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LayOff of The Man Power: AI Targeting Human Jobs

There is growing debate in the economics community and academia about whether technological progress threatens to displace a large proportion of these jobs in the longer term … Economists looking at previous industrial revolutions observe that none of these risks have transpired. However, this possibly underestimates the very different nature of the technological advances currently in progress, in terms of their much broader industrial and occupational applications and their speed of diffusion.

Machines and ease of using machines are on the rise. While they aren’t out to get you just yet — and might never be — they sure are going to steal one thing: your job. If you work in the transportation industry, manufacturing, some sectors of the information technology industry, and also some financial sectors like in insurance, law, or taxation, you may already be obsolete.

Source:www.theguardian.com

Expert Moshe Vardi told the American Association for the Advancement of Science (AAAS): “We are approaching a time when machines will be able to outperform humans at almost any task.

 

“I believe that society needs to confront this question before it is upon us: if machines are capable of doing almost any work humans can do, what will humans do?”

 

The point which should be highlighted is, increased automation is expected to dramatically disrupt worldwide employment as early as 2020. Recent developments in artificial intelligence (AI) and robotics are making this change possible. These developments, of course, aren’t inherently bad, but their effect on jobs will certainly present challenges. The question is, how prepared are we to meet those challenges?

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