Automation and Employment Impact

What is the impact of automation on employment?

According to the World Economic Forum's prediction in 2018, how many new jobs would workplace automation create by 2022?

Impact of Automation on Employment

The World Economic Forum predicted in 2018 that workplace automation would create 133 million new jobs by 2022 while displacing only 75 million, resulting in a net increase of 58 million jobs.

Automation has had a significant impact on employment by creating more job opportunities in various sectors. While some jobs may be displaced due to technological advancements, the overall net increase in job creation is substantial. The prediction by the World Economic Forum indicates that the adoption of automation technologies can lead to a positive outcome for the workforce in terms of employment.

With the rise of automation, it is essential for individuals to adapt to the changing job market and acquire skills that align with the demands of automated processes. By staying informed and continuously learning, individuals can position themselves for new job opportunities and contribute to the growth of industries that leverage automation.

Overall, the impact of automation on employment highlights the potential for job growth and adaptation to emerging technologies in the workforce.