By George Waggott Law, founder, and Roberto Fonseca-Velazquez, summer law student,
George Waggott Law
Recently, the World Economic Forum released an article on emerging job trends in 2024. The data is drawn from multiple reports produced by the Forum. The post reviews various trends which will shape workplaces around the world in 2024 and beyond. These trends include the following:
1. AI increases productivity
2. The continued rise of “digital jobs”
3. Many workers will need to re-skill
These trends should come as no surprise to organizations. AI has been a driving change in the workforce as more advances are developed every day, and the pace of these changes is only increasing.
Organizations are beginning to focus on the need for AI-specific support roles as well as adding AI- related job responsibility to existing positions. Within this context, globalization remains the dominant economic paradigm, as workers move around in response to housing costs or work opportunity. One consequence is that the rise of AI will produce a demand for human workers with skills that complement emerging technologies.
The Forum argues that the real threat to people’s employment prospects is not that AI leaves them without a job, but rather that workers will lose their job to someone who knows
how to use AI. In short, it is not clear that there will be a net loss of jobs, and instead the trend is toward a change in job requirements and related changes to the set of skills required to complete work.
The continued growth of digital jobs highlights the various economic opportunities created by new technologies. The Forum uses the term “digital jobs” to refer to jobs that can be performed through remote work. According to the Forum, by 2030 the number of digital jobs will rise to about 92 million worldwide. The Forum’s research suggests that digital jobs tend to be higher-paid roles, and they provide workers with the opportunity to work for an organization in another country while allowing employers to make greater use of talent from across the world.
Overall, this report indicates that Canadian workers face both significant challenges and great opportunities. New positions that did not exist five years ago are emerging and becoming pivotal roles in organizations across the world. Insofar as some types of roles will be impacted by rapid change, there is still the opportunity to prepare for this change.
Workers stand to benefit from the opportunity to develop strong soft skills, data skills, and emerging tech skills to remain highly competitive in the market. Organizations should take the time to get ahead of the curve and ensure talent pipelines are ready for any new tech, data or AI developments.
For more information about George Waggott Law, please see: www.georgewaggott.com, or contact: george@georgewaggott.com
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