The World Economic Forum has launched a new initiative, the Reskilling Revolution, a coordinated multi-stakeholder effort to provide the training and development to reskill 1 billion people by 2030.
Saadia Zahidi, Managing Director of the World Economic Forum, said that the initiative will build social cohesion, and ensure people have pathways to social mobility.
More than 1 billion jobs, a third of all global jobs, will be transformed by technology over the next 10 years, according to the OECD. This will require 1 billion people to retrain and reskill by 2030.
G20 countries could be putting $11.5 trillion of potential GDP growth at risk over the next decade if the skills demand is not met, according to Accenture.
The United States, France, the Russian Federation, India, United Arab Emirates, Pakistan, and Brazil are among the first countries to join the World Economic Forum initiative.