Forecasts for White Collar Jobs in 2030
According to various reports and studies, the massive advancement of AI is expected to significantly impact white collar jobs by 2030. Some forecasts include:
- Automation of routine tasks: Up to 30% of white collar jobs may be automated, with tasks like data entry, bookkeeping, and customer service being taken over by AI.
- Job displacement: Around 20-30% of white collar jobs may become obsolete, with roles like accounting, law, and consulting being particularly vulnerable.
- New job creation: However, AI is also expected to create new job opportunities, with an estimated 10-20% of new jobs emerging in fields like AI development, deployment, and maintenance.
- Skills shift: There will be a growing demand for skills like critical thinking, creativity, and problem-solving, as well as expertise in areas like data science, machine learning, and cybersecurity.
A report by the McKinsey Global Institute estimates that up to 800 million jobs could be lost worldwide due to automation by 2030, but also predicts that around 140 million new jobs may be created in the same period.
The World Economic Forum forecasts that by 2030, more than a third of the desired skills for most jobs will be comprised of skills that are not yet considered crucial to the job today, highlighting the need for workers to adapt and acquire new skills to remain relevant in the job market.
What are some of the suggestions to avoid the job displacement that many are forecasting due to AI advancement?