In News:

The World Economic Forum's latest "Future of Jobs Report 2025" has highlighted significant trends and predictions for the global labor market by 2030.

Key Highlights:

Fastest Growing Jobs by 2030

The report identified the following jobs as the fastest-growing by 2030:

• Big Data Specialists
• FinTech Engineers
• AI and Machine Learning Specialists
• Software and Applications Developers
• Security Management Specialists
• Data Warehousing Specialists
• Autonomous and Electric Vehicle Specialists
• UI/UX Designers
• Delivery Drivers
• Internet of Things (IoT) Specialists

Job Disruption and Creation

• 22% of jobs globally will be disrupted by 2030 due to automation and technological advancements.
• 170 million new jobs are expected to be created, resulting in a net increase of 78 million jobs.
• Technological shifts, economic uncertainty, and demographic changes are expected to play significant roles in this transformation.

Skills in High Demand

• AI, Big Data, Cybersecurity: Skills related to artificial intelligence and big data are expected to see an 87% rise, while networks and cybersecurity skills are projected to increase by 70%.
• Creative Thinking, Flexibility: Skills like creative thinking, resilience, flexibility, and agility are also expected to see a significant rise, emphasizing the importance of soft skills in a technology-driven world.

Declining Jobs

The report lists the following positions as expected to decline by 2030:

• Postal Service Clerks
• Bank Tellers
• Data Entry Clerks
• Cashiers and Ticket Clerks
• Telemarketers
• Printing Workers
• Accounting and Bookkeeping Clerks

These roles are being replaced or transformed by automation and AI, which are reshaping traditional job functions.

Technological Advancements

• Digital Access: 60% of employers believe that expanding digital access will be the most transformative trend for businesses.
• AI and Robotics: Employers are investing heavily in AI, robotics, and energy technologies, creating a demand for skilled workers in these sectors.
• Energy Technologies: Jobs related to the green transition, including renewable energy and environmental engineering, will see an uptick as countries strive to meet climate goals.

Key Drivers of Change

• Technological Change: AI, machine learning, and automation will continue to reshape industries.
• Geoeconomic Fragmentation: Geopolitical tensions and economic shifts are prompting businesses to transform their models, leading to a greater demand for cybersecurity and security management roles.
• Aging Populations: The growing demand for healthcare services, especially in high-income economies, will result in more jobs in the care economy (e.g., nursing professionals, social workers).
• Green Transition: The global shift toward clean energy and environmental sustainability will create numerous opportunities for jobs in renewable energy and climate change mitigation.

Implications for India

• AI and Robotics Investment: Indian companies are leading the way in investing in AI, robotics, and autonomous systems.
• Growth Sectors: India’s rapidly developing tech sector will see a rising demand for AI, machine learning, and big data specialists.
• Disruptions in Traditional Jobs: Roles like postal clerks, cashiers, and data entry clerks in India are also expected to face significant reductions due to automation.

Challenges for Employment in India

• Skill Mismatch: There is a significant skill gap, with many workers lacking expertise in emerging fields like AI, cybersecurity, and data science.
• Digital Divide: Urban areas are adapting to new technologies faster than rural areas, which may widen employment disparities.
• Informal Sector: India’s large informal workforce faces challenges in transitioning to technology-driven jobs due to limited access to training and education.

Reskilling and Upskilling

• The WEF report emphasizes that 59% of the global workforce will need reskilling or upskilling by 2030 to remain competitive.
• Workers must adapt to new roles, especially in technology and the green transition, to meet the evolving demands of the job market.