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0:00 how safe is your job in a world reshaped by AI let's talk about the job market and how you can future prooof your career against AI I know many people wonder what should I study or which job should I pick but to really thrive in the future it's important to understand what's happening in the world around us by looking at the trends and the Outlook of Industries overall you're going to be able to make more informed decisions about your life so we will start out by looking at the big picture Trends exploring the five key trends that will shape the job market in the next 5 years and then we're going to narrow it down step by step to help you develop a career strategy for your future so here
0:46 are the biggest five trends that you should pay attention to the biggest change will come from technology advances in AI Robotics and digital tools will create new jobs and transform how businesses operate but AI will also replace many of the current jobs bringing both opportunities and challenges for workers next is geopolitical tensions particularly between us and China is shaking up the global trade and economic Partnerships these changes will force businesses to rethink their traditional models and navigate new challenges in international markets demographics also play an interesting Trend aging populations are driving up the need for healthcare while younger expanding workforces in lower
1:34 income regions are creating a higher demand for education so for example South Korea is one of the fastest aging countries because of low birth rates and high life expectancy the elderly are expected to out lumber the working age population in the coming decades and I do get a lot of comments that I look very young even though I'm almost 40 so there you have it our people don't age but I don't know maybe they'll be fine with all the robot automations in the future we shall see the last two important Trends are economic challenges and the green transition with Rising living costs and slower economic growth workers need to focus more on upskilling and find creative ways to stay competitive at the same time climate change initiatives Drive demand for new
2:19 roles in renewable energy environmental engineering and sustainability these are some of the trends changing Industries everywhere in the world now let's talk about the job market changes that we're going to be seeing in the next 5 years so we're pulling some numbers from the report by the world economic Forum in the last report they predicted a net loss of 14 million jobs with 83 million jobs going away and only 69 million jobs being created but this time around the Outlook is a little better by 2030 170 million new jobs are expected to be created especially in Tech Healthcare and green energy while 92 2 million jobs will still be displaced which is a significant Improvement compared to the
3:05 last report of course these predictions aren't really set in stone but the trends shows that opportunities are growing especially for those with the right skills and before we dive into the rules that are on the rides let's first talk about the ones that are disappearing for example Postal Service clerks are being replaced by automated sorting systems so you probably still see mailmen delivering your mail to your door probably until drones take over in the future but who knows but the people behind the scenes sorting the mail are being phased out by machines data entry clerks are facing similar Fates with AI tools and data scientists automating the process of collecting entering and analyzing data bank tellers too are
3:51 gradually being replaced by online banking and mobile apps letting people handle transactions without ever stepping inside a branch and even when you get into the branch there are multiple ATM machines being managed by just one teller often times and that one person might handle all the issues that might come up similarly cashiers and ticket clerks are being replaced by self checkout systems and automated ticket counters think about when is the last time you ever bought tickets from a human being lastly administrative assistants and executive secretaries are being swapped out for AI powered scheduling and productivity apps like calendly or water which handles tasks that once needed human touch as Automation and AI tools continue to
4:36 advance jobs that rely on repetitive tasks are increasingly being irrelevant next let's take a look at where the new jobs are popping up for this technology roles are clearly leading the charge We've Got Big Data Specialists for example who are diving into massive data sets to find insights that help companies make smarter decisions and then there are F Tech Engineers creating the Next Generation payment systems and digital banking platforms that are changing how we handle money now do you notice something interesting here do you see how the new jobs are often correlated with the roles that are disappearing data science Specialists are stepping into the space that was once done by data entry clerks and fintech Engineers are taking over tasks
5:22 that were once handled by bank tellers so remember this connection we'll come back to this later on top of that Ai and machine Lear learning Specialists are designing the algorithms that power everything from chatbox to self-driving cars and software and applications developers are still in demand as they build and maintain the software that we use every day it could be mobile apps web apps or everything in between people often think that we only need machine learning or AI engineers in the future but that is actually pretty wrong if you don't understand why I did explain this in the video called AI for everyone but that's for for next week so stay tuned and I'll link it somewhere here once it's up now number five on the list is Security Management specialist the ones
6:08 that are ensuring our systems networks and data are protected from cyber threats so while some jobs are fading others are evolving and growing and it's exciting to think about the skills and the opportunities that come with them when we look at the top growing jobs we do see a lot of similarities to the last report from World economic forum with a couple of changes for example in the last report we saw business intelligence analysts and sustainability Specialists on the top five and even though they're not on the top five list they are still pretty important there is a strong push for green jobs driven by climate change initiatives so renewable energy engineers and autonomous vehicle Specialists are in demand with changes
6:53 towards more sustainable energy solutions and the rise of self-driving Technologies also Healthcare and education are seeing significant growth again even though they're not on the top five list but these industries are still seeing Rising opportunities for example nurses to take care of Aging population and higher education teachers to equip the Next Generation with the skills they need in an evolving job market so what are the skills that you need to be competitive in the future the fastest growing skills that are highly in demand are in AI Big Data cyber security and overall Tech literacy but don't forget soft skills like creative thinking and leadership are just as important one area gaining a lot of attention is
7:39 generative AI demand for Genai training is skyrocketing especially in the US in India in the US popular geni topics include prompt engineering trustworthy Ai and Aid driven decision- making meanwhile in India companies sponsor trainings focused on using AI tools to to boost efficiency and application development this shows two-fold approach to gen learning workers are focusing on building strong foundation and companies are using it to enhance productivity now I often hear people ask if AI is going to replace jobs should I even bother learning to code is it too late for me I think this is a major misconception coding is becoming a foundational skill
8:25 for everyone much like math everyone understands the basics of math even if you're not a mathematician coding skills will be similar people will need to know the basic coding skills even if they're not Engineers but the future is not only about technical skills you will also need human- Center skills like creative thinking and Leadership Industries like renewable energy environmental engineering and Healthcare are booming so combining Tech skills with expertise in these other areas will really set you apart remember earlier I mentioned a strong correlation between disappearing jobs and Rising jobs this is showing that training and upskilling and reskilling will be key to thriving in the future job market for example if
9:11 you're a data entry Clerk and don't Embrace technology you'll likely be phased out but if you do Embrace technology and upskill yourself you can become the most in demand person in the job market in fact the report says that by 2030 59% of workers will need training so if you want to get started with upskilling and build the most basic foundations in AI even if you don't become an AI engineer necessarily go check out this video to inform yourself I'll see you there