Will A.I. Automate Many Jobs?

The prospect of?job disruption by A.I.?is one of the most fascinating questions of the 21st century to me.

I will be re-visiting this question many times in the articles ahead in this Newsletter (AiSupremacy) and try to uncover some data, predictions and answers.

My main place for writing articles on artificial intelligence is?AiSupremacy ?which you can subscribe to here. I cannot continue to write however without community support.

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Think about the convergence of technological innovation taking place:

• Automated warehouses
• Robotic manufacturing
• Software automating repetitive office tasks: e.g. Robotic Process Automation (RPA)
• A shortage of truckers resulting in greater adoption of autonomous trucking and logistic systems.
• Chat bots that are replacing customer service agents
• Artificial intelligence involved in human resources, marketing, R&D around drug development, medical transcription, EMR, the legal industry and countless others.

Clearly a lot of jobs in retail, manufacturing, trucking, office work (including marketing and sales) and customer service will in the years ahead likely be somewhat disrupted by these developments. Will A.I. create as many jobs as it will disrupt?

A.I. and Automation Is Accelerating

As Artificial intelligence is poised to eliminate millions of current jobs and create millions of new ones, many of the new ones will be high-skilled labor and those disrupted won’t have an easy time finding work.

We have around 5 million less jobs in the U.S. than we did before the pandemic. Many of those are women and those over 55. The Great resignation has caused major labor and talent shortages which significantly increases the pace of automation in society globally.

Many of the services jobs today where labor shortages are taking places will have greater incentives for automation due to wage increases that aren't sustainable for those business models.

The dislocation in the restaurant, hospitality, and hotel industry leads to new ways to service future customers. Robots delivering us food or items is no longer science-fiction. Just as those at the Beijing Olympics of 2022.

• Staff shortages in hospitals, schools and other social services will clearly lead to new innovation to solve these issues and lower the cost of healthcare and education.

We are Entering a Period of Technological Disruption of Work

The consensus among many experts is that a number of professions will be totally automated in the next five to 15 years. Others will be augmented in a AI-human workforce for instance in the legal, financial, and medical professions.

In an essay posted on Medium, AI guru Kai-Fu Lee — CEO of Sinovation Ventures and author of the 2018 book “AI Superpowers: China, Silicon Valley, and the New World Order” — posits that 50% of all jobs will be automated by AI inside of 15 years. While I do think that’s an exaggeration, we have to be aware of what’s going on as A.I. is adopted in all industries at the same time globally.

Automation and the Augmented Workforce is the Future of the Labor Market

Could the optimization of today lead to the disruption of tomorrow?

Machines have been making jobs obsolete for decades and centuries. But what happens when machines become smarter exponentially? One study estimates that about 400,000 jobs were lost to automation in U.S. factories from 1990 to 2007.

The 4th Industrial Revolution is an Automation Story

I wonder how many jobs will be lost to smart automation in the 4th industrial revolution during the 2022 to 2052 era? Those accountants, factory workers, truckers, paralegals, and radiologists of the past won’t exist any longer.

The new narrative of Silicon Valley and the World Economic Forum is that A.I. will create more jobs than it disrupts. You can find many studies by big names online that suggest this to be the case.

You can read the rest of this article here.

My main place for writing articles on artificial intelligence is?AiSupremacy ?which you can subscribe to here. I cannot continue to write however without community support.

https://aisupremacy.substack.com/subscribe

Comments:

1. What do you think, will massive automation take place in the 2020s, how will it impact the industry where you work?
2. Will A.I. disrupt or create more jobs in the short-term?