth in the US labor force (the Labor Department projects growth of only 0.5% though 2028) and few reasons to expect a new burst of productivity, it is hard to see how the economy can grow by nearly 3% year-after-year with no interruption - for a decade.
Decreased travel due to coronavirus will inflict an $809 billion total hit on the U.S. economy and eliminate 4.6 million travel-related American jobs this year.
HS2 will create 850,000 jobs, boost the economy by £97 billion, relieve pressure on the UK's creaking rail network and improve productivity by enhancing the north's connectivity with the rest of the UK.
Millennials are forecast to account for 75% of the global workforce by 2025 and today's 12 and 13-year-olds will be entering employment by the end of the decade.
Two thirds of UK business leaders expect developments in technology to lead to an increase in the number of permanent jobs created this year.
Gartner estimates that by 2024, remote work and changing workforce demographics will impact enterprise meetings so that only 25% will take place in person, down from 60% today.
Most Chinese workers outside Wuhan will return to work by the end of March and that China's economic growth in the first quarter of 2020 will decrease by 36%.
61% of U.S. respondents cite lack of qualified talent as a reason why 4 million cybersecurity jobs will be left unfulfilled by 2021, while only 33% of UK women cite lack of qualified talent as a barrier.

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Last updated: 29 March 2020