50 Million Jobs: Robots Will Compete in the Labor Market for EuropeansMarko VidrihThe Capital – Medium

By Marko Vidrih on The Capital

According to McKinsey analysts, by 2030, automation will no longer be just a tool to increase productivity and will compete with people in the labor market, performing most of the work tasks.

According to a McKinsey study, more than 90 million workers across Europe (about 40% of the total working age population) will be forced to learn new skills over the next ten years so as not to lose their jobs. Ubiquitous automation puts 51 million jobs in the region at risk, experts say. Due to the rapid development of technologies and their application in various fields, almost the entire able-bodied population of Europe will face changes. In particular, it may be necessary to change the scope of activities.

Therefore, in the coming years, further training and retraining of employees for many enterprises in different industry areas will be relevant. This trend has also gained momentum under the influence of the coronavirus pandemic. According to analysts, automation will be used in areas that are most vulnerable to COVID-19. This is, first of all, sales and customer service, the provision of catering services, as well as construction.

As for the growth in the number of vacancies, McKinsey analysts predict that most of the human resources will be required in the field of healthcare and social work, in the provision of professional, scientific and technical services, as well as in the field of education. This is because machines cannot cope with work that requires the ability to interact, care, train and manage other people.

Author: Marko Vidrih

Featured image credit: Unsplash

https://medium.com/media/3b6b127891c5c8711ad105e61d6cc81f/href


50 Million Jobs: Robots Will Compete in the Labor Market for Europeans was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.

By Marko Vidrih on The CapitalAccording to McKinsey analysts, by 2030, automation will no longer be just a tool to increase productivity and will compete with people in the labor market, performing most of the work tasks.According to a McKinsey study, more than 90 million workers across Europe (about 40% of the total working age population) will be forced to learn new skills over the next ten years so as not to lose their jobs. Ubiquitous automation puts 51 million jobs in the region at risk, experts say. Due to the rapid development of technologies and their application in various fields, almost the entire able-bodied population of Europe will face changes. In particular, it may be necessary to change the scope of activities.Therefore, in the coming years, further training and retraining of employees for many enterprises in different industry areas will be relevant. This trend has also gained momentum under the influence of the coronavirus pandemic. According to analysts, automation will be used in areas that are most vulnerable to COVID-19. This is, first of all, sales and customer service, the provision of catering services, as well as construction.As for the growth in the number of vacancies, McKinsey analysts predict that most of the human resources will be required in the field of healthcare and social work, in the provision of professional, scientific and technical services, as well as in the field of education. This is because machines cannot cope with work that requires the ability to interact, care, train and manage other people.Author: Marko VidrihFeatured image credit: UnsplashCryptomarkshttps://medium.com/media/3b6b127891c5c8711ad105e61d6cc81f/href50 Million Jobs: Robots Will Compete in the Labor Market for Europeans was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.Read Moreeconomics, jobs, business, europe, robotsThe Capital – Medium

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