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WEF predicts machines will perform half of work tasks by 2025

(Image credit: Image Credit: Alex KNight / Unsplash)

Robots might cause you to lose your current job, but they will also probably carve you out a different one, according to a new report (opens in new tab) from the World Economic Forum.

The report claims that around 85 million jobs will be lost to robots and other automated machines (opens in new tab) within the next five years. At the same time, 97 million new jobs will be created, in 15 different industries and 26 economies.

However, this shift may involve a period of turbulence and will require heavy upskilling and reskilling among the workforce.

Discussing the report, Guy Ryder, Director-General of the International Labor Organization (ILO), said there will need to be a “massive investment in people, workplaces and jobs” in growth industries.

With people needing upskilling and reskilling, governments and companies must “invest in social protection – the most effective lubricant of change” if they want workers to accept and embrace changes without “falling through the cracks” in the process.

New laws and regulations to protect the workers will also be made necessary, and the Covid-19 pandemic, coupled with the rise of remote working, has only accelerated this shift.

Some people fear automation (opens in new tab), machine learning and artificial intelligence will soon make humans replaceable. Others, however, embrace the new technology, believing it will hoover up mundane and repetitive tasks, leaving human workers to add value in a more creative capacity.

Sead Fadilpašić is a freelance tech writer and journalist with more than 17 years experience writing technology-focussed news, blogs, whitepapers, reviews, and ebooks. And his work has featured in online media outlets from all over the world, including Al Jazeera Balkans (where he was a Multimedia Journalist), Crypto News, TechRadar Pro, and IT Pro Portal, where he has written news and features for over five years. Sead's experience also includes writing for inbound marketing, where he creates technology-based content for clients from London to Singapore. Sead is a HubSpot-certified content creator.