IN SHAKE UP BETWEEN HUMANS, MACHINES, OVER 133M NEW JOBS MAY EMERGE BY 2022

Context:

  • In the shakeup between humans and machines, there is a likelihood of creation of over 133 million new jobs by 2022. However, at the same time, 75 million jobs, may be displaced.
  • During the World Government Summit WGS 2019 in Dubai, the Economic Co-operation and Development (OECD) called on governments and institutions around the world to collaborate far more closely around the Fourth Industrial Revolution, 4IR. 
  • Addressing a plenary session, ‘the Future of the Economy in the Age of 4IR’, at the seventh WGS 2019, OECD Secretary-General cautioned governments against creating a situation where they have to look after people who are unable to participate in a new digitally-driven economy.
  • The digital transformation can change the world, but a level playing field has to be created. In OECD countries alone, up to half of all people will be displaced or affected by technology.
  • The OECD’s projections suggest that one billion people worldwide lack the necessary digital literacy and skills to participate in the digital economy and uneven broadband access means that less than half the world’s population uses the internet.
  • Globally, 200 million fewer women are online than men. Countries across the world are at different stages of the digital revolution and some people will be left behind.
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