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Three industries boosting employment

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Three industries boosting employment

He gets a lot of pressure labor market, which must adapt to new data created, on the one hand, by the pandemic, and, on the other, by the recent geopolitical crises. At the same time, due to the changes observed in the industry since its widespread introduction technologiesgreen transition and supply chain restructuring, the rate of job creation is also affected.

Specifically, according to a new report from the World Economic Forum (WEF), “Industries with strong job creation prospects are those in which investment leads to high levels of direct and indirect job creation. The immediate creation of jobs is due to the creation of new enterprises and the development of existing ones. This report identifies three sectors with the greatest potential for job creation in the future. it’s about the domain energy and materialsthe IT sector (information technology) and digital communications and finally the care, personal services and wellness industry.

In particular, according to the World Economic Forum, most of the world’s countries have pledged to reduce greenhouse gas emissions in order to cope with the climate crisis. The energy transition is expected to generate significant job growth as domestic renewable energy capacity is increased. According to the WEF, China is currently the dominant force in the industry, providing 42% of renewable energy jobs globally. However, the case of the United States is also noteworthy, where the law on lower inflation (IRA) is estimated to have created 100,000 related jobs since its implementation in August 2022. As part of the IRA, the US government launched $370 billion worth of investments and tax credits to accelerate the transition to a green economy in the US.

In addition, the introduction of technology and digital transformation, according to the WEF, are important drivers of direct job creation, but at the same time they also contribute to development in other sectors. “Using underlying economic growth models and job multipliers, the authors (research) estimate that each additional tech position results in the creation of approximately five new jobs in other sectors,” the report says specifically for Europe.

Finally, referring to a study by the World Labor Organization, the WEF argues that investments in the health sector can lead to the creation of almost 300 million jobs worldwide. This includes 96 million direct childcare jobs, 136 million long-term care jobs, and 67 million indirect jobs in other non-care sectors. It is worth noting that of the new positions that will be created by 2035, it is expected that 78% of them will be filled by women. However, according to the report, the new positions must offer “fair pay, protection and equal opportunity for all.”

This is highlighted by the fact that some 214 million workers worldwide currently live in extreme poverty, and 60% of those employed in the informal economy are uninsured.

Author: newsroom

Source: Kathimerini

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