These are the top 10 job skills of tomorrow – and how long it takes to learn them

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Founder and Executive Chairman of World Economic Forum Klaus Schwab speaks during a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland January 23, 2020.

Professor Klaus Schwab says technological innovation can be leveraged to unleash human potential.

50% of all employees will need reskilling by 2025, as adoption of technology increases, according to the World Economic Forum’s Future of Jobs Report.

  • Critical thinking and problem-solving top the list of skills employers believe will grow in prominence in the next five years.
  • Newly emerging this year are skills in self-management such as active learning, resilience, stress tolerance and flexibility.
  • Respondents to the Future of Jobs Survey estimate that around 40% of workers will require reskilling of six months or less.
  • Half of us will need to reskill in the next five years, as the “double-disruption” of the economic impacts of the pandemic and increasing automation transforming jobs takes hold.

That’s according to the third edition of the World Economic Forum’s Future of Jobs Report, which maps the jobs and skills of the future, tracking the pace of change and direction of travel.

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6 futuristic jobs that will soon exist in the financial industry

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I’d like to apply for the job of man-machine team manager, please

 It used to be that a job in finance would set you up for life. Steady, reliable, dependable, calculators and sweater vests. These things come to mind when you think of a career in finance.

Just like in other industries, AI and machine learning are entering the scene and causing great disruption in what used to be one of the most stable career choices. In the US, one report found that 1.3 million bank workers will lose their jobs or be reassigned due to automation. Globally, finance leaders are predicting that 50% of jobs could be lost.

As these technologies develop, which jobs will become obsolete? Will a robot be doing my taxes in the future? At the same time, what new opportunities are on the horizon?

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Fourth Industrial Revolution points to “New Collar” jobs

 

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Artificial Intelligence hype is only going to increase.

We know what blue collar jobs are, but what are “new collar” jobs? We are in the midst of the Fourth Industrial Revolution and artificial intelligence, analytics and automation is radically changing jobs.

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Futurist to GLI: Millions of new industries will spin from technology

 

Futurist to GLI: Millions of new industries will spin from technology

 In the next decade or two, Thomas Frey predicts we’ll build our houses from 3D printers, shop at mobile convenient stores brought to our doorsteps and wear “smart” clothes that track our movements and guide us through the day.

Frey is a futurist who founded the Colorado-based DaVinci Institute. He’s also a sought-after speaker on the topic of how technological innovation will transform our lives.

He told 1,000 business people and community leaders gathered Monday night for Greater Louisville Inc.’s annual meeting at the Kentucky International Convention Center that while there are dire predictions of massive job losses from advances in artificial intelligence and automation, thousands of new industries will sprout from what’s right on the horizon.

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Reskilling future workers: who’s responsible?

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Rapid technological change, with its impact on jobs, requires a constantly renewed workforce through retraining.

From switchboard operator to film projectionist, three industrial revolutions down and we’ve already seen many jobs wiped from the face of the Earth. Emerging technology is rapidly dispensing P45s, pink slips or termination letters to the next round of workers. More than half the global labour force will need to start reskilling and reinventing how they earn a living in the next five years, according to the World Economic Forum. Millions of roles will be lost, equally many more will be created.

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World Economic Forum- The future of jobs

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Key Findings

As technological breakthroughs rapidly shift the frontier between the work tasks performed by humans and those performed by machines and algorithms, global labour markets are undergoing major transformations. These transformations, if managed wisely, could lead to a new age of good work, good jobs and improved quality of life for all, but if managed poorly, pose the risk of widening skills gaps, greater inequality and broader polarization.

As the Fourth Industrial Revolution unfolds, companies are seeking to harness new and emerging technologies to reach higher levels of efficiency of production and consumption, expand into new markets, and compete on new products for a global consumer base composed increasingly of digital natives. Yet in order to harness the transformative potential of the Fourth Industrial Revolution, business leaders across all industries and regions will increasingly be called upon to formulate a comprehensive workforce strategy ready to meet the challenges of this new era of accelerating change and innovation.

NOTE: Read Futurist Thomas Frey’s column on “Future of Work: The New Age of Employment” here.

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The coming jobs apocalypse

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Congress and the Trump administration have yet to create a coherent policy response to a widely forecast social and economic tsunami resulting from automation, including the potential for decades of flat wages and joblessness. But cities and regions are starting to act on their own.

What’s happening: In Indianapolis, about 338,000 people are at high risk of automation taking their jobs, according to a new report. In Phoenix, the number is 650,000. In both cases, that’s 35% of the workforce. In northeastern Ohio, about 40,000 workers are at high risk.

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The next great workplace challenge: 100-year careers

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Scientists expect people to live routinely to 100 in the coming decades, and as long as 150. Which also suggests a much longer working life lasting well into the 70s, 80s, and even 100, according to researchers with Pearson and Oxford University.

Quick take: Thinkers of various types are absorbed in navigating the age of automation and flat wages, but their challenge will be complicated by something few have considered — a much-extended bulge of older workers.

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Artificial intelligence will create new kinds of work

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When the first printed books with illustrations started to appear in the 1470s in the German city of Augsburg, wood engravers rose up in protest. Worried about their jobs, they literally stopped the presses. In fact, their skills turned out to be in higher demand than before: somebody had to illustrate the Growing number of books.

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Four futurists weigh in on the jobs of the future

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Many people are scared of the future. With every science fiction movie that portrays technology as evil, and let’s be honest, that’s the theme of almost every science fiction movie that’s ever existed, it’s easy to develop some paranoia about the dangers ahead.

However, much of today’s technology is giving us super-human abilities. The same technology that gets blamed for eliminating our jobs, is also giving us capabilities beyond our wildest dreams. We have instant access to friends and family, instant access to answers for almost any question we ask, and instant entertainment if ever we get bored.

Here are some future jobs predicted by four futurists – Graeme Codrington, Joe Tankersly, Thomas Frey, and Jim Carroll.

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Discover the Hidden Patterns of Tomorrow with Futurist Thomas Frey
Unlock Your Potential, Ignite Your Success.

By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.

Learn More about this exciting program.