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

December 23, 2024

Investors on NGX gain over N1trn in 5 days

The Nigerian Exchange Limited (NGX) posted strong gains last week, with investors adding more than…
December 20, 2024

Atiku questions alleged hack of NBS website, says timing suspicious

Former Vice President Atiku Abubakar has raised concerns over the recent claim that the website…
December 22, 2024

How to know if your memory lapses are serious or not

The older I get, the more panicked I become when something slips my mind. Is…
December 21, 2024

‘Professional Back-Scratchers’ charge up to $130 per hour

The Scratcher Girls is an unconventional relaxation therapy studio that charges clients up to $130…
December 21, 2024

NAFDAC busts illegal rice repackaging operations in Nasarawa, Abuja

The National Agency for Food and Drug Administration and Control (NAFDAC) has cracked down on…
December 23, 2024

Here’s the latest as Israel-Hamas war enters Day 444

Israel's Netanyahu eyes Iran after triumphs over Hamas, Hezbollah, Syria 2025 will be a year…
December 20, 2024

OpenAI launches voice and text access to ChatGPT through new phone service

OpenAI has introduced a novel way to interact with its popular ChatGPT artificial intelligence system…
December 17, 2024

Ademola Lookman named 2024 CAF Men’s Player of the year. These players won in other…

Ademola Lookman, the Super Eagles winger, was crowned the 2024 CAF Men’s Player of the…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2024 NewsScroll. All rights reserved.