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] The 40m new health jobs that are likely to open up by then will be mainly in older and wealthier countries such as Japan and Germany.
• [New] Bay Area job growth is expected to average 2.0% in 2018 and just 1.1% in 2019.
• [New] Unmanned Aerial Vehicles or drones will be worth a massive £42 billion to the UK economy and will create hundreds of thousands of new jobs.
• [New] South Korea's economy is expected to grow 2.8 percent with some 198,000 new jobs to be created this year.
• [New] The U.S. manufacturing sector is projected to lose the most jobs of any sector over the next decade.
• [New] The adoption of an agile workforce model will provide a strategic advantage to organizations in the years ahead.
• [New] In South Africa, Operation Phakisa is expected to create one million new jobs by 2030 and add ZAR177 billion [GBP10.2 billion] to the country's GDP.
• [New] The equivalent of 41.2 percent of all job tasks could be performed by machines in the coming decade.
• [New] Even among the state's 20,000 chief executives, computers will be able to perform 25 percent of their work in the coming decades.
• Thirty-five percent of workers in India, 34 percent in Turkey and 18 percent in the U.S. figured aging could include video monitoring devices.
• Estimates show that 11 million youth will enter the labor market in Sub-Saharan Africa each year for the coming decade.
• An aspirant Northern Powerhouse is affordable and achievable: An equivalent investment worth £50 a year per UK person until 2030 will deliver 800,000 new jobs and generate £100bn in additional growth.
• Job growth is expected to continue in South Carolina at a rate of 2.1% annually going into 2018.
• Although New York City continues to forecast solid job and wage growth, securities industry bonuses are expected to decline in 2018 (by 1.1 percent) while capital gains are projected to fall sharply (by one-third).
• PricewaterhouseCoopers predicts the global GDP to grow 14 percent by 2030 as a result of AI.
• Employment in the US auto industry will suffer from Trump's tariffs to a vastly greater degree than it could possibly benefit in the US steel industry.
• Around 15 percent of the global workforce could be displaced by automation in the period 2016-2030.
• Demand for physical and manual skills will decline but will remain the single largest category of workforce skills in 2030 in many countries.
• Over the coming years, ODA financing of health will undergo material change including a decrease in funding via important global public private partnerships to governments with economic growth.
• Up to 30 percent of the global workforce could be displaced by 2030 because of advances in AI, robotics, and digitization.
• Job growth is projected to decelerate to 1.8% in 2018 and slip to 1.2% in 2019.
• Job growth in the Central Coastal region of California is expected to accelerate from 1.7% to 2.0% in 2018, and then decelerate sharply to 1.3% in 2019.
• Job growth is projected to decelerate in 2019 to 1.2% and just 0.3% in 2020 in the Central Valley: The mining, construction, trade, transportation & utilities and manufacturing sectors are forecast to be the primary drivers of slower job growth in 2019.

Last updated: 17 June 2018