30% of Jobs at Risk: Which Sectors Will Thrive and Which Will Decline? McKinsey Consultants Weigh In

AI scares many who are not secure in their jobs… but McKinsey Consultants has a new report which might offer some hope!

AI to Transform Job Market by 2030: McKinsey Report

Artificial Intelligence (AI) is poised to turn the job market on its head over the next decade, leading to approximately 12 million job transitions by 2030, according to a McKinsey report. This rate of change mirrors the disruptions seen during the COVID-19 pandemic. Kweilin Ellingrud, a senior partner at McKinsey, highlighted that sectors such as healthcare and STEM (science, technology, engineering, and mathematics) are expected to experience growth, while roles in administrative assistance, customer service, food service, and manufacturing face significant impact due to AI-driven automation of repetitive tasks and data processing【India Today】.

AI’s Impact on Job Roles and Tasks

The McKinsey report estimates that nearly 11.8 million workers will need to transition to new occupations as demand for their current roles declines. This shift will primarily affect jobs involving repetitive tasks that AI can easily automate. The report, also covered by Business Insider, emphasises that AI and automation technologies will alter around 30% of tasks across various jobs, necessitating widespread adaptation in work practices.

Preparing for the AI-driven Future

Ellingrud stresses the importance of workers proactively adapting to these changes by developing skills in areas where human abilities like creativity, critical thinking, and emotional intelligence remain essential. Support from businesses, educators, and policymakers will be crucial in helping workers navigate this transition and capitalise on the opportunities presented by AI advancements.

(Visit India Today for the full story)

*An AI tool was used to add an extra layer to the editing process for this story.