AI News, Why we need to protect our income from robot automation

Why we need to protect our income from robot automation

Except that time is now.  Last month, one leading futurologist predicted that the global robot population, already more than 57 million, will outnumber humans by 2048, and that’s a conservative estimate.  Automation is already ingrained in everything from warehouse management to selling financial products.

Automation and technology are having more impact on where, when and how we work than on the numbers of jobs.  “The roles most at risk are those which are most routine and whose tasks and procedures are easy to ‘bake’ into algorithms, [such as] insurance claims and legal procedures.” But if robots and other automated systems do become capable of learning faster, performing work more efficiently and never need a coffee break, how can humans compete and protect their future pay?

We don’t know exactly what the next decade’s jobs will look like yet but we know that future-focused employability skills like proactivity, problem solving and creativity will be vital.  “Building these characteristics will allow young people to compete in automated industries, move between sectors and jobs and adapt with a constantly changing workplace and a career path that is likely to look more like a web than a ladder.  “One of the early ways that young people can do this is getting comfortable with lifelong learning and networking with potential employers.

Wasch adds: “One of the most effective ways to secure earning potential in the future is to find or invent a role that relies on creativity – you can’t program it, and it’s a future-proof industry.” Productive processes Not everyone is worried about what robots mean for wages.

“The introduction of automation into the workplace does not mean that human workers will cease to exist in the future.  “In fact, the use of robotic process automation and cognitive bots to execute mundane and repetitive tasks, such as purchase order reconciliation, data entry or even compliance reporting, is designed to make work more human by freeing up workers from process-driven repetitive tasks and providing them with the time and space to do jobs that only humans can do.  “By freeing humans from mundane tasks and handing them to bots that can process them more efficiently, people will be able to do what they do best: use human intellect, be creative and interact with other people collaboratively to create real value for the business.  “Doing work that creates that added value – far more so than routine clerical data entry or manipulation – cannot but have a positive impact on the business as a whole with a matched impact on employability and pay for those workers.”  

Humans Need Not Apply

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