Within a few years, humans and machines will work alongside each other to create a so-called workplace revolution that will have significant impacts on human jobs, according to a report released this week from the World Economic Forum.
It’s predicted, The Wall Street Journal reports, that more than half of all current workplace tasks will be performed by machines in 2025, as opposed to 29% today.
But the impact of machines and algorithms on the entire workforce will result in net positive job growth as companies in sectors ranging from finance to hospitality and telecommunications experiment with ways to pair software, machines and artificial intelligence with human labor, according to the World Economic Forum.
Overall the report, which surveyed chief human resources officers and top strategy executives across 300 global companies, predicted a decline of 984,000 jobs and a gain of 1.74 million jobs between now and 2022. The World Economic Forum’s report shows, however, that more than 50% of employees of large companies would need significant retraining to take on the newly created jobs.
