Robots And Intelligent Algorithm To Take Over Jobs

It is estimated that between 35 and 50 percent of jobs that exist today are at risk of being lost to automation.

Repetitive, blue collar type jobs might be first, but even professionals — including paralegals, diagnosticians, and customer service representatives — will be at risk.

This isn’t just science fiction, it’s happening now. Manufacturing are the first places we see robots and automation eliminating human jobs, but it’s hard to think of an industry that will be left unaffected as robots and AI become more affordable and widespread.

Rather than fight this advancement and wring our hands over the robots “stealing” our jobs, maybe it’s time to envision a jobless future.

Most people are in jobs they don’t particularly enjoy, with lots of mundane and repetitive tasks. Is it not our obligation to pass those jobs to machines?

What would a jobless future look like?

All these technological advances that we are creating today — big data, artificial intelligence, robotics, the Internet of Things — represent a significant challenge to capitalism.

The more we automate and systematize, the more we see jobless growth and productivity. Taken to its logical extremes, we have a paradox of an exponentially growing number of products, manufactured more and more efficiently, but with rising unemployment and underemployment, falling real wages and stagnant living standards.

In other words, more products produced more cheaply and efficiently — but no one able to afford to buy them.

In fact, it’s already begun.

Culled from LinkedIn