A World Economic Forum (WEF) study indicates that several fields will see reduced or eliminated job demand due to rapid technological advancements. Administrative and clerical work is the area experiencing the most significant job losses, with nearly 4.8 million jobs disappearing in recent years.
Conversely, the business and finance, and management sectors continue to grow and increase their demand for workers. This is evidenced by the proliferation of startups across various sectors leveraging information technology. Furthermore, jobs requiring strong mathematical and computer skills are highly sought after. A key skill in this area is data analysis, particularly with the advent of the big data era.
These shifts in job market demand across various fields are driven by advancements and trends in internet technology within the workplace. The utilization of this technology results in a decreased need for human-based jobs in the future. Current technological advancements, therefore, prove to be a double-edged sword.
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