In 2020, the global workforce lost an equivalent of 255 million full-time jobs, an estimated $3.7 trillion in wages and 4.4% of global GDP, a staggering toll on lives and livelihoods. While vaccine rollout has begun and the growth outlook is predicted to improve, an even socio-economic recovery is far from certain.
The choices made by policymakers, business leaders, workers and learners today will shape societies for years to come. At this critical crossroads, leaders must consciously, proactively and urgently lay the foundations of a new social contract, rebuilding our economies so they provide opportunity for all.
In this context, the Forum remains committed to working with the public- and private sectors to provide better skills, jobs and education to 1 billion people by 2030 through initiatives to close the skills gap and prepare for the ongoing technological transformation of the future of work.
Future of work: 5 top insights from Davos experts
1) It's smart to hire people smarter than you
This is how Gen Z's views on gender set it apart in the US
According to a recent survey, America's Generation Z is far more accepting than others with not identifying as a man or a woman than other generations.
It’s time to switch to a four day working week, say these two Davos experts
Working less would have a range of benefits for workers and employers and the world should embrace the four day working week, was the message two experts brought to Davos 2019.
The duty of feminists, silence, snowflakes and other top gender quotes from Davos
8 quotes on gender from this year's World Economic Forum at Davos
3 things LinkedIn data can teach us about the future of work
From jobs that don't exist yet to AI's gender imbalance, the better we read the signs today, the more likely we are to build a better tomorrow.
Why the four-day work week is good news for gender equality
Some companies are moving towards a four-day week in order to combat tiredness and burnout, but it could also be a big win for gender equality.
Moving from commitment to action on LGBTI equality
Businesses must foster an inclusive culture to ignite innovation and drive results
Our children's career aspirations have nothing in common with the jobs of the future
The next generation must break out of socio-economic and gender-influenced ambitions if they are to fulfill their potential.
This is what the world's CEOs think about the global outlook
Confidence among global CEOs is on the decline and based on a track record of accurately predicting future economic performance, this could be an important alarm call. Launched at this ye...
These 6 millennial Co-Chairs have a message for Davos
These are the messages that 6 Co-Chairs delivered to world leaders at Davos, messages which have been formed through the challenges they have overcome.
Who should pay for workers to be reskilled?
A new report from the World Economic Forum - Towards a Reskilling Revolution - provides both governments and the private sector with a model for evaluating the cost benefits of reskilling...
5 ways to bring school curricula up to speed
New school curricula take so long to develop and implement they are often already outdated by the time they're adopted. How can we speed up the process?