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SINGAPORE – Millions of jobs will be wiped out by 2027 and the rate of creation of new jobs will be far lower than those eliminated.

This was the grim conclusion of the World Economic Forums (WEF) The Future of Jobs Report 2023, released on Monday. It comes amid concerns of a looming economic recession and persistent inflation.

Nearly a quarter of jobs will change by 2027, with about 69 million new jobs being created and 83 million to be eliminated, it said. This would mean a net decrease of 14 million jobs or 2 per cent of current employment.

Increasing digitalisation, adoption of new technologies, transition to a green economy, localisation of supply chains and slower economic growth are driving the change.

The findings are based on a survey of 803 companies that employ 11.3 million people in 45 economies around the world.

The most-in-demand jobs at the moment for the coming years are artificial intelligence (AI) and machine learning specialists, sustainability specialists, business intelligence analysts and information security specialists.

Jobs that will decline the fastest include clerical or secretarial roles, among them those of bank tellers, cashiers and data entry clerks.

The human-machine frontier is shifting to a new terrain, said Ms Saadia Zahidi, managing director at the WEF, acknowledging that technology is creating the structural churn.

While expectations of the displacement of physical and manual work by machines has decreased, tasks requiring reasoning, communicating and coordinating all traits with a comparative advantage for humans are expected to be more automatable in the future, she noted in an op-ed to mark the release of the Jobs Report 2023.

Generative AI is expected to be adopted by nearly 75 per cent of surveyed companies and will be second only to humanoid and industrial robots in terms of inflicting job losses, she said.

The WEFs report points out that the employment of data analysts and scientists, big data specialists, AI machine learning specialists and cyber-security professionals is expected to grow on average by 30 per cent by 2027.

Concurring with the reports findings, LinkedIns Ms Suzanne Duke, who heads the global public policy and economic graph team at the firm, said digital and green jobs have been the most in-demand in recent years.

There has been a 50 per cent surge in jobs mentioning GPT in the past 12 months, she said during a virtual briefing session by the WEF on the reports findings on Tuesday. GPT, or Generative Pre-trained Transformer, is a language model system that uses deep learning to produce human-like text.

Ms Zahidi and Ms Duke agreed that the emphasis on green jobs is bound to grow.

Roles from renewable energy engineers, solar energy installation and systems engineers to sustainability specialists and environmental protection professionals will be in high demand, translating to growth of approximately one million jobs, Ms Zahidi said in her op-ed. More On This Topic Singapore can expect lower job market churn from 2023-2027: WEF expert askST Jobs: How to flourish after youve been redeployed The WEFs Job Report 2023 said, however, that the largest absolute gains in jobs will be in the education and agriculture sectors.

Jobs in the education industry are expected to grow by about 10 per cent, leading to three million additional jobs for vocational and higher education teachers.

Jobs for agricultural professionals will see a 15 per cent to 30 per cent increase, leading to an additional four million jobs.

While disruption will be across the globe, the new economic geography created by shifting supply chains and a greater focus on resilience over efficiency is expected to create net job growth, with wins for economies in Asia and the Middle East especially, said Ms Zahidi.

In terms of skills upgrades, the Jobs Report estimates that on average, 44 per cent of an individual workers skills will need to be updated.

Strong cognitive skills are increasingly valued by employers, reflecting the growing importance of complex problem-solving in the workplace, said the report.

Analytical thinking and creative thinking will be the most valued skills in 2023, and remain so for the next five years.

Faster reskilling will be necessary, said Mr Shravan Goli, chief operating officer at Coursera, an open online course provider at the virtual briefing.

The companys research showed that individuals without degrees could acquire critical skills in a similar timeframe to those with degrees.

