Fastest Declining Jobs Worldwide 2024 – Check Here

by Tayyab Khan Blogs

Advancements in automation and artificial intelligence are the primary factors driving the significant transformation of the employment landscape. The Future of Jobs Report from the World Economic Forum illuminates this evolving dynamic by emphasizing the occupations that are experiencing a precipitous decline. Millions of workers are confronted with the reality of employment displacement, a global phenomenon that impacts both developed and emerging economies.

The potential loss of approximately 14 million jobs is anticipated by 2027 as a result of automation and artificial intelligence. In sectors where tasks can be automated or digitized, the influence of technological advancements on the global job market is particularly emphasized by this substantial figure.

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Top 10 Fastest Declining Jobs Worldwide

Automation and artificial intelligence are having an increasing impact on the following ten professions, and it is expected that they will experience even more substantial employment losses in the years ahead, particularly in countries that are rapidly adopting these technologies:

  • Bank Tellers and Related Clerks: The demand for corporate bank tellers is decreasing as a result of the increasing prevalence of online banking.
  • Postal Service Clerks: The necessity for conventional mail services is being substantially diminished by digital communication methods.
  • Cashiers and Ticket Clerks: Cashiers and ticket clerks are being replaced by automated purchasing systems and online booking platforms.
  • Data Entry Clerks: The repetitive data entry duties are being replaced by AI and software automation.
  • Executive and Administrative Secretaries: The demand for these positions is decreasing as a result of the automation of administrative duties.
  • Material-Recording and Stock-Keeping Clerks: These positions are becoming obsolete due to inventory management technologies.
  • Accounting, Bookkeeping, and Payroll Clerks: Financial software is becoming increasingly capable of managing these responsibilities for accounting, bookkeeping, and payroll clerks.
  • Officials and Legislators: Although AI does not directly replace these roles, technological influences have resulted in a change in their nature.
  • Statistical, Finance, and Insurance Clerks: Advanced analytics tools are replacing numerous functions of statistical, finance, and insurance clerks.
  • Door-to-Door Sales Workers, News, and Street Vendors: E-commerce and digital platforms are significantly diminishing the necessity for door-to-door sales workers, news vendors, and street vendors.

Countries Most Affected by AI-Driven Job Decline

1# Developed Economies:

  • USA: The United States is currently experiencing a 15% employment loss rate, with sectors such as finance and retail being particularly affected.
  • Germany: Germany’s manufacturing sector is experiencing substantial automation, as evidenced by a 12% job loss rate.
  • Japan: Technological advancements and an aging population have resulted in a 10% job attrition rate in Japan.

2# Emerging Economies:

  • China: China has experienced an 8% employment loss rate, which has resulted in the displacement of 100 million workers, primarily in the manufacturing and logistics sectors.
  • India: India is currently grappling with a 6% employment loss rate and is experiencing difficulties in the administrative and customer service sectors.

What shall you do if you have these affected Occupations?

It is essential to act now and capitalize on your current qualifications and experience if your career is in a profession that is experiencing a decline as a result of AI and automation. Your expertise can be invaluable in facilitating the seamless transition of industries and organizations into the digital era. Remember, there is still a substantial requirement for human insight and administration in a world that is driven by AI.

You establish yourself as an essential component of the evolving workforce by obtaining supplementary qualifications in AI and related technologies. This strategic approach not only improves your current skill set but also significantly decreases the probability of your employment being replaced by AI, thereby guaranteeing your continued relevance and employability in the future work market.

Frequently Asked Questions:

  1. What are some examples of the fastest-declining jobs worldwide?

    Examples of such positions include those in traditional manufacturing (such as assembly line workers), specific clerical roles (such as data entry clerks), and positions in the retail sector (such as cashiers) as a result of automation and digital transformation.

  2. What types of jobs are growing despite the decline in others?

    Jobs in renewable energy, healthcare, technology, and advanced services (such as data analysis and digital marketing) are generally increasing. The number of positions associated with cybersecurity, artificial intelligence, and healthcare support is increasing.

  3. Are there any regions or countries that are more affected by these job losses?

    Although job loss is a global phenomenon, regions with economies that are heavily dependent on traditional sectors or heavy manufacturing industries may experience more severe consequences. For example, countries with large manufacturing bases may experience a greater decline in assembly and production employment.