‘75pc of workforce will be millennials’

KUALA LUMPUR: Seventy-five per cent of the global workforce will comprise millennials by 2025, while more than half of today’s jobs will become obsolete with advancements in technology and automation.

Qi Group of companies executive chairman Datuk Seri Vijay Eswaran said most millennials did not want a 9am to 5pm existence.

“They want to be in charge of their own lives and want to experience things, travel, explore, and be able to earn an income in between those experiences,” he said at the recent World Economic Forum in Davos, Switzerland.

Vijay said this category (the millennials) fit brilliantly into the gig economy, which referred to a free market system, creating temporary positions for independent workers for short-term.

“If you’ve noticed, when we were growing up, buying a house or a car was the big dream.

“Those goals are not of much value to this group of people.”