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The automation myth: Robots aren't taking your jobs- and that's the problem

Usefulness of Technology

Smartphones and the internet haven't provided a sharp increase in productivity, as compared to the other revolutionary inventions like Television, Air-conditioning or Jet Planes.

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The automation myth: Robots aren't taking your jobs- and that's the problem

The automation myth: Robots aren't taking your jobs- and that's the problem

https://www.vox.com/2015/7/27/9038829/automation-myth

vox.com

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Key Ideas

The Automation Myth

For decades, we have believed that automation and huge leaps in technology will take away most of our jobs and there will be widespread unemployment.

A new study shows that this belief is incorrect. Job growth and living standards have continued to rise on an average scale.

Hours worked vs Income

The average working hours have declined only 6 percent, while income has increased at a decent rate per year.

The economy has actually grown even after automation, due to the addition of workers.

The Solow Paradox

The Solow Paradox suggests that automation and computerization aren't taking our jobs, but are adding to our overall workload, taking away our leisure time.

Usefulness of Technology

Smartphones and the internet haven't provided a sharp increase in productivity, as compared to the other revolutionary inventions like Television, Air-conditioning or Jet Planes.

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An Uncertain Future

  • The past decade gave rise to the 'Gig' economy, spawning one-click app-based transactions.
  • Artificial Intelligence and automation are further transforming how people live and work.

Future Proof Your Career

Future-proofing your career to stay relevant isn't about learning how to code or going back to college.

It is about having a career plan with a long-term vision, taking into account the current job-market conditions, economic factors, emerging opportunities, personal interests, and family realities.

Shrinking Life Cycle of Jobs

A life cycle of a job is shrinking rapidly, and if you're not re-inventing yourself or pivoting on time, you are rendered out of work sooner than in the past decades.

We need to check our career plan and ask ourselves what skills need to be developed to pursue future opportunities, in this shifting economy.

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What counts as a robot

When we're talking about robots taking people's jobs, we're speaking of automation.

Mechanical automation, like car assembly lines, has been around for a while.

Software autom...

How automation will affect jobs

Low-skill jobs, where 70% of the responsibilities are predictable physical and cognitive tasks, are straightforward to automate, especially as automation technology becomes cheaper than paying a human to do the same job.

  • Outside an office environment: The jobs that will be affected are things like retail employees and warehouse workers.
  • Inside an office: Jobs vulnerable to automation are data entry, filing, and document review.

Work that is difficult to automate

Complex tasks that require creativity and other forms of higher-order thinking are very difficult to automate. The reason is that you need cognitive technology like AI (artificial intelligence) and automation together. At this point, AI is still limited.

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Worker Skills In The Future

As the Fourth Industrial Revolution automates most tasks and expands new fields of knowledge, the skills required in the work market will change.

Creativity and emotional intelligence ...

Top 10 Worker Skills In 2020

  1. complex problem solving
  2. critical thinking
  3. creativity
  4. people management
  5. coordinating with others
  6. emotional intelligence
  7. judgment and decision-making
  8. service orientation
  9. negotiation
  10. cognitive flexibility