This brings up an absolutely critical question, what kinds of jobs are being created and what kinds of jobs are being destroyed? Just the opposite. Artificial intelligence (AI) is no longer a thing of science fiction, it exists in the world all around us, automating simple tasks and dramatically improving our lives. Certainly not without significant training and education. Looking back on history, it seems reasonable to conclude that fears and concerns regarding AI and automation are understandable but ultimately unwarranted. The underlying technology of the robot might be adapted, but at best that still only addresses manufacturing. The number of operational industrial robot jobs increases by 14% annually. The incentives for people, companies, and governments are too great to think otherwise. “During the Industrial Revolution more and more tasks in the weaving process were automated, prompting workers to focus on the things machines could not do, such as operating a machine, and then tending multiple machines to keep them running smoothly. As per another Mckinsey report, AI-bases robots could replace 30% of the current global workforce. . A well-placed poke in someone’s Broca’s area and voilà—that person can’t process speech. “Simply put, jobs that robots can replace are not good jobs in the first place. Jobs like these can be meaningful on both a societal and personal level, and many of them have the potential to generate real revenue—just not the 10,000 percent returns that come from investing in a unicorn technology startup. Tim co-founded four entrepreneurial ventures, including a VC-funded computer graphics company, and for several years provided real estate consulting to major corporations. Job loss concerns related to Artificial Intelligence has been a subjectof numerous business cases and academic studies. There are many things that are different now than in the past, and these factors give us good reason to believe that the future will play out differently. If you had to point to a technology that looked as though it would replace people, the ATM might look like a good bet; it is, after all, an automated teller machine. Seven in ten Americans, six in ten Canadians, and six in ten U.K. residents believe the advent of artificial intelligence will eliminate more jobs than it creates. When fear or concern is raised about the potential impact of artificial intelligence and automation on our workforce, a typical response is thus to point to the past; the same concerns are raised time and again and prove unfounded. Rather, Jesus gives us a business owner whose priority, above some reasonable level of profit, seems to be maximized employment instead — exactly the approach to business that Kai-Fu Lee believes can save us from the job-loss apocalypse on our horizon. Not just a shortage of good jobs, mind you, but a shortage of jobs, period. Technology-driven societal changes, like what we’re experiencing with AI and automation, always engender concern and fear—and for good reason. Now, those are the skills quickly being overtaken by AI. “Whereas the Industrial Revolution took place across several generations, the AI revolution will have a major impact within one generation.”, And because AI success largely accrues to those with the most data, its natural effect is toward monopoly and winner-take-all economics. After continuing to reflect and learn over the past few years, I now think there’s good reason to believe that while 99% of all current jobs might be eliminated, there will still be plenty for humans to do (which is really what we care about, isn’t it?). I’m going to tune my business engine to create more jobs than are absolutely necessary. At the minimum, by overhauling our entire education system and providing means for people to re-skill. The Wall Street Journal, The Robots Are Coming. 558. shares. Grant Freeland Contributor. In this article, we’ll take a look at both some optimistic and pessimistic views of the future of our jobs amidst increasing AI capabilities. Welcome Them. Consider Moore’s Law: the number of transistors on an integrated circuit doubles roughly every two years. If you had predicted in the early 19th century that almost all jobs would be eliminated, and you defined jobs as agricultural work, you would have been right.