IPE Global | News | April 06, 2020 IST
Machines and algorithms in the workplace were expected to create 133 million new roles, but cause 75 million jobs to be displaced by 2022, as per a WEF 2018 Future of Jobs Report. This means that a net of 58 million new jobs will be created over the next few years which would allow people to work with machines and algorithms to meet the demands of the current demographic shifts and economic changes. However, this may change drastically because of the pandemic and there would be substantial job losses which could take upto two-three years to recover.
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