WEF Report: Machines to Handle More Than Half of Workplace Tasks by 2025
GENEVA—More than half of all workplace tasks will be carried out by machines by 2025, organizers of the Davos World Economic Forum said in a report released last week that highlights the speed with which the labor market will change in coming years. The Forum estimates that machines will be responsible for 52 percent of the division of labor as share of hours within seven years, up from just 29 percent today.
By 2022, the report says, roughly 75 million jobs worldwide will be lost, but that could be more than offset by the creation of 133 million new jobs. A major challenge, however, will be training and re-training employees for that new world of work.