Summary of The Future of Jobs Report 2018

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Rating

8 Overall

8 Importance

8 Innovation

8 Style


Recommendation

Technological breakthroughs hold incredible promise and opportunity for global economic growth. However, innovation also introduces risks – in particular, the disappearance of existing jobs as new careers emerge. In this macrolevel analysis, the World Economic Forum assesses the state of the world’s job market across nations, businesses and industries through the timeframe of 2018–2022. Company and government leaders interested in current and future employment prospects will find this exhaustive report an essential read.

In this summary, you will learn

  • How the employment market will change from 2018 to 2022,
  • Why technology and human capital are critical aspects of the emerging labor dynamic, and
  • What employers and employees can do to manage the transition effectively.
 

About the Author

The World Economic Forum is an independent global organization that engages leaders of business, politics, academia and society to improve the state of the world.

 

Summary

Global business and political leaders, along with workers, face challenges and opportunities in the Fourth Industrial Revolution. Technological innovation is massively altering the traditional employer and employee relationship, with both positive and negative consequences. Artificial intelligence, virtual reality, robotics and machine learning have the potential to unleash productivity gains that could spur global economic growth and deliver accelerating wealth and prosperity across nations. These upbeat outcomes are by no means guaranteed; rather, they depend on stakeholders participating in strategic and tactical programs designed to enhance the interconnectivity of human talent and technical progress.


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