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The rapid development of new technology creates an ever-changing world around us. While future technology offers endless possibilities, the thought of job markets being affected by it makes people understandably nervous.
It is predicted that automation could potentially eliminate up to 73 million jobs by 2030. Indeed, that number sounds scary, but what often isn’t mentioned is the incredible growth our economy and job market will go through, all facilitated by future technology.
With that in mind, let’s take a look at how future technology is set to improve the job market.
Out with the old and in with the new. Yes, technology is set to potentially eliminate the need for certain manual labor and administrative positions. What people often don’t talk about is the amount of new and more technically demanding jobs that will be created with the development of technology.
In fact, most jobs today’s youth will end up doing haven’t even been created yet. Artificial intelligence alone is expected to create 58 million new jobs by 2020. In addition to new opportunities, machines will undoubtedly create more work for areas already existing such as sales and marketing.
The new jobs that will be created also have a chance to provide more fulfilling careers for people. Anything that requires human thought and creativity should thrive.
People will be required to have a more technical skill set, but their overall quality of life will improve drastically. Gone will be the administrative and data entry desk jobs. Freeing people up from mundane and repetitive jobs will provide them more of a chance to think and be creative.
Careers in data analytics, software development, and social media will be in high demand, and while they will require people to obtain education and training, they will ultimately be happier in their new roles.
In an increasingly digital world, offices are becoming unnecessary. Technological advances have allowed a lot of people to start working from home, and that number is only projected to rise. Working on your computer from the comfort of your home has many advantages for both the employee and the company. The stress of the daily commute will be eliminated and most people will be happy and more relaxed in their own living space.
When people are happier, they are more productive and with the reduced stress of being able to work from home, people should be healthier and more focused. For companies, the elimination of the need for a workspace could mean a significant reduction in building size and along with that, building cost.
An increasingly remote workplace could have major implications for our cities. With reduced demand for offices, the cost of real estate in major urban areas could significantly decrease, which would bring the cost of rent down as well. Even if you don’t end up having a job where you can work from home, you will probably see the positive effects of an increasingly remote workplace.
Technology has made it easier for people to work together on projects from anywhere. Collaborative tools like Google Drive, Dropbox, GoToMeeting, and Slack have helped bring people together to work in new and exciting ways. Cooperative workspaces and pods are also becoming increasingly popular for those that do still want an office-life atmosphere.
Soon, you’ll be able to work on anything with anyone from anywhere. The possibilities are endless.
It’s easy for people to look at the number of jobs being eliminated and immediately start to think about doom and gloom. The reality is technology will probably create more jobs than it will eliminate.
I would describe the future of jobs being a more healthy division of labor between humans and machines. While artificial intelligence will take over many of the repetitive administrative and data entry tasks, humans will still do the heavy lifting through creative and analytic positions.
To learn more about this and other aspects of future tech, please check out more of our posts on this topic below!
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