Given this reality, companies could opt for more skills-based hiring to tackle skills gaps and talent shortages, he said. More On This Topic Singapore still has archaic ideas about skills-based jobs, says President Halimah askST Jobs: How to choose the best training pathway Top 10 fastest growing jobs*

1. AI and Machine Learning Specialists

2. Sustainability Specialists

3. Business Intelligence Analysts

4. Information Security Analysts

5. Fintech Engineers

6. Data Analysts and Scientists

7. Robotics Engineers

8. Big Data Specialists

9. Agricultural Equipment Operators

10. Digital Transformation Specialists

*The jobs that survey respondents expect will grow most quickly from 2023 to 2027, as a fraction of present employment figures. Top 10 skills of 2023**

1. Analytical thinking

2. Creative thinking

3. Resilience, flexibility and agility

4. Motivation and self-awareness

5. Curiosity and lifelong learning

6. Technological literacy

7. Dependability and attention to detail

8. Empathy and active listening

9. Leadership and social influence

10. Quality control

**The skills judged to be of greatest importance to workers at the time of survey. Source: World Economic Forum, Future of Jobs Report 2023 More On This Topic First real-world study shows generative AI boosted worker productivity by 14% Singapore salary guide 2022: Is your pay competitive?

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Grooming gangs inquiry must ‘leave no stone unturned’, Kemi Badenoch tells government

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Grooming gangs inquiry must 'leave no stone unturned', Kemi Badenoch tells government

A nationwide grooming gangs inquiry must “leave no stone unturned”, Kemi Badenoch has said as the Conservatives urged the government to ensure ethnicity and religious background are taken into account.

Ms Badenoch and shadow home secretary Chris Philp, appearing alongside a survivor and two parents of survivors/victims, called on the government to adopt draft terms of reference for the inquiry drawn up by the Conservatives with help from some grooming gangs victims and survivors.

The Tory leader said her party is willing to work alongside the government, and an inquiry needs to be undertaken on a cross-party basis as it is ultimately about the survivors, victims and their families.

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The Conservatives’ terms of reference include ensuring the inquiry examines the ethnicity and religious background of offenders, a two-year time limit and a focus on extra-familial abuse.

They also want it to forward evidence to police and prosecutors where criminality is indicated.

In June, the government announced it would be launching a national inquiry into grooming gangs, representing a U-turn after previously accusing Reform and the Conservatives of jumping on a far-right bandwagon when they called for one earlier in the year after Labour announced five local inquiries.

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‘I’d wake up with really bad bruises’

But a national inquiry has been delayed by rows about its scope, while both shortlisted chair candidates withdrew their candidacy following criticism by survivors of their careers as a police chief and a social worker.

A group of women also quit the inquiry’s victim liaison panel – one who was present with the Tories on Monday – as they accused the government of attempting to widen the inquiry’s remit to consider other forms of child sexual abuse.

Ms Badenoch said: “I want to be clear that a national inquiry must leave no stone unturned.

“It must investigate councils, the police and even the government if necessary.

“It must be time-limited, and it must consider the role of ethnicity, religion and other cultural factors.

“Baroness (Louise) Casey’s own report admitted that many of these cases are committed by people of Asian and Pakistani ethnicities.

“Her own report said that those who downplay the ethnicity of perpetrators are continuing to let down society, local communities and the victims. We agree.

“As I said, I have spoken to many survivors. We are speaking on their behalf.

“Their lives and their families’ lives have been turned upside down, so separate to this inquiry, the government must act now to ensure that they and their families are supported so they can heal.”

No political party owns high ground on this matter

Fiona Goddard was close to tears when she told me on Monday that pulling out of the grooming gang inquiry panel was “the most difficult decision of my life”.

The survivor of child sexual abuse in Oldham has spent years campaigning for a national inquiry – but sacrificed her chance to play a part in it because she felt it was moving in the wrong direction and broadening its scope.

The government insists that its scope has not changed, but time has marched on since two candidates to chair the inquiry pulled out in October, and the opposition has stepped into the void – offering their own version of what the inquiry should look like.

However, Kemi Badenoch’s call that “no stone should be left unturned” was reminiscent of her own party’s pledge in December 2018 when then Home Secretary Sajid Javid promised to investigate the ethnicity of grooming gangs with exactly the same words.

The subsequent review published in 2020 found that most group-based child abusers were white but also revealed the lack of data being collected on ethnicity, which the Conservatives promised to improve.

Five years on, Louise Casey criticised the lack of data in her rapid review published earlier this year.

Asked if her own government had done enough, the leader of the opposition pointed to initiatives but added, “We didn’t know everything we know now”.

