- Increased job displacement and retraining needs
- Shift in job skill requirements
- Creation of new job opportunities
- Impact on income inequality
Increased job displacement and retraining needs
Job automation is expected to displace a significant number of workers across various industries, leading to the need for retraining programs to equip them with new skills for emerging roles.
Shift in job skill requirements
As automation continues to advance, the demand for technical and digital skills is likely to rise, while routine and manual tasks become automated. Workers will need to adapt and acquire new skills to remain competitive in the job market.
Creation of new job opportunities
While some jobs may be replaced by automation, new roles are also expected to emerge in areas such as data analysis, artificial intelligence, and robotics. This shift will require workers to be flexible and open to learning new skills.
Impact on income inequality
Job automation may exacerbate income inequality as low-skilled workers face displacement, while high-skilled workers benefit from the creation of new, higher-paying roles. Efforts to address this disparity will be crucial in shaping the future workforce landscape.