Future of Jobs

According to the McKinsey Global Institute report between 400 million and 800 million people worldwide could be displaced by automation and need to find new occupations by 2030, with 75 million to 375 million of those affected need to move to another new jobs and learn new skills.   Over the last two decades, there has been a surge in interest in automation and digital technologies, as well as their implications for our societies. Several writers have calculated experimentally the impact of automation technologies on employment and people by examining technology adoption at the business or industry level in previous years and related this to labour market outcomes, but their conclusions have been mixed. Some studies find that automation technologies positively impact employment, while others show that they have a negative impact.   Our study examined the impact of automation on UAE in terms of demographics, employment and economic sectors by implementing several scenarios of automation. These scenarios revealed that, in most cases, automation will positively impact UAE in terms of some macroeconomic indicators, and will lead to its economic growth and stability. Finally, we provided some recommendations that will enhance and facilitate the transition to automation in the UAE.