Fear is okay, but complacency kills jobs
A combination of demographic changes, automation’s rapid expansion and increasing income inequality could cause a major economic and employment disruption unlike any we have seen before. Future-proofing jobs will require planning and understanding these disruptions.
There are 62 issues that workers face at work.
People don’t plan for failure. They fail to plan for the unexpected.
Although fear is a natural human emotion that can paralyze us from taking action it’s complacency which will eventually kill them and their jobs.
Therefore, we must be aware of what is happening around us. We must be alert, flexible, and adaptable to changing landscapes.
Fear mongering is
We read every day about robots taking over jobs.
“Will robots replace me?” ”
“The robots will take over your job. ”
“Robots can steal your job. ”
“Robots can steal the most jobs. ”
Gallop also provided us with findings that showed the U.S. is a good place to live.
58% believe that new technology poses a greater threat to job security.
23% fear losing their jobs to technology.
76% believe artificial intelligence will transform the way people live and work.
73% believe artificial intelligence adoption will lead to net job losses.
As there is no single property market in any country, so there are also not many conclusions we can draw from the threat of technology and automation.
Many people are prone to making exaggerated predictions about widespread job loss, especially when they consider demographics, economics and job creation.
There are some limitations to automation
Let’s be very clear.
Every country, every geographical location, every job market, and every industry are very different. Demographics can be very different. Economic growth is also different. Organisations can be very different.
It is false to say that robots will take over our jobs.
(I have used the term “automation” for the purposes of this article to encompass robotics, artificial intelligence and all things technological.
Technology deployment comes with a cost. It is important for organizations to prove and justify the costs of any technological solution. It is easy to predict that automation will replace our jobs. However, some companies may find the cost prohibitive.
Organizations may not be able, depending on their country and geographic location, to justify huge financial investments in technology. There may be plenty of cheap labor. It may be difficult to access capital and technology. It is possible that there are not enough people with the skills needed to implement and maintain new technologies.
It must be practical and can be integrated into solutions that automate specific tasks.
It is not necessary that the cost of developing and deploying solutions be prohibitive.
Alternatives to automation may be possible due to labor market dynamics, including supply and demand as well as the labor costs.
These new technologies could have tangible economic benefits, such as higher throughput, improved quality, and labor-cost savings.
It is important to determine whether the technology is accepted by regulatory agencies and other stakeholders.