The Job Market of 2045. Steven Cherry: Hi, this is Steven Cherry for IEEE Spectrum’s “Techwise Conversations.”
Automation has displaced a lot of workers in the last 50 years, and it’s set to displace a lot more of them—taxicab and truck drivers, once vehicles drive themselves; much of what remains of manufacturing and assembly work and maybe even a lot of construction labor; fewer lawyers and doctors, once Watson-like software is perfected; teaching, except for the few people making the videos that everyone else learns from. Will we even need waitresses, or just people to bring out the food that we’ve ordered ourselves, once iPads replace menus? Workers in These Five Industries Will Be the First to Lose Their Jobs to Automation. Artificial intelligence is changing the world rapidly, and the global economy will shift to meet the new technology as it always has.
That could mean that some jobs will become fully automated, putting humans out of work. There are a few industries that are especially likely to be among the first to feel the impact of automation; several of which employ the majority of people in the traditional workforce today. Sales Lead generation is all about accurately profiling online behavior to find ripe opportunities, which makes it an ideal candidate for automation. Businesses like InsideSales.com are popular because they use AI to analyze data and find only the best leads for sales teams to pursue. Customer Service By 2020, 85 percent of customer service transactions may be powered by AI and completely free of human interaction.
Transportation Shipping and Logistics Beyond self-driving cards, warehousing and basic logistics are prime areas for AI. Healthcare and Legal Paraprofessionals. Nation Expected to Lose 30% of Jobs to Automation in 15 Years. In Brief The consultancy firm PricewaterhouseCooper is predicting that the U.K. will lose 30 percent of its jobs to automation in the next 15 years.
Automation is a global issue, and some countries are considering Universal Basic Income as a means of counteracting its associated job loses. The Robot Revolution Whether we like it or not, robots are making an impact in the job market. Experts predict that almost a million jobs will be replaced by robots in 2030, while companies like apple are justifying such predictions. We’re expected to see changes in sales, customer service, transportation, shipping and logistics, healthcare, and legal paraprofessionals. Major Firm Announces It's Replacing Its Employees with A.I. In Brief The world's largest money management firm, BlackRock, is poised to conduct a complete overhaul of its current systems to focus on using algorithmic solution to improve its services. 13% of its portfolio managers will be laid off in the process, confirming that no profession is immune to automation disruption.
Automated Money Managers It was only a matter of time before the impact of robots and automation would start having an effect on the white-collar workforce. Case in point: BlackRock, Inc, the world’s largest money manager, just announced that it plans to transition toward automated solutions. The decision to transition comes after news of a massive overhaul that involved a reorganization within BlackRock. In light of that, BlackRock plans to merge traditional investing methods with technology and data science. White-Collar Concerns. New Study Finds That Six Jobs Are Lost for Every Robot Added to the Workforce. In Brief A new paper from the National Bureau of Economic Research presents sobering statistics that illustrate the impact automation is already having on the workforce, noting that each industrial robot introduced between 1990 and 2007 lead to the loss of 6.2 jobs.
The Real Impact of Automation Few subjects are quite as divisive right now as the potential impact of automation on employment. Some, like U.S. Treasury Secretary Steven Mnuchin, believe we needn’t be concerned, while others assert that we are already at the start of the biggest workforce upheaval since the Industrial Revolution. Samsung Announces Plans To Replace Human Factory Workers With Robots By 2018. LEGAL FUTURES Report: artificial intelligence will cause "structural collapse" of law firms by 2030.
1 December 2014 AI: computers that ‘think’ spell doom for many lawyers Robots and artificial intelligence (AI) will dominate legal practice within 15 years, perhaps leading to the “structural collapse” of law firms, a report predicting the shape of the legal market has envisaged.
Civilisation 2030: The near future for law firms, by Jomati Consultants, foresees a world in which population growth is actually slowing, with “peak humanity” occurring as early as 2055, and ageing populations bringing a growth in demand for legal work on issues affecting older people. This could mean more advice needed by healthcare and specialist construction companies on the building and financing of hospitals, and on pension investment businesses, as well as financial and regulatory work around the demographic changes to come; more age-related litigation, IP battles between pharmaceutical companies, and around so-called “geriatric-tech” related IP.
Robot-writing increased AP’s earnings stories by tenfold. Since The Associated Press adopted automation technology to write its earnings reports, the news cooperative has generated 3,000 stories per quarter, ten times its previous output, according to a press release from Automated Insights, the company behind the automation.