The truth is, no political party owns the high ground on this matter – just as Fiona Goddard is first to say that no one survivor can speak for everyone.

There is division about how this inquiry moves forward, and there’s no evidence of political parties working together to bring unity.

What it needs more than anything is an independent chair who can pull it out of the hands of politicians.

Baroness Casey, known as a Whitehall troubleshooter, having worked on social issues for successive prime ministers since Tony Blair, is assisting with setting up the inquiry, but acknowledged it could now be “months” before a chair was appointed.

Fiona Goddard, one of the survivors who left the inquiries’ liaison panel, backed the Conservatives’ proposals as she said she had “lost faith in the ability of the government to make more meaningful progress”.

Read more:
Grooming gang survivors on the role drugs played in their abuse
Why are abuse survivors losing faith in the grooming gang inquiry?

Mr Philp said a two-year time limit on the inquiry is essential as he said: “It can’t drag on for years and years.”

He said the Tories were being “constructive” and that dual nationals found to have been involved in grooming should have their British citizenship removed and be deported “with no exceptions”.

A Labour Party spokesman said: “The Conservatives’ record on this issue is clear: they had years to take action on this appalling scandal, yet time and time again they failed to do so.

“This Labour government accepted all the recommendations from Baroness Casey’s report and we are committed to a full, statutory, national inquiry to uncover the truth.

“It will be robust, rigorous and laser-focused on grooming gangs, and its scope will not change.

“The inquiry will direct and oversee local investigations, with the power to compel witnesses and summon evidence. And it will explicitly examine the background, ethnicity and culture of offenders.”

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Scottish independence could ‘reduce energy bills by more than a third’, First Minister John Swinney says

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Scottish independence could 'reduce energy bills by more than a third', First Minister John Swinney says

Scottish independence would reduce energy bills north of the border by more than a third, First Minister John Swinney has claimed.

However, the SNP leader was unable to clearly answer how his party would deliver independence if the UK government continues to refuse requests for a second referendum.

Mr Swinney once again made the case for Scotland leaving the UK, and taking full control over its natural resources, at an SNP campaign event in Glasgow on Monday.

Inspired by his party’s old “it’s Scotland’s oil” political slogan, the first minister stated: “It’s Scotland’s energy.”

Pic: PA
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Pic: PA

He added: “We know from analysis produced for Ofgem that a different policy approach would enable Scotland to have the lowest wholesale electricity prices in Western Europe.

“As we set out in the paper published today, by selling that low-cost electricity into other markets at a profit; by increasing storage capacity, including pumped hydro storage; to end the folly of generators being paid not to produce electricity; and by removing unnecessary costs like the UK’s nuclear levy, we can deliver big benefits here in Scotland.

“That includes being able to lower household electricity bills by over one-third. A big saving for families across Scotland, offering the real hope that cost of living pressures will finally begin to ease.”

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Mr Swinney said lower energy bills would benefit schools and the NHS.

He added: “Think what that will mean for our National Health Service.

“Less money spent on energy bills means more money to spend on doctors and nurses, on more operations and appointments.”

When questioned on how he intends to deliver Scottish independence if the UK government refuses a second referendum, Mr Swinney said: “We’ve got to demonstrate emphatic support for the proposition of independence, and we do so by electing a majority of SNP MSPs at the election in May.”

Read more from Sky News:
Millionaire former Tory donor defects to Reform
UK ‘would benefit’ from rejoining an EU customs union

Mr Swinney said he met Prime Minister Sir Keir Starmer on Friday, and warned the Labour leader he is at risk of becoming the new Margaret Thatcher.

The first minister said: “I left the prime minister in no doubt that unless he changes course, what we face is a second wave of 80s-style deindustrialisation, 80s-style economic devastation.

“Today, Sir Keir Starmer is an even less popular prime minister than Liz Truss – and that takes some doing.

“But if he does not change course on the energy profits levy, he will enter our national story as a second Thatcher, a second destroyer of industry, a second destroyer of communities.

“And Scotland will not forget.”

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Inside Britain’s asylum seeker capital

The event was held in a city which has been described as the “asylum capital of the UK”.

