The Possibility of Many People Losing Their Jobs to AI and Robots in the Future
The jobs that were done by people in bygone decades, centuries, and ages, were actually done only by people—through and through! But that hasn’t been quite the case in this age because modern-day AI technologies and robots have been taking up many jobs or job positions that were performed by humans decades, centuries, and ages ago.
With the exponential rise in technological advancements and the use of artificial intelligence and robots (or robotic and automation technologies) in this age, perhaps, one important question that has to be asked is: will many people in the world’s workforce be replaced by artificial intelligence and robots in the future?
What is the possibility that many people—not just few—could lose their jobs to AI and robots which have the capacity to do the same tasks as a large number of humans or manual labourers?
The possibility is actually there, and it seems to be on the high side. According to a report titled “The Future of Employment: How Susceptible are Jobs to Computerisation?”, two researchers, Michael A. Osborne and Carl Benedikt Frey, noted that over the next two decades, up to forty-seven percent of workers in the USA will face the danger of losing their jobs to robots or AI technologies.
A study carried out by McKinsey Global Institute, titled “A Future That Works: Automation, Employment, and Productivity”, predicts that by the year 2055, almost half of the tasks usually done by human beings, will be performed by robots; however, the study focused on specific tasks that are likely going to be automated; it didn’t focus on non-specific jobs. In another study, McKinsey Global Institute reckoned that, by the year 2030, AI technologies could take over the jobs of between 400 and 800 million workers.
If between 400 and 800 million people could lose their jobs to AI technologies in about a decade from today, then it is crucial for people to be learning skills that would enable them to engage in specific tasks that aren’t automated or aren’t likely going to be automated.
Because the possibility exists that many people could lose their jobs to AI technologies and robots in the future, people and governments should concentrate on other avenues of earning income (basic universal income, supplemental income programs, etc.) and easing themselves from financial burdens so that they won’t be in an awful situation if AI technologies and robots take up their job positions.
Advancements in AI technologies and robotics could pose a threat to people’s job security
Artificial intelligence has really helped mankind a lot; on the other hand, it has left bits of a sour taste in its train: one of the toughest challenges that people’s job security may face in the future could be due to the rapid changes that have been occurring in technologies that are aimed at enhancing artificial intelligence.
If left unchecked, this is an issue that may force countries, governments, public and private sectors, and experts in various fields to put heads together in order to find a balance that can permit maximum use of AI technologies and robots and prevent serious or any threats to people’s job security.
Although it’s not always possible to predict how new or newer technologies will increase the number of jobs in working places, it is important for the world not to neglect the possibility that continuous increase in AI technologies and robots could outnumber any additional jobs due to technological advancements; moreover, it’s important for the world to know how to handle it if it actually ends up happening, turning into an issue, and becoming detrimental to human welfare.