Those stories also contained “far fewer errors” than stories written by actual journalists. The Associated Press began publishing earnings reports using automation technology in July for companies including Hasbro Inc., Honeywell International Inc. and GE. Appended to those stories is a note that reads “This story was generated automatically by Automated Insights ( using data from Zacks Investment Research. Full GE report: Don't Fear the Robots Taking Your Job, Fear the Monopolies Behind Them. As algorithms and automatons start to code and roll their way into our workplaces, there’s a looming sense that employment is set for a pretty major shift.
Maybe not quite yet, but slowly and surely, the robots are showing themselves to be capable of taking on jobs once held by humans. They’re more accurate than us, more consistent; they run for longer, they’re satisfied with their work (or at least not unsatisfied), and they don’t kick up a fuss about a living wage. But to worry about robots “stealing our jobs”—an oversimplified rhetoric that sounds all too familiar—is to ignore the greater potential upheaval in our economy.
This Artificially Intelligent Boss Means the Workplace Will Never Be the Same. Production Soared After This Factory Replaced 90% of Its Employees With Robots. The Rise of the Robot Workforce It’s hard to argue against automation when statistics are clearly illustrating its potential.
The latest evidence comes out of a Chinese factory in Dongguan City. The factory recently replaced 90 percent of its human workforce with machines, and it led to a staggering 250 percent increase in productivity and a significant 80 percent drop in defects. A Timeline to Unemployment: When Will Robots Really Replace Workers? No Definitive Timeframe As many studies have predicted, we are globally moving toward more automated workplaces.
Indeed, most experts already believe that the rise of automation is inevitable. One popular and often cited study published in 2013 by Oxford University and the Oxford Martin School predicts, for instance, that 47 percent of jobs in the United States will be automated in the next 20 years. How Automation is Going to Redefine What it Means to Work. In Brief The time for machines to take over most of humanity's work is rapidly approaching. The world is woefully unprepared to deal with the implications that automation will have over the coming decades. Universal basic income is just beginning to be discussed, and automation has the potential to displace much of the world's workforce. 80% of IT Jobs can be Replaced by Automation, and it's 'Exciting' Taking over IT Amidst the anxious grumbling of his audience at last week’s Structure Conference in San Francisco, billionaire Vinod Khosla asserted that 80% of jobs in an IT department could be replaced by AI-type systems.
“I think that’s exciting,” added Khosla, founder of Sun Microsystems and Silicon Valley venture firm, Khosla Ventures. That, of course, is an odd statement to make about job loss. Speaking to an audience of mostly CIOs and other tech executives, Khosla backed up his statement by citing examples of companies that are developing technology that would automate the IT industry. He mentions Nutanix, a company Khosla Ventures invested on, which facilitates how computing infrastructure professionals automate the handling of networks between servers. Singularity University Researchers Discuss How We Can Have Meaningful Lives After AI Takes All the Jobs. This Is What Robots Will Be Doing in 2025. As Silicon Valley continues to aggressively push the technological envelope – tinkering with self-driving cars, delivery drones and intelligent digital agents – the separation between 'human' jobs 'robotic' ones is getting blurry.
Almost daily, artificial intelligence becomes more sophisticated allowing robotic devices to take over more of the tasks once reserved for humans. Is this shift good or bad? Will we, as Elon Musk fears, become the "biological boot loader for digital superintelligence" or are we headed in the direction of a blissed-out, evolved utopia where grunt work is eliminated for the betterment of all? The Pew Research Center tackled this thorny – but pertinent -- question by asking technology builders and analysts, among others, whether they believe networked, automated, artificial intelligence (AI) applications and robotic devices will have displaced more jobs than they have created by 2025.
What Happens When Robots Can Do All the Jobs? One day, not too far from now, we’re going to experience the greatest unemployment crisis in human history. Whether that will be good or bad depends entirely on how we prepare for it. What happens when technology advances so far ahead that machine intelligence can perform all human labor? It may sound nice at first – perhaps even utopian – but the implications are more frightening than you might think. A Robot-Run Hotel at an Amusement Park. The ATM. The self-service kiosks at the airport. The Siri. You may not have known it, but it’s all been leading up to this... Log in to Henn-na Hotel, a futuristic hotel that’s entirely run by robots, now open in Nagasaki, Japan.
Singularity University Researchers Discuss How We Can Have Meaningful Lives After AI Takes All the Jobs. Samsung Announces Plans To Replace Human Factory Workers With Robots By 2018. What Happens if Robots Take the Jobs? How Robots & Algorithms Are Taking Over by Sue Halpern. Here's a group that's pushing for a universal basic income in the United States. The future of jobs: The onrushing wave. IN 1930, when the world was “suffering…from a bad attack of economic pessimism”, John Maynard Keynes wrote a broadly optimistic essay, “Economic Possibilities for our Grandchildren”. The Robots, AI, and Unemployment Anti-FAQ. The Rich and Their Robots Are About to Make Half the World's Jobs Disappear. Technology Isn't Destroying Jobs; It's Creating Them.
