Technological advancements are set to be one of the major drivers shaping and transforming the global labor market between 2025 and 2030.
The Future of Jobs 2025 report, published by the World Economic Forum, highlights the growing importance of technological expertise and systems thinking as core competencies in technical fields. Breakthroughs in artificial intelligence (AI), information processing, robotics, and automation are expected to significantly alter the labor landscape, fueling demand for digitally related skills.
The report identifies AI, big data, networks, cybersecurity, and technological literacy as the fastest-growing skill areas. However, these advancements are also expected to phase out certain clerical roles, such as secretarial positions, cashiers, ticket clerks, bank tellers, and data entry workers. The decline in these roles is particularly evident in routine and repetitive tasks, signaling a transformation or obsolescence of some skill sets by 2030.
Education
Reskilling and upskilling initiatives are essential for preparing the workforce to meet the demands of the evolving labor market. Education systems must embrace technology to revolutionize the learning experience, improve accessibility, and ensure inclusivity. Education is not only fundamental in raising public literacy but also in bridging the knowledge gap between experts and communities.
Emerging data points to a growing demand for AI certifications, driven by both individuals and corporations. These certifications are becoming key to building a workforce equipped to thrive in the intelligent age.
Regulation
Government intervention is critical to ensuring that technological advancements, particularly in AI, are leveraged to complement human labor rather than replace it, which could exacerbate inequality and unemployment. Policies addressing the use of AI in the workplace must strike a balance between fostering innovation and creating a future where technology enhances business operations.
The surge in AI investments is expected to reveal untapped market opportunities. However, sound regulatory frameworks will be the determining factor between capitalising on these opportunities or falling short. Governments must strengthen data collection mechanisms to monitor AI’s impact at both macro and micro levels. Investments in internet connectivity, infrastructure, and overhauling education systems are also pivotal in facilitating the integration of AI into the workplace.
