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GRIM FORECAST: What jobs will be lost in the next FIVE years? A new report has shocking bad news for YOU

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Suprising sectors will be hit within the next five years.

A new paper released ahead of the World Economic Forum in Davos predicts that women in particular are at serious risk of losing their jobs within the next several years due to the emergence of new technology. The changes in the marketplace will hit wealthy countries hard, and will cost jobs in surprising sectors. These changes are the topic of a major conference this week in Davos, Switzerland.

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By Marshall Connolly, Catholic Online (CALIFORNIA NETWORK)
1/19/2016 (4 years ago)

Published in Business & Economics

Keywords: Davos, robots, fourth industrial revolution, report, jobs, loss, unemployment, world, economic forum

LOS ANGELES, CA (California Network) - Five years is all it will take for the Fourth Industrial Revolution to begin with a bang. Indeed, it's already started and will accelerate during that time. People who think their jobs are safe from automation, will meet with an unpleasant surprise within the next five years.

Most jeopardized are women, who often lack the background in STEM subjects (science, technology, engineering and mathematics). Sectors that will be hardest hit are healthcare, energy, and financial services.

Many of these people will be replaced by remote technology, sophisticated artificial intelligence, and even robots.

These conclusions have been drawn from the "Future of Jobs" report, released ahead of the World Economic Forum in Davos, Switzerland. The report holds that a net of five million jobs will be lost over the next five years. A full 7.1 million jobs will be lost, but 2 million new jobs will be created, offsetting some of the losses. Unemployment is expected to rise universally across the board.

People who assume their jobs are safe from robots, may be shocked to see that robots, or AI, will be replacing them. Even news stories will soon be written by AI bots. Teachers will be replaced in the classroom, at least to a degree. Policing will be taken over by robots. White collar jobs will be increasingly automated.

In the later future, robots will replace fast food workers and waiters. Even mechanics could be in jeopardy.

The World Economic Forum, which runs from January 20-23, in Davos, Switzerland is an A-list event with the world's richest elites gathering to talk about the future of the world. It's an opportunity for them to share and discuss the forecast, the same way farmers might meet and talk about weather and prices.

When it's over, they will return to their countries and their firms and begin steering new paths that will allow them to benefit from the coming changes. But what about the rest of the world? Few people understand that the robot revolution has arrived. Fewer still realize the swift time frame we face.

The Davos Men (as the gathered elites are collectively called), will discuss what to do with the rest of the people who are made redundant by the new economy. Shall these people be reeducated? Shall they be given a guaranteed basic income? Or will they be abandoned? Will we change our schools to emphasize STEM education? Or will we continue letting them teach just the basics and little more, as they have done for a century?

It's impossible to predict what the most powerful people, who control over half of the world's resources will do with us, but bear one thing in mind -you and I are not invited to Davos.


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