Although machines will replace more humans in jobs by 2025, there will still be a net increase of 58 million new jobs brought by the development of artificial intelligence over the next five years, according to a report released by the World Economic Forum now held in Tianjin, The Paper reported.
Many new jobs may be less secure than in the past, as businesses are increasingly turning to contractors and freelancers, the Swiss foundation said.
"People, whether they're workers or consumers, will only accept and tolerate the consequences if technology serves them - and not they it", Reiner Hoffmann told daily Welt in reaction to the WEF report.
Instead, technological changes such as high-speed mobile Internet and cloud technology, artificial intelligence, robots and automation are expected to drive a "significant shift on the frontier between humans and machines when it comes to existing work tasks between 2018 and 2022". Consequently, humans will go from performing 71% of total task hours to 58%. WEF surveyed chief human resources officers and top strategy executives from around the world (a group accounting for a collective 70% of global GDP) and found that 54% of employees of large companies will need to re-skill and up-skill in order to "fully harness the growth opportunities offered by the Fourth Industrial Revolution".
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The World Economic Forum also predicts the loss of some 75 million jobs worldwide by 2022, but also says 133 million new jobs will be created.
Among the jobs likely to get a boost are openings in data analysis, social media and software development, as well as positions in sales and marketing which require "human skills" that machines can not replace.
They expect that some routine-based human-held positions will become non-essential in the future, like data entry or payroll clerks. Machines will perform the remaining 52%. The latest edition of the Future of Jobs Report covered over 300 global companies from a wide range of industry sectors.