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Industrie 4.0

Digitization is changing up the job market

A study by two federal institutes looks into the consequences of the digital transformation for the labor market until 2035. Although it predicts massive upheaval, it does not see any overall loss of jobs.

25 Apr. 2018
Die-Digitalisierung-verschiebt-die-Gewichte-am-Arbeitsmarkt
Digitization is changing up the job market (Picture: Deutsche Messe)

Enormous changes for jobs on the one hand, but no decline in employment on the other: the joint study by the Institute for Job Market and Occupational Research (IAB) and the Federal Institute for Vocational Education and Training (BIBB) predicts both the demobilization of some 1.5 million jobs and the creation of about the same number of new jobs. The consequences vary considerably depending on the industry and region. For example, while 130,000 jobs will be lost in the manufacturing sector, 120,000 new jobs will be created in the information and communication industry.

The results of the federal institutes are in line with the investigations of renowned market research and consulting companies. At the end of 2017, US market researcher Gartner, for example, studied the sub-aspect of artificial intelligence and came to the conclusion that the number of newly created jobs would even surpass those eliminated by AI technology by 2020. However, most studies agree that highly skilled workers stand to benefit the most from the newly created jobs.