There’s long been concern about automation and AI making jobs obsolete, and the release of ChatGPT and similar large language models has only fueled that fire. But AI isn’t the only trend that will affect the future of work, it’s one of several. The World Economic Forum’s Future of Jobs Report 2023, released this week, details the additional factors shaping how jobs and the economy will look in the coming years.
The cliffs notes: Almost a quarter of jobs will change in the next five years, but not just due to AI. In fact, AI and other technologies are expected to have a net positive impact on job creation, while economic issues like inflation and supply shortages will be the biggest wrench in the spokes of the labor market’s growth.
803 companies were surveyed for the report, and they represented a diverse mix of industries and regions. They predicted that of the 673 million jobs in the survey’s dataset, 83 million will be eliminated, while 69 million new jobs will be created. This would yield a net decrease of 14 million jobs, or 2 percent of current employment.
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