Page 4 - 2019 SIPC Meeting Brief

THE FOURTH INDUSTRIAL REVOLUTION

more complex reasoning and 36% of jobs

TRENDS ANALYSES require more socio-emotional skills than in
the past. Millions of workers will need to
change occupations and/or acquire different
The rapid development and inclusion of skills to thrive.
new technologies is changing the work

landscape and ushering in a new world of
work. We are currently at the tipping point
of the Fourth Industrial Revolution. (Note:
All data presented in this report is specific
to the US, unless stated otherwise.)

Automation & Artificial Intelligence (AI)

Due to the growing prevalence of
automation and artificial intelligence (AI),
many jobs will be either partially or wholly The McKinsey Global Institute’s “The future
automated. However, the integration of of work in America: People and places,

these new technologies in business models today and tomorrow” report estimates that
is also giving rise to numerous new jobs the current largest occupational categories
and redefining others. in the US economy also have the highest
displacement rates, such as food service,
The types of jobs expected to be lost production work, customer service and
include manufacturing, retail,

telemarketing, data entry, trucking and retail sales. Nearly 40% of jobs currently
exist in categories that could shrink by
skills trades.
2030.
The types of jobs expected to be created
include jobs that require social and

emotional skills (e.g. communication and
empathy), basic digital skills and cognitive
skills (e.g. critical thinking, creativity and
complex information).

According to Advancing Missing Middle

Skills for Human-AI Collaboration by the
Aspen Institute and Accenture, 56% of jobs
require more creativity, 47% of jobs require

2 2019 STRATEGIC INITIATIVE PLANNING COMMITTEE BRIEF