14 million jobs worldwide will vanish in the next 5 years, new economic report finds.

A new report from the World Economic Forum (WEF) predicts that 14 million jobs will disappear worldwide within the next five years due to technological disruptions in the job market. The report is based on surveys of over 800 companies and highlights the impact of new technologies such as artificial intelligence and other machines on employment. While employers expect to create 69 million new jobs by 2027, they also plan to eliminate 83 million positions, resulting in a net loss of 14 million jobs, equivalent to 2% of current employment. The shift to renewable energy systems will create new job opportunities, but slower economic growth and high inflation may lead to job losses.

Key points from the article:

• The WEF report predicts that 14 million jobs will disappear worldwide within the next five years due to technological disruptions in the job market.
• The report is based on surveys of over 800 companies and highlights the impact of new technologies such as artificial intelligence and other machines on employment.
• Employers expect to create 69 million new jobs by 2027, but also plan to eliminate 83 million positions, resulting in a net loss of 14 million jobs, equivalent to 2% of current employment.
• The shift to renewable energy systems will create new job opportunities, but slower economic growth and high inflation may lead to job losses.