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Thursday, March 11, 2021

Post-Pandemic Jobs Bust

Erica Pandey at Axios:
By the numbers: The pandemic's disruption of work will push around 17 million U.S. workers to find new occupations by 2030, according to a recent McKinsey Global Institute report.
  • "Even before the pandemic, 70% of employers reported having trouble filling roles because of a skills gap in the labor force, per Bloomberg.
  • After the pandemic, high-skilled jobs, like web developers and epidemiologists, are expected to boom. And low-skilled ones, like restaurant hosts, bartenders and ticket agents are projected to bust.
"We knew artificial intelligence was going to devastate jobs, but, frankly, I thought that was five or seven years away," says Plinio Ayala, CEO of the job training company Per Scholas.
  • "The pandemic accelerated that. The number of jobs that existed before the pandemic will not be the same number after, and most of those jobs were occupied by people of color and women."
  • "I’m concerned about a real uneven recovery.