For some people, the future looks exciting and promising, but there are still many of those who risk losing their jobs simply because their professions will disappear. Are you planning your career path? Deciding on the university to apply to? Or just want to know what professional prospects await you? Read this post so that you don’t have to choose a new profession again in a couple of years and could use all the available opportunities at max.
Changes in the Employment Sector
A study from the University of Oxford found that 45% of professions would disappear over the next 10 years due to full or partial automation. In this article, we will look at some of the key industries and employment sectors that will be faced with major changes in the coming decade and subsequent years.
#1 – Drivers
According to the forecast of the Massachusetts Institute of Technology, in 5-10 years, unmanned trucks will travel on the roads of the United States. Cabs, urban transport, and private cars will also become unmanned. The states have already built an artificial city to test such vehicles.
In the future, we will be able to get rid of road accidents, transport delays, and other problems that people are faced with now. However, although the cars won’t be operated by drivers anymore, they will still need to be serviced, and those who love to drive are most likely versed in repairs. And even if not, then you have a couple of decades to become an expert in mechanics and car automation.
#2 – Cashiers
It is expected that cashiers will be the first to lose their jobs. You’ve probably seen self-checkout counters with a crowd of people around them, and we are not far from fully automating the shopping process. Supermarket technology continues to evolve. Artificial intelligence in business is one of the popular use cases. Thus, Amazon Go has made several stores where you just go, select products, and the amount is automatically debited from your credit card. Cashier robots will be able to work around the clock without showing any emotions or signs of fatigue.
#3 – Waiters at Cafes and Restaurants
Remember when people were asked to work at McDonald’s for $ 15 per hour? Fast food waiters are probably the easiest profession whose job can be automated. Robot waiters can handle any stressful situation much faster than the best McDonald’s employee. While labor cuts are protesting in all countries, the wave of automation is gaining the upper hand. Restaurant technology continues to evolve every day and will change significantly in the near future thanks to modern solutions from AI startups.
#4 – Builders
Nowadays, using 3D technology, it is possible to build houses in 24 hours without involving a large number of people. With this in mind, it is no wonder that a profession of a builder will soon become a thing of the past.
#5 – Stock Traders
A study by Bloomberg analysts found that only 10% of stocks traded on a daily basis globally are traded by real people and investors. The rest of this is done by computers. Therefore, a stock trader is another professional that will disappear very soon. The stock market is one of the places whose settings and flows can be easily automated.
#6 – Content Creators, Journalists, Editors
It is expected that content writing and editing functions will be performed by computer programs soon. For example, Bloomberg has replaced some of its news staff with a program that writes stock news faster than human journalists. Another example is Forbes magazine, which already uses the services of robotic journalists to create and check annual reports. And in the Big Ten Network, robots quickly write and publish the latest sports news.
Although modern technologies will most likely change the “content production universe,” they will hardly have any effect on creative professions. For example, a successful content strategy cannot be developed by even the smartest robot or program. The same refers to video production and editing tweaks. We can hardly imagine a robot performing screen recording on Mac and then polishing a recorded video clip. Of course, there are many powerful online video makers and the best screen recorders, but they will never create a quality media product without a living person controlling the process.
#7 – Travel Agents, Loan Managers, Bank Employees, Security Specialists
Almost all banking transactions can be performed online, and money can be received from an ATM. Even today, bank employees are needed only to serve people who have not been able to adapt to new technologies. The same refers to the travel industry. You can buy an airline ticket and book a hotel room yourself without the help of a travel agent.
When it comes to loan affairs, you can apply for a loan online already today. And in the future, you will instantly receive a bank decision, while the computer will check our pc against databases for the reliability of the client. Cyber security jobs are under threat as well. More and more digital data protection solutions are being developed; they reduce the need to hire dedicated security specialists and IT infrastructure people.
What Professions Will Remain in Demand?
There are still six areas where robots will not replace humans. Healthcare, education, hospitality (HoReCa), real estate, household, and personal services – these are some of the employment sectors and industries that are not going to change any time soon. Can you just imagine the use cases for artificial intelligence in healthcare or a robot doing a medical check-up of your body? This can only happen in fantasy movies.
Modern technologies will only contribute to the development of these professions and the improvement of customer experience. However, it has nothing to do with 100% digitalization and automation.
Final Say!
Total robotization of dozens of areas will take place in the next 15 years. There is no doubt that this will significantly improve our quality of life. Interaction with employees and customers, the conclusion of agreements, and sales have moved online. More and more industries are adopting artificial intelligence and robots, making some professions endangered. Thus, World Economic Forum (WEF) predicts 75 million job losses by 2022-2025 due to technology and innovation
