Thursday, March 16

Robots Taking Over Jobs by 2025


There are two sides to this coin: Robots and AI will take some jobs away from humans — but they will also create new ones. Since 2000, robots and automation systems have slowly phased out many manufacturing jobs — 1.7 million of them. On the flip side, it’s predicted that AI will create 97 million new jobs by 2025.

WILL ARTIFICIAL INTELLIGENCE (AI) REPLACE JOBS?
AI is and will continue to replace some jobs. Workers in industries ranging from healthcare to agriculture and industrial sectors can all expect to see disruptions in hiring due to AI. But demand for workers, especially in robotics and software engineering, are expected to rise thanks to AI.

Some people don’t see it both ways. For example, Sean Chou, former CEO of AI startup Catalytic, thinks robots are stupid —and he’s not alone in his frank assessment.

“All you have to do is type in ‘YouTube robot fail,’” Chou said.

Don’t misunderstand, though; it isn’t that the machines aren’t rising. It’s that they’re rising much more slowly than some of the more breathless media coverage might have you believe — which is great news for most of those who think robots and other AI-powered technology will soon steal their jobs. “Most of” being the operative words.

Types of Jobs AI Will Impact
The consensus among many experts is that a number of professions will be totally automated in the next five to 10 years. A group of senior-level tech executives who comprise the Forbes Technology Council named 15: insurance underwriting, warehouse and manufacturing jobs, customer service, research and data entry, long haul trucking and a somewhat disconcertingly broad category titled “Any Tasks That Can Be Learned.”

HOW MANY JOBS WILL AI REPLACE?
According to the World Economic Forum's "The Future of Jobs Report 2020," AI is expected to replace 85 million jobs worldwide by 2025. Though that sounds scary, the report goes on to say that it will also create 97 million new jobs in that same timeframe.

Kai-Fu Lee, AI expert and CEO of Sinovation Ventures, wrote in a 2018 essay that 50 percent of all jobs will be automated by AI within 15 years.

“Accountants, factory workers, truckers, paralegals, and radiologists — just to name a few — will be confronted by a disruption akin to that faced by farmers during the Industrial Revolution,” Lee wrote.

When considering those developments and predictions, and based on multiple studies — by the McKinsey Global Institute, Oxford University and the U.S. Bureau of Labor Statistics, among others — there is massive and unavoidable change afoot. Research suggests that both specially trained workers and blue-collar workers will be impacted by the continued implementation of AI.

Developments in generative AI tools like ChatGPT and Bard have raised questions about if AI will replace jobs that involve writing. While it’s unlikely that AI will ever match the authentic creativity of humans, it is already being used as a catalyst for writing ideas and assisting with repetitive content creation.  READ MORE...

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