Is too much automation threatening jobs??
Every company, be it a tech or non-tech company has taken up the path of automating its services. According to a report, it was found that the introduction of automation will lead to the elimination of around 6 per cent of all jobs in the states as early as next year. There are various reports that predict that by 2030, there can be around 800 million jobs taken over by automation.
So, will automation take over our jobs?
Yes and No.
Apparently, not every country will be equally affected. The changes won’t hit everyone equally. As per reports, only about 10 per cent of the existing occupations stands to be completely automated if today’s cutting-edge technology is widely adopted in use, while in less than around 70 per cent of jobs, one-third of activities will be automated, i.e. it will be semi-automated.
There are many types of automation available in the market. And not everything is the same. There are a few types such as:
1. Industrial Automation (IA)
This is the most used automation commonly found in the industry. There are various uses for robots and other automated machines in industrial settings of manufacturing and production. 3D printing, vehicle production, electronic goods production are the most beneficial sectors of this automation. This sector has seen the most job losses due to automation in recent years.
2. AI and other technological automation
This involves a company to transfer its basic non-manufacturing processes to automated process and seek ways to improve efficiency by reducing human labour
But the sectors outside of manufacturing, low-level administrative functions will most likely decline in the short term. The jobs in data entry, analysis, office support occupations, and customer care and reception are some of the sectors which will not observe any significant levels of automation or any such loss of work for humans.
Will automation lead to loss of human employment?
Yes. However, as mentioned before- not all countries will be hit by this equally.
The effects of automation on work will vary differently in most countries. Highly developed economies are likely to be hit hardest by the coming changes.
So, what's the future of this automation?
There must be initiatives set up by countries which could help offset the disruption caused by automation. Some of these are being pursued while others remain at the conceptual stage as policymakers and investors work out how to deliver outcomes.
At the same time, this automation must be dealt with properly by the industries, and proper law formulation must be done to ensure that the job losses get reimbursed and the technology remains beneficial for all.