Millions of jobs at risk from artificial intelligence

As many as 7.1 million jobs could be lost over the next five years due to the “fourth industrial revolution”, the World Economic Forum (WEF) has warned The WEF’s Future of Jobs report found white-collar office and administrative roles face the greatest losses though redundancy and automation. However, the loss is expected to be offset by the creation of 2.1 million new jobs, mostly in the computer and mathematical or architecture and engineering sectors. This would lead to a net loss of 5 million jobs in 15 major developed and emerging economies, the WEF said. In the UK, the ratio of jobs created per job lost is expected to be of 2.91. The report also said the healthcare sector is expected to experience the greatest negative impact in terms of…

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