Seven “emerging professions” shaped by new technology will drive new job growth worldwide, according to a new World Economic Forum study using data from Burning Glass Technologies.
Identifying these new, emerging professions is crucial as technology both creates new jobs and makes old ones obsolete, the report said. Globally, WEF estimates that 133 million new jobs will be created and another 75 million jobs displaced between 2018–2022. Of the new jobs, 16% will be in roles that didn’t even exist previously.
The seven emerging professions include Data and AI; Engineering and Cloud Computing; People and Culture; Product Development; the Care Economy; and the Green Economy. Burning Glass data was used to measure the Care and Green economies, taking U.S. data and extrapolating to international figures.
Overall, these seven fields will account for 6.1 million jobs worldwide between 2020-22, the report said. But the proportions will vary. The largest number of job openings, 37%, will be in the Care Economy; 17% in Sales, Marketing and Content; 16% in Data and AI; 12% in Engineering and Cloud Computing; 8% in People and Culture; and 1.6% in the Green Economy.
The Care Economy covers health, fitness, and social services roles. Many of these roles already exist but are growing rapidly and provide large-scale opportunities for workers.
While the number of Green Economy jobs remains relatively small, many of the roles are growing rapidly, such as Solar Energy Installers and Methane Gas Generation Technicians.
Care and Green economy jobs are also heavily influenced by forces like government policy and demographic change, the report said. A government green infrastructure investment, for example, or a shift in health care policy could impact the projections.
The full report is available at the WEF website.