Artificial Intelligence (AI) and other technologies are helping many people in a great way, but it can not be denied that it is slowly taking away the jobs of users.
Future of Jobs 2023 Report
AI and smart technologies will put job roles such as bank teller, cashier, and data entry clerk at risk according to a latest report by the World Economic Forum (WEF).
The way these technologies are presumed, these roles could become obsolete in the next five years.
This data is based on the findings of the survey of 803 companies as it plans to adopt big data, cloud computing, and AI technologies in the coming years.
AI Risking Many Jobs
The Managing Director, World Economic Forum, Saadia Zahidi said, “For people around the world, the past three years have been filled with upheaval and uncertainty for their lives and livelihoods, with COVID-19, geopolitical and economic shifts, and the rapid advancement of AI and other technologies now risks adding more uncertainty.”
For instance, it has created a bad impact on many physical bank branches ever since online banking became popular in the world as they are now of no use.
Not only that it has also led to the closure of banks, leaving bank teller and related clerk jobs at risk.
It appears that a 40 percent decline in such roles could be seen before the end of this decade, as per the report.
Decline In Many Jobs
Further the report talks about the automation, sensor technologies, and online services, which are witnessing high interest and growth.
These are also diminishing the need for postal service clerks, cashier and ticket office clerks, and data entry staff, according to the report.
Such roles could see a decline by more than a third in the next five years, as per the sources.
The Future of Jobs 2023 report noted, “in terms of highest absolute job losses, data clerks fare the worst, with an expected 8 million job losses within five years, followed by administrative and executive secretaries, and accounting, bookkeeping and patrol clerks. These three occupations combined account for more than half of total expected job destruction.”
This report also talks about the top 10 jobs that will see growth in the next five years.
Further, the report said, “Autonomous and electric vehicle specialists are in hot demand, topping the list of most in-demand jobs for 2023, with more than 40% growth expected in the coming five years. Close behind, AI and machine learning specialists could see only slightly less job growth, followed by environmental protection professionals with an expected 35% increase over the same period.”
The report also reveals that there might be more than 30 percent growth rate in roles such as specialists, fintech engineers, and several analyst roles, including business, information security, and data, together with data scientists.
Besides this, around 2 million new jobs in areas like heavy truck and bus drivers, vocational education teachers, and mechanics and machinery repairers will reportedly be generated between 2023 to 2027.
