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2.3 Economic performance

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Question 4

Extract A: Technological Integration and the Future of Labor

With the rapid deployment of natural language processing and advanced machine learning algorithms, the profile of occupational vulnerability in the domestic labor market is shifting. Economists highlight that routine cognitive roles are especially susceptible to displacement.

According to national workforce registry statistics, the Retail and Wholesale Trade sector currently employs 3,400,000 3,400,000\,3,400,000 people, with a projected 28% of these jobs classified as highly vulnerable to replacement. Concurrently, the Administrative and Support Services sector employs 1,850,000 1,850,000\,1,850,000 workers, with analysts estimating that 52% of these positions will face redundancy over the same period due to digital process automation.

Using the data in Extract A, calculate the total number of jobs that are projected to be lost to automation across both the Retail and Wholesale Trade and the Administrative and Support Services sectors combined.

[4]

2.3 Economic performance Questions

  1. A Level
  2. /Economics
  3. /2.3 Economic performance