Forecast Report

Future Of Jobs Forecast, 2020 To 2040 (India, China, South Korea, Australia, And Japan)

Balanced Regional Tech Strategies, Workforce Upskilling, And Green Jobs Mitigate Some Jobs Lost

August 8th, 2022
With contributor:
Michael Kearney

Summary

Over the next 20 years, the five largest economies in Asia Pacific (APAC) — India, China, South Korea, Australia, and Japan — will see large changes to their working populations. Workforce declines in China, Japan, and South Korea, as well as high employee costs in Australia, will force firms to invest more in automation. India will focus on job creation as its workforce grows. By 2040, 63 million jobs in these economies will be lost to automation, and 247 million will be at risk from automation. STEM education, technology workforce training, technology platform worker growth, and jobs in the green economy will become more important, as will the protection of informal worker rights.

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