The Jobs Consortium
The Jobs Consortium is a coalition of leaders and initiatives promoting productive employment, growth in the jobs of tomorrow, new standards in the workplace and better wages for all. With increased investment and focused action from global leaders, a job-rich recovery is possible.
A Turbulent Outlook for Work and Workers
A triple disruption from the COVID-19 pandemic, the green transition and the Fourth Industrial Revolution is triggering changes in the labour market, presenting both challenges and opportunities. These disruptions have increased unemployment and labour shortages. Global unemployment is projected to stand at 207 million in 2022, surpassing its 2019 level by some 21 million. Unemployment is especially pronounced in lower middle-income countries, which are experiencing the slowest recovery. At the same time, employers are finding it difficult to hire and retain workers, with work conditions and worker skills playing a part. As skills needed in the jobs of tomorrow shift dramatically, workers are increasingly unprepared for emerging jobs.
A Future of Work that Works for Everyone
At this crucial geopolitical and geo-economic moment, good jobs are a critical pathway for managing rising inequality, building social mobility and addressing the cost-of-living crisis. As new jobs and ways of working are rapidly replacing old ones, leaders need to support workers in pivoting towards a future which works for everyone. Higher wage, formal, future-ready and higher quality jobs are better for companies, workers and economies alike.
Mobilizing a Job Rich Recovery
The World Economic Forum’s Jobs Consortium is a coalition of leaders and initiatives promoting productive employment, growth in the jobs of tomorrow, new standards in the workplace and better wages for all. Underpinning the Jobs Consortium is a shared understanding of the need to expand opportunity and quality in the jobs of tomorrow, with a particular focus on social, green and tech jobs as the high-growth, job-creating sectors of the future.
By 2025, an estimated 97 million new jobs will emerge and 85 million others will be displaced by a shift in the division of labour between humans and machines alone. There is a fundamental need for identifying the jobs of tomorrow, strategic investment in new and better jobs and supporting the transition of workers into emerging jobs.
Government and business leaders in the Jobs Consortium champion a job-rich recovery, co-create knowledge on job creation and good work, and crowd-in global initiatives on better jobs. The consortium is supported by insight products, action frameworks and a collaboration platform developed by the Forum’s Centre for the New Economy and Society, to create and share expert knowledge and ensure this can be translated into tangible change. In 2022-2024 the Consortium will 1) champion the narrative on a job-rich recovery, 2) support country level public-private initiatives, and 3) accelerate business leadership on good jobs.
1) Insight development will include The Future of Jobs Report, which tracks jobs and skills that are growing and declining in demand across major economies and industries, as well as the Jobs of Tomorrow series that identifies the job areas for highest return on investment, boosting economic activity, expanding employment opportunities and generating multiplier effects in the form of more inclusive economies and societies.
2) Country-level public private collaboration includes the Jobs Accelerators, which support government and business in stimulating a good jobs recovery at a national level. In 2022-2024 the Consortium will support 10 Jobs Accelerators across different countries.
In addition to these initial areas of work, the 2022-24 roadmap will include alignment and cooperation between relevant global efforts and the Jobs Consortium.