Public Management

Due to automatization, more than 375 million people will change jobs by 2030

Monday, 04 December 2017 14:50

By 2030, more than 30% of working hours could be automatized, according to a new report of the McKinsey Global Institute. Indeed, analysts from the cabinet estimated that depending on the speed at which new technologies are adopted, between 400 and 800 million people could lose their current jobs.

However the good news is that, out of this group of people, more than 375 million people, which is about 14% of the world’s workforce, could completely switch jobs and acquire new skills to evade unemployment.

Better even, McKinsey added that job demand will adjust to the evolution pace of artificial intelligence (AI). Technology will spur productivity and consequently revenues and consumption, in developing nations particularly. Meanwhile, there will be more jobs in the health sector to meet the demand of aging societies and more investment in infrastructures and energy.

Despite all, the report mentions a major element. Truly, according to the team of experts that wrote the document, for this macroeconomic adjustment to be really effective, major challenges are to be overcome. For example, everyone will need to acquire new skills. Governments and private companies will also need to implicate themselves as the pill might be quite a bitter one to swallow, according to the report.

“While there may be enough work to maintain full employment to 2030 under most scenarios, the transitions will be very challenging - matching or even exceeding the scale of shifts out of agriculture and manufacturing we have seen in the past”, the report warns.

Though automatization could end many jobs, most of them will be redesigned and there will be much more jobs than now.

800 million of people stripped of their jobs by automatization in no way means 800 million people without jobs, the cabinet highlighted.

Fiacre E. Kakpo

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
(EBID) - The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) held its 92nd Ordinary Session on June 30, 2025. The Board...
• The IMF approved a $261.9 million disbursement under DR Congo’s credit program• Economic growth hit 6.5% in 2024, driven by the extractive sector•...
• Ghana’s Parliament approved a $360 million loan from the World Bank’s IDA• The funds will help pay road sector arrears, support vulnerable groups,...
(AMETRADE) - The 15th edition of the annual Africa PPP Summit (#APPP2025) is set to take place on 28 – 31 October 2025 at Hilton Hotel, Windhoek, Republic...
Most Read
01

Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...

Telecoms: Lebara Enters Nigerian Market with Strong Competitive Ambitions
02

Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...

Côte d’Ivoire’s Fuel Price Cuts Haven’t Slashed Transport Costs–Yet
03

• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines.• Burkina F...

BOAD Grants CFA10 Billion to Revive Boungou and Wahgnion Gold Mines in Burkina Faso
04

In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...

In Five Years, Francophone Africa Will be A Major Force in African Tech –Régis Bamba
05

• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...

Israel-Iran conflict raises new threats for global shipping and oil trade
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.