Thursday, 30 March 2023 02:43

A new Report has very bad news for white collar workers

Rate this item
(0 votes)

This year has seen wave after wave of job cuts at companies that once seemed the most stable places to work, like Google, Facebook, Amazon, and Disney.

Many people feel nervous about the stability of their own jobs -- and after the thousands of economy-related layoffs were announced, another threat to employment seems to have reared up.

According to a new report from investment bank Goldman Sachs, as many as 300 million jobs worldwide could be replaced by AI.

"If generative artificial intelligence delivers on its promised capabilities, the labor market could face significant disruption,” the report reads.

But before you panic, take note that not every field is in the line of fire. 

Blue-collar jobs that require physical labor will not be affected, with only 1% of the building and ground cleaning and maintenance sector affected. 

If you work in repair or installation, you're also at low risk, with only 4% of work being potentially affected. Construction workers come in third place, with a 6% possibility of being affected.

But if you're sitting in front of a computer for work, you may have something to worry about. Office and administrative support jobs are at the highest risk at 46%. Legal work follows at 44%, with architecture and engineering at 37%.

The threat also varies by country, with the bank estimating that Hong Kong, Israel, Japan, Sweden and the U.S. will be the five most affected areas.

"Of U.S. workers expected to be affected, for instance, 25% to 50% of their workload can be replaced,” the report says.

 

The Street

May 11, 2025

Petroleum marketers to Dangote: We’re no cabal; we only have vested interest just like you

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) says no cabal in the…
May 11, 2025

Northern governors call for security strategy overhaul as violence escalates

The Northern States Governors' Forum (NSGF) has praised President Bola Tinubu's ongoing commitment to national…
May 10, 2025

The No. 1 lesson I learnt about relationship building, from a human connection specialist

Developing healthy, lifelong connections is something that Mark Groves knows all about: He equips individuals…
May 10, 2025

Town residents involutarily get high after Police burn 20 tons of confiscated cannabis

The 25,000 residents of Lice, a town in Turkey’s Diyarbakır province, involuntarily got high after…
May 10, 2025

Gunmen kill 30 travellers, burn 20 vehicles in Imo, Amnesty says

Gunmen shot dead at least 30 travellers in an attack in Nigeria's southeastern Imo state,…
May 11, 2025

What to know after Day 1172 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Putin offers Ukraine direct talks without preconditions Russian President Vladimir Putin has offered…
May 11, 2025

African diet – plantains and cassava can be as healthy as tomatoes and olive oil,…

Plantains, cassava and fermented banana drink should be added to global healthy eating guidelines alongside…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.