- Increased job displacement
- Shift in required skill sets
- Creation of new job opportunities
Increased job displacement
Job automation is expected to displace a significant number of workers in various industries by 2024. Routine and repetitive tasks are most susceptible to automation, leading to potential job loss for those in manufacturing, transportation, and administrative roles.
Shift in required skill sets
As automation continues to replace certain job functions, the workforce will need to adapt and acquire new skills to remain competitive. There will be a growing demand for workers with expertise in technology, data analysis, and problem-solving, as well as those with strong interpersonal and communication skills.
Creation of new job opportunities
While some jobs may be eliminated due to automation, new job opportunities are also expected to emerge. Industries such as artificial intelligence, cybersecurity, and renewable energy are likely to see growth, creating demand for workers with specialized knowledge and expertise in these areas. Additionally, roles that require a human touch, such as healthcare and customer service, are less likely to be fully automated, leading to continued job opportunities in these fields.