When questioned on the SNP’s “welcoming” position towards refugees amid growing numbers of protests about the issue, the first minister described the demonstrations outside asylum hotels as “appalling”.

He added: “There’s language on these banners that I just find absolutely wholly and totally contemptible and hostile.”

Mr Swinney acknowledged the growing popularity of Reform UK, but said he would “challenge” the party.

The first minister added: “I will go up against Reform in what they say.

“I will stand firm in exercising that political leadership, and I’m quite sure I speak for the majority of people in Scotland in the process.”

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Young people may lose benefits if they don’t engage with help from new £820m scheme, government warns

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Young people may lose benefits if they don't engage with help from new £820m scheme, government warns

Young people could lose their right to universal credit if they refuse to engage with help from a new scheme without good reason, the government has warned.

Almost one million will gain from plans to get them off benefits and into the workforce, according to officials.

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Pic: iStock
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Pic: iStock

It comes as the number of young people not in employment, education or training (NEET) has risen by more than a quarter since the COVID pandemic, with around 940,000 16 to 24-year-olds considered as NEET as of September this year, said the Office for National Statistics.

That is an increase of 195,000 in the last two years, mainly driven by increasing sickness and disability rates.

The £820m package includes funding to create 350,000 new workplace opportunities, including training and work experience, which will be offered in industries including construction, hospitality and healthcare.

Around 900,000 people on universal credit will be given a “dedicated work support session”.

That will be followed by four weeks of “intensive support” to help them find work in one of up to six “pathways”, which are: work, work experience, apprenticeships, wider training, learning, or a workplace training programme with a guaranteed interview at the end.

However, Work and Pensions Secretary Pat McFadden has warned that young people could lose some of their benefits if they refuse to engage with the scheme without good reason.

“Doing nothing should not be an option,” he told Sky News’ Sunday Morning with Trevor Phillips.

“If someone just took that attitude, yes, they would then be subject to, you know, the obligations that are already part of the system.”

“What I want to see is young people in the habit of getting up in the morning, doing the right thing, going to work,” he added.

“That experience of that obligation, but also the sense of pride and purpose that comes with having a job.”

Some young people on benefits will be offered job opportunities in construction. Pic: iStock
Image:
Some young people on benefits will be offered job opportunities in construction. Pic: iStock

Read more from Sky News:
Child poverty strategy unveiled – but not everyone’s happy

Universal credit claimants soar by over million in a year

The government says these pathways will be delivered in coordination with employers, while government-backed guaranteed jobs will be provided for up to 55,000 young people from spring 2026, but only in those areas with the highest need.

However, shadow work and pensions secretary Helen Whately, from the Conservatives, said the scheme is “an admission the government has no plan for growth, no plan to create real jobs, and no way of measuring whether any of this money delivers results”.

She told Sky News the proposals are a “classic Labour approach” for tackling youth unemployment.

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Youth jobs plan ‘the wrong answer’

“What we’ve seen today announced by the government is funding the best part of £1bn on work placements, and government-created jobs for young people. That sounds all very well,” she told Sunday Morning with Trevor Phillips.

“But the fact is, and that’s the absurdity of it is, just two weeks ago, we had a budget from the chancellor, which is expected to destroy 200,000 jobs.

“So the problem we have here is a government whose policies are destroying jobs, destroying opportunities for young people, now saying they’re going to spend taxpayers’ money on creating work placements. It’s just simply the wrong answer.”

Ms Whately also said the government needs to tackle people who are unmotivated to work at all, and agreed with Mr McFadden on taking away the right to universal credit if they refuse opportunities to work.

But she said the “main reason” young people are out of work is because “they’re moving on to sickness benefits”.

Ms Whately also pointed to the government’s diminished attempt to slash benefits earlier in the year, where planned welfare cuts were significantly scaled down after opposition from their own MPs.

The funding will also expand youth hubs to help provide advice on writing CVs or seeking training, and also provide housing and mental health support.

Some £34m from the funding will be used to launch a new “Risk of NEET indicator tool”, aimed at identifying those young people who need support before they leave education and become unemployed.

Monitoring of attendance in further education will be bolstered, and automatic enrolment in further education will also be piloted for young people without a place.

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