Disappearing Jobs

 

 

Based on a recent evaluation of 800 different occupations, it’s estimated that one-fifth of the global workforce will be displaced by automated technology over the next decade.

The biggest losses, to begin with, will be in manufacturing, service industries, core business functions, and construction.

These trends encompass jobs that require any type of analysis, repetitive actions, or manual labor.

 

Examples of occupations in danger of disappearing are ...

*Fast food preparation and service 

*Accounting, financial planning, and insurance underwriting

*Data entry and clerical work

*Logistics and freight shipping

*Photographic processing

*Telemarketing

*Tailors and seamstresses

*Repair work

*Transportation

     

From another source …

*Travel agent

*Cashier

*Customer service

*Warehouse and manufacturing job

*Fast food cook

*Retail worker

*Proofreader

*Courier

*Construction worker

*Mail carrier

*Bank teller

*Textile worker

*Printing press worker

*Sports referee/umpire

*Door-to-door salesman

*Telephone switchboard operator

*Car park attendant

*Sewing machine operator

 

Areas seemingly safe from full automation will be …

*Occupational, recreational, and physical therapists

*Elder and child day care workers

*Social workers

*Mental health and substance abuse counselors

*Emergency services managers and first responders

*Psychiatrists

*Dentists

*Computer systems analysis

*Robotics engineering                   

*Research and development sciences        

*Nutrition and wellness services

*Real estate development                     

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As AI (artificial intelligence) and ML (machine learning) have advanced, human labor is no longer necessary for certain tasks in the workplace.

Some jobs are more easily transitioned to automation than others.

It’s important for those who are in, or are soon to enter, the workforce to develop the skills needed for new opportunities that will arise (problem solving, creativity, people-management skills).

 

Closer to home …

Workers in Singapore will be hit hard by technological disruptions, with the Republic’s labour market set to face the largest degree of job displacement regionally in the next decade, based on a study on the impact of AI on workers in six South-East Asian economies.

Data showed that about one-fifth of Singapore’s full-time equivalent workforce (20.6%) will have their jobs displaced by 2028.

 

The facts speak for themselves.

We live in times where job security is quickly evaporating.

Job-wise, the more fortunate ones are those who are no longer looking for jobs (fast approaching retirement age, or already retired).

The majority of those who are still in the work-force, will need a paradigm shift in their expectations, and quickly adapt to a new set of skill-sets.

 

Areas which were (misinformed) treated as ‘taboo’ may have to be revisited and reviewed.

The concept of (slow) Passive Income may necessarily have to be revisited and reviewed.

Must be adaptable to change, as you will have to inform your views.

Which leads us to an associated article on …..  Network Marketing.

 

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