If you are assuming that a day will come when machines will replace if not all human workforce but most of them, you are correct!
Technology is rolling higher each decade and most probably will entirely replace humans, if not in the coming decades, but in the next 100-200 years. Roughly 75% of the jobs are expected to diminish in the following 50 years.
Robots produce goods and services cheaper and even more efficiently than humans alone. The world’s investment is flowing towards technology and away from investing in human labour for the reason that technology has a healthy return on investment.
Ranging from unskilled to skilled, driver to a wealth manager, all jobs are at the highest risk of being superseded by technology.
Robot cars have threatened the job security of millions of drivers. At banks, automated tellers are becoming more and more common. Even at wealth management firms, robo-advisers are substituting humans.
If we talk about the legal profession, groups of lawyers and paralegals screen through huge amounts of documents hunting for keywords. But the technology that now exists can quickly do that. Also, in near future, a handful of lawyers will be sufficient to do the job of 20 owing to the progression in technology.
Experts have said that there are ways for the upcoming generation to acclimatize their academic pursuits to battle with an expanding technical force, by learning to be critical thinkers who will further cobble together in the ways that robots cannot.
Thinking critically believes that students who are at ease around computers and those who comprehend at least some programming will have benefits in a technical workforce.
People, who are aware of technology, in turn, know the pros and cons of a mechanized process and can use that knowledge to help them work on the ball.
Everyone would be wondering, in 20 years, where does the human add value? Of course, there will be certain areas where humans would like to interact with humans only.
For example, in the medical domain, artificial intelligence will be better able to diagnose and spot a disease, but humans would still want to talk to a doctor/specialist to discuss options for the same.
The best thing our youth can do to ensure success in the technical workplace is to identify their edge and choose an industry they love. Focus on learning creativity and communication skills.
We have so much of unemployment. Isn’t it? Have you ever acknowledged why? The trend of technology superseding nearly every worker ruptures the model of the economy. Economic production chiefly appoints humans, not robots. Workers build up personal wealth from employment. When the majority of goods and services are produced by machines exclusive of human labour then the economic model falls apart entirely.
In the long run, we will definitely understand that the “perfect” has become the enemy of the “good”!