WEF: The Future of Jobs
The Fourth Industrial Revolution is interacting with other socio-economic and demographic factors to create a perfect storm of business model change in all industries, resulting in major disruptions to labour markets. New categories of jobs will emerge, partly or wholly displacing others. The skill sets required in both old and new occupations will change in most industries and transform how and where people work. It may also affect female and male workers differently and transform the dynamics of the industry gender gap. The World Economic Forum’s “ Future of Jobs Report” aims to unpack and provide specific information on the relative magnitude of these trends by industry and geography, and on the expected time horizon for their impact to be felt on job functions, employment levels and skills.
The International Labour Organization presents a detailed analysis of how technology is transforming five key labor-intensive and economically prominent sectors in ASEAN: the automotive and auto parts; electrical and electronics; textiles, clothing and footwear; business process outsourcing; and retail sectors. It also highlights findings from extensive enterprise and student surveys as well as stakeholder interviews conducted in ASEAN and beyond. It is clear that technologies – both current and forthcoming – will increase productivity, render some occupations obsolete and create new ones. The real question lies in whether ASEAN can take advantage of the benefits technology offers and if it can also adequately prepare its workforce.
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