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What The Future Of Work Will Mean For Jobs, Skills, And Wages: Jobs Lost, Jobs Gained

Building on our January 2017 report on automation, McKinsey Global Institute’s latest report, Jobs lost, jobs gained: Workforce transitions in a time of automation, assesses the number and types of jobs that might be created under different scenarios through 2030 and compares that to the jobs that could be lost to automation. Globally, we estimate that 250 million to 280 million new jobs could be created from the impact of rising incomes on consumer goods alone, with up to an additional 50 million to 85 million jobs generated from higher health and education spending. These investments could create up to ten million new jobs in the trendline scenario and up to ten million additional jobs globally in the step-up scenario. New jobs will be available, based on our scenarios of future labor demand and the net impact of automation, as described in the next section. A larger challenge will be ensuring that workers have the skills and support needed to transition to new jobs. In the step-up scenario, and considering the jobs in new occupations we cannot envision today, Japan’s net change in jobs could be roughly in balance. Digital talent platforms can foster fluidity, by matching workers and companies seeking their skills and by providing a plethora of new work opportunities for those open to taking them.

Read more on mck.co/2JSo0D2.

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