Research Brief: AI Will Put 10 Million Jobs At High Risk — More Than Were Eliminated By The Great Recession. Gig Economy Here.
Automation is coming after jobs, from fast food workers to accountants. We analyzed which jobs are most — and least — at risk, given factors including tasks involved, the current commercial deployment of technology, patent activity, regulations, and more.
Automation is coming after jobs, from fast food workers to accountants. We analyzed which jobs are most — and least — at risk, given factors including tasks involved, the current commercial deployment of technology, patent activity, regulations, and more. The shift from traditional manufacturing to computer-enabled industry took nearly a century. But the shift from personal computing to billions of smartphones, massive networks, and the IoT has taken just a couple of decades.
And the next phase of technological evolution is already underway: advanced neural networks that learn, adapt, and respond to situations.
With AI and automation advancing at a breakneck pace, society’s capacity to respond is being stretched to the limit. Automation is already all around us. Cities are seeing front-end automated restaurants like Eatsa gaining popularity, while in factories automation has already arguably been a part of life for years (if not decades) in the form of heavy industrial and agricultural robots.
Analyzing the automation landscape, we found that 10 million service and warehouse jobs are at high risk of displacement within the next 5 – 10 years in the US alone. This includes jobs like cooks and servers, cleaners and janitors, as well as warehouse workers. Meanwhile, nearly 5 million retail workers are at a medium risk of automation within 10 years. To put these numbers into perspective, estimates are that over a few years the Great Recession of 2007 – 2010 destroyed 8.7 million jobs in the US.
With the emergence of industry-specific AI, the effects of automation — initially felt in manufacturing — are seeping into retail sales, restaurants, e-commerce, marketing, and even software development.
More on https://www.cbinsights.com/research/jobs-automation-artificial-intelligence-risk/ From CB Insights