Are there any particular professions, skills or behaviors that will ensure that we remain gainfully employed until we decide that we no longer want to be? Is there anything of significance we do that artificial intelligence can’t? Do we need education to be upgraded, ensuring peak employability in the future?
Since the dawn of the industrial revolution multitudinous researchers believe that the world is on the brink of developing superhuman artificial intelligence which will substitute human intelligence, radically affecting our lives. AI poses an existential threat or constitutes an inflexion point in the history of our existence. While post-humanism is alluring obsession, many take for granted the notion that computers will soon outdate human beings at nearly everything, that the singularity is much farther than what we foresee. One consequence is that jobs like cashier, telephone operator, mailroom, clerical, stenographic, and data-entry are on the way out.
Machine learning has gradually improvised, impacting many important industries, but is believed to be nowhere near the level of human ability.
There is always a grain of truth to these allegations that technological advancements have inevitably displaced some segment of the workforce. The information paradigm underpinning the work processes of all our major industries is now shifting to cloud and mobile ecosystems and is leveraging big data in multifold new ways.
Technological unemployment is always unnerving because it’s hard to understand what the future beholds.
Intervention is the only possible way to make society wealthier and better off. Innovative technologies create more wealth and better jobs in the end by eliminating unpleasant rote work and increasing overall efficiency.
The “creative destruction” driven by innovation is unnerving because it’s hard to predict what a future, wealthier society looks like. Here are areas where we might expect future jobs.
VR/AR and Personalized Entertainment
A shift in paradigm will rocket for talented creative human actors who control dynamic avatars in personalized storylines as Hollywood and gaming industries plan to acculturate on building immersive environment, employing millions.
The nanotechnology market has been exploding since 2000, currently employing more than a million. As a result, we predict substantial advancements in technological realms such as hyper-targeted drug therapeutics, and aircraft construction etc.
If Elon Musk is to be trusted, the next 30 years behold advances in spaceflight technologies creating an immersive new economy in the solar system.
Organic data analysis
Scores of new jobs will open up at the juncture of data analysis and human opinion. Businesses will look to collect data on aspects of the marketing, design, features and more while also testing potential markets by sending out exploratory researches and academia.
We are only scratching the surface of what is attainable with synthetic acumen.
Will AI substitute human intelligence?
While some see AI as salvation, others have responded with anxiety. Policy rooted in fear tends to be irrational and repressive. The pro-jobs response to disruptive innovation is to cultivate a flexible economy that can swiftly adapt to technological change. We should make it easier for entrepreneurs to start new firms and employ more people in new forms of work.
Wealth is only ever actually created from the bottom-up, with free people employing their distinctly human creativity and finding ways to serve and employ others. To make sure we’re creating new jobs we need to cut the red-tape of over one million rules that make our economy sclerotic and deter new business formation — and allow the market to rapidly evolve on its own terms to find new ways of employing millions of people.
Fear is the wrong response to technological unemployment.
With sound policy in the context of a free and open society, coming advances in AI will massively reduce the cost to live a good life, and increase wealth and opportunity for all.
Technological unemployment is devastating but has always gone in flow with economic enhancement. In the next decades, we will continue to invent new ways to entertain, educate, serve and delight others, employing billions in the process. The human mind and body remains the most complex, powerful machine on the planet, and we will adapt and thrive in a world of accelerating technological change. We owe it to our grandchildren to continue innovating.
Finally, how realistic are doomsday forecast that robotics and automation will destroy countless jobs?