‘Natural’ sounds improve mood and productivity, study finds. Robots Are Better Workers Than Humans, Chinese Factory Finds. When Machines Can Do Most Jobs—Passion, Creativity, and Reinvention Rule - Singularity HUB. Barclays Set to Cut 30,000 Jobs as It Looks to Increase Automation and Reduce Costs - Futurism. It's No Myth: Robots and Artificial Intelligence Will Erase Jobs in Nearly Every Industry - Singularity HUB. With the unemployment rate falling to 5.3 percent, the lowest in seven years, policy makers are heaving a sigh of relief. Technology and Jobs: Should Workers Worry? Trends at Work: An Overview of Tomorrow’s Employment Ecosystem. The Clearest Trend in the American Workforce. 7 Predictions For The Future Of Work. 5 trends driving the future of work.
Robert Reich: The Nightmarish Future for American Jobs and Incomes Is Here. Robert Reich: In Our Horrifying Future, Very Few People Will Have Work or Make Money. Don't Fear the Robots Taking Your Job, Fear the Monopolies Behind Them. If Schools Don't Change, Robots Will Bring On a 'Permanent Underclass': Report. On-Demand Employment: How Today’s Workers Are Choosing Journeys Over Jobs. The End of Meaningless Jobs is a Win For Us All. Future of Work Archives - Singularity HUB. Kurzweil Responds to 'When Robots Are Everywhere, What Will Humans Be Good For?' [Video] - Singularity HUB. The Future of Employment.
McKinsey - Help Wanted: Future of Work - full report. BCG Predicts the Startling Pace of Automation. Trends and Challenges for Work in the 21st Century - U.S. DOL. The Future at Work — Trends and Implications - RAND Research. The FutureWork Institute. Five Trends Shaping the Future of Work. The Future of the Workplace. No Job is Safe from Technology, with Andrew McAfee - Futurism. Robots Could Make Even High-Tech Workers Worse Off - Futurism. Humans Need Not Apply. Your job automated. Nearly Half of U.S. Jobs Could Be Done by Computers, Study Says. Advances in Artificial Intelligence Could Lead to Mass Unemployment Warn Experts.
2 Billion Jobs to Disappear by 2030. Governments warned: Robots may take half our jobs in 20 years, so prepare for revolution. Study indicates Robots could replace 80% of Jobs. Moshe Vardi: Robots Could Put Humans Out of Work by 2045. How The Robots Will Take Your Job And Kill The Economy. How Technology Is Destroying Jobs. Automation & job loss. The Rich and Their Robots Are About to Make Half the World's Jobs Disappear.
AI uprising: humans will be outsourced, not obliterated. Welcome. The Truth About Robots and Human Jobs - Association for Advancing Automation. Initiative on the Digital Economy. Learning to live with robots. As Robots Evolve the Workforce, Will Labor Laws Keep Pace? The Share the Scrapes Economy. The Robot Economy and the Crisis of Capitalism: Why We Need Universal Basic Income. A Justifiable Existence. The Big Question: Which industries will robotics likely disrupt?
The Rise of Automated Cars Will Kill Thousands of Jobs Beyond Driving. China's Manufacturers Are Shifting Towards Zero-Labor Factories. Chinese Company Continues Plan To Replace Workforce With 500,000 Robots. Robot Surgeons are the Future of Medicine.
Solar-Powered Robot Farmers Are Almost Ready to Start Working the Land. Robotic-Farming Grows With the Ladybird. Robots will soon replace the tractor. Robot Writing Moves from Journalism to Wall Street. Robot-writing increased AP’s earnings stories by tenfold. Do you know whether this press release was written by a human? LEGAL FUTURES Report: artificial intelligence will cause "structural collapse" of law firms by 2030. Your Lawyer May Soon Be an Algorithm. Jomati reports on legal futures. Hedge fund robots are crushing their human rivals. IBM's Watson gets a job in customer service. Creepy robots check guests in at new Japanese hotel. IPsoft’s Amelia AI platform making its way to work. We Now Have an AI Therapist, and She's Doing Her Job Better than Humans Can. Eliza, Computer Therapist. Creepily realistic robot can hold conversations and answer questions.
U.S. Army Considers Replacing Thousands of Soldiers With Robots. This crime-predicting robot aims to patrol our streets by 2015. Robot Serves Up 360 Hamburgers Per Hour.