by Ray Hayes
I don’t think I’m going out on a limb when I say that Artificial Intelligence (AI) is going to be big over the next 10 years. The emergence of AI will undoubtedly make life easier and bring tons of revenue to those able to tap into its resources, but, with this ease of lifestyle, a lack of employment may emerge as well. Mark Cuban, Elon Musk, and many others have already sounded the alarm that technology, while helpful, may lead to a larger issue moving forward. After all, if robots can perform a skill set quicker, cheaper, and with less errors than humans, why hire humans?
According to research by McKinsey & Co., “as many as 800 million workers worldwide may lose their jobs to robots and automation by 2030, equivalent to more than a fifth of today’s global labor force.” This news will have a negative affect on everyone from both developed and emerging countries.
New skill sets will be vitally important for job seekers in the coming generation, and the need to understand technology will be of crucial importance. For example, the need to understand data science and data mining will be a key skill in developing robots, and one that potential job seekers should begin to study today.
Bloomberg said it best when it comes to humans moving into a new economy. “The good news for those displaced is that there will be jobs for them to transition into, although in many cases they’re going to have to learn new skills to do the work. Those jobs will include health-care providers for aging populations, technology specialists and even gardeners, according to the report.”