CoronaVirus (Covid-19) and The Future of Jobs
The CoronaVirus (Covid-19) has caused a global economic halt and has been confirmed as a global pandemic by the World Health Organization, countries have shut down borders, canceled schools (or at least physical attendance), canceled sporting events, basically, the world is shifting towards social distancing at a very high pace, and with the jobs and markets got affected greatly. And with all the people panicking on the short and mid-term (with just cause of course), this pandemic got me thinking about the future, especially that the machine in all its forms is slowly picking pace.
Where a large number of organizations made a seemingly swift and simple shift towards adapting the necessary changes in doing business, this global pandemic has shed a light on a large number of organizations and industries and their readiness to make the necessary (and in some areas of the world, mandatory) shift towards remote working and that might cause these organizations to NOT see the light pass this pandemic.
Back in 2018, the World Economic Forum has put out a report titled: ” The Future of Jobs 2018” and it has highlighted numerous areas that can be summed here. But Two areas grabbed my attention during the global pandemic of the CoronoaVirus a.k.a. Covid-19, Automation, robotization, and digitization look different across different industries; given the constant increase in the speed of sharing data, it is understandable to see more investment in such technologies.
additionally, the division of labor between humans, machines, and algorithms is shifting fast, and by 2025 we might see the rate of automation break the 50% marker with no signs of slowing down.
Of course, the report does go through a job disruption analysis and shows a net positive outlook towards jobs given that we all need to become lifelong learners
I have mentioned this multiple time on multiple occasions;
Adaptability is the key competency the market is going to focus on.
If this pandemic has taught us anything, it is that.