The Future of Jobs Report by the World Economic Forum is out. The pace of technology adoption will remain unabated. It will transform tasks, jobs and skills by 2025.
By 2025, work will be divided equally between humans and machines. This shift in the division of labour means 85 million jobs displaced.
97 million new roles may emerge that are more adapted to the new division of labour between humans, machines and algorithms.
And yes, that means training for new skills.
Don't believe it when politicians come along and promise you the easy way.
Like Jamus Lim telling you that good jobs are jobs that you want, jobs that pay well, jobs that don't require you train for new skills beyond school. These are election rhetoric. Empty words.
During the election, Jamus Lim said in a political broadcast:
"I wish to express how important it is that our government doesn’t just promise us jobs, but good jobs. .. Too many of the promised jobs fail to meet up to our expectations,... because they call for us to have skills that the educational system did not provide to us."
With the fast pace of technological change, you either skill-up or be replaced. This is especially so for low wage workers where machines and robots can take over easily.
The answer is not a minimum wage. The answer is how you can stay employed so that you will earn a wage.
When a politician calls for a minimum wage for you while making light of skill-training, you know he does not make sense.
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