Will You Lose Your Job to Automation?
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Will You Lose Your Job to Automation?

For the last two , three centuries there
is always this fear the machines are taking over .I don’t think anyone can
irresponsibly say : oh don’t worry , nothing will happen to jobs ! This time it might
be true ! The world people say they’re not overly anxious about technology , they are
deeply deeply anxious about their jobs . They will impact jobs. But we don’t know
what’s going to come we don’t even know what new inventions they’re going to be .
To reinvent yourself when you’re 20 it’s difficult but you do it . To do it again
at 30 ,at 48 , 50th that’s a very high levels of anxiety . But so what are we
left to do then ? What are we left to do then ? It’s easy to imagine the predicted
66 million people poised to lose their jobs to machines muttering the same
refrain . The OECD the intergovernmental organization that came up with that
figure estimates that 14% of jobs could be automated in industrialized countries .
And though machines are most immediately coming after manufacturing and
agricultural drops even work requiring more specialized skills could
increasingly fool to automation . Goldman Sachs’s chief financial officer reported
that their US cash equities trading desk employed some 600 traders back in 2000 .
All but two of those positions had become automated by 2017 . In these
increasingly uncertain times we asked the experts what jobs will be created
and what jobs will disappear . There’ll be some disintegration and some creation of
jobs . 50 years ago we could not have thought of software engineering as a job
today the whole Silicon Valley is full of that labor force . First obviously it will
create AI jobs right people who program AI people will fix robots but in terms
of quantity is a very very small quantity . We will see jobs more related
to interaction with intelligent machines . Where it’s symbiotic
the man and machine the human can do things that the machine cannot do and
the together they do it better . Freeing labor from dangerous repetitive work .
I suggest every professional whether you’re a lawyer , accountants think about
tools that emerge and how that makes you two , three , four times stronger better and
richer for that matter . People talk so much about replacing humans but I think
the goals of AI machines should be actually more assistive . But to be really
honest professional jobs are still a small proportion of the total jobs . To a
large extent blue-collar jobs would replace by machinery . Bank teller ,
receptionists , customer service , drivers and even radiologists relatively
high-end more complex jobs are going to eventually get replaced over the next 15
to 20 years . The routine job replacement is huge .
Humanity has seen this over and over again every Industrial Revolution is a
huge disruption of jobs . I think it easily accounts for half of our jobs
different people have different views about whether this these half of the
jobs will take ten years or maybe thirty years or forty years to be replaced . But
even forty years is faster than Industrial Revolution . The experts agree
that though technology has disrupted the nature of work in the past at no point
in history as the transformation being so rapid and extensive and that speed
means workers must stay nimble and continue learning new skills throughout
their working lives . I think there will be new jobs , the big question is whether
people will be able to reinvent themselves to fill these jobs. But what
if they can’t stay nimble and keep learning ? The difficulty would be if
you’re in the same routine type of environment for 20-25 years and suddenly
you are told it’s not available anymore . Go and learn something
entirely new well that’s the case it’s the most difficult case
that’s where governments have an important role to play . If a job is going
to be lost what’s the support for the worker to make sure they have skills and
redeployment support ? You need to provide the kind of training program and the big
question there is who pays for this training program who provides it ?
Provision at the company level , funding , shared by the company and the state . Full
employment is still at the heart of our communities , the dignity of work , the
cohesion that brings social stability and we need to plan for that . Because if
we don’t do that half the people losing their jobs
whether it’s over 10 or 30 years is going to create a large number of
unhappy people who face not only a loss of income of also loss of meaning .
I think we need to create more human compassion jobs , human touch jobs
caretaking jobs , keeping company of the older people , orphanages , concierge
masseuse , bartender . There will be many more flexible forms of employment but
the average is and also for full-time workers will be less , there will be more
time for leisure activities , travel . We need to in our education have that
future children know that it is okay , these are good jobs to have. That whole
shift of retraining education and in fact shift from the Industrial
Revolution work ethic to a new work ethic where where we can have lives that
we much more enjoy that whole shift I think is a huge process . What about
college students trying to decide which degrees are worth potentially tens of
thousands of their tuition dollars ? Which ones will actually land them jobs ?
Perhaps a bachelor’s in art history doesn’t attract the same job prospects
as say one in computer science . Finding purposeful work . To the eighteen
nineteen twenty year old in terms of choosing degrees at college you know . You
hear people talking about problem-solving being at the essence .
I’ve heard this for twenty five years . I think the main consideration that you
have to do is whether you’re interested in that degree . Humanities are at the
base of our knowledge they’re at the base of our own understanding of human
relationships and history and development. The world needs that
diversity of thinkers and doers it gives you a core of a knowledge base
that then you can build on with specialist skills . Do what you’re
interested in because if you do what you’re interested in then you’ll be good
at it . Now labor markets change you have to keep learning all the time I have to
keep adapting therefore you need to have the basic skills . Computer skills ,
scientific knowledge , the capacity to understand geology these are specific
skills that you can build on . I think we’ve made false choices by
separating so far out of the equation on technical degrees if we really want
people who can think about things solve problems then you need a mixer boss
though many universities are diverting more and more funding to their maths and
science departments we discount the humanities at our own peril equally say
our experts if we don’t build a framework for an automated future we
could face significant social economic and political upheaval so are we
prepared for automation Humanity at the the beginning was working all day all
weekends on the land right industrialization has shifted that now
most of us in the world at least in the developed world living a 9-5 kind of job
scenario and five days a week the human purpose in life is not about working
very hard even if it’s a routine job and attain wealth and respect it is more
about expressing love and compassion about making a difference to other human
beings I think we understand enough about automation to know what structures
to have in place to ease the transition if we don’t learn from the lessons of
the past if we aren’t prepared to actually heal the fractures of the
current working environment and then build on those partnerships to plan for
a secure future then it does look like we don’t have to protect jobs we have to
protect people

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