The Speed of Skill Change
Lightcast Future - Ready Workforce Collection
Over the past three years, the average job has seen 32% of its skills change.
It’s abundantly clear that the labor market today is much different than the labor market of three years ago—and now, skills give us a lens to see exactly how much. Change in the labor market is often gauged through job transitions, and jobs created and lost. But that doesn’t tell the whole story. Even if a job isn’t created or lost, it can still change. And the average job has seen one third of its skills change in three years, and 25% of jobs have seen 75% skill turnover.
Rapid change demands urgent action. This is not a time to wait and see, because by the time you’re done waiting, you’ll see that the goalposts have shifted even further. Standing still when labor market disruption is happening so quickly is a sure way to be left behind—and to understand what actions to take, the first step is to understand the change that’s already happening.
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