Preparing Tomorrow's Workforce for the Fourth Industrial Revolution
A Framework for Action
Today, business leaders say it can be difficult to find young people with the right skills needed to fill open roles. Moreover, by 2030, an estimated 1.8 billion youth worldwide will not have the skills or qualifications required to participate in the workforce. As the workplace changes due to the Fourth Industrial Revolution – especially with the rise of automation and artificial intelligence – there will need to be a shift in how young people are equipped with the necessary skills and know-how.
This report outlines a framework for action for businesses in supporting the future of youth skills development and employment. The report argues that failing to adequately train the next generation of workers for the digitally-driven economy will lead to greater income inequality, increased unemployment, increased government expenditures, and more mass migrations.
The report also explains the four categories of skills young people must develop to be competitive for the Fourth Industrial Revolution and the specific actions businesses can take to contribute.