Jobs with most alternatives, losses, Southeast Asia
Financial Discussion board predict that over the subsequent 4 years, 75 million jobs will probably be displaced and 133 million new ones created globally because of technological developments.
One place that is set to really feel that shift greater than others is Southeast Asia.
To maintain up with the tempo of change, the area will attempt to transition from agricultural jobs to service-led roles in a number of years — one thing that is taken most superior economies a long time to do.
That transition might end result within the displacement of 28 million full-time equal jobs throughout the area’s six main economies in subsequent decade, in response to a brand new report from analysis agency Oxford Economics and U.S. tech firm Cisco.
That quantity equates to roughly 10 p.c of the entire working inhabitants of these nations: Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
To make certain, the shift will result in the emergence of recent careers in rising industries. However it is going to additionally trigger web job losses of 6.6 million as employees lack the mandatory abilities to maneuver to totally different roles, the research discovered.
The problem — and alternative — then, will probably be to determine which jobs are anticipated to carry weight sooner or later and the abilities required to safe them. CNBC Make It spoke to Cisco’s president for Southeast Asia, Naveen Menon, to search out out.