Our world is becoming increasingly automated, with robots quickly becoming a part of our everyday lives. Although automation may seem like a good thing, it's important to note that it brings with it many other consequences on the economy.
Between 2000 and 2010, automation eliminated 6 million jobs from the manufacturing industry. Now, automation is on the rise again. A study by the McKinsey Institute finds that as many as 375 million workers globally will need to completely switch industries and learn a new set of skills in order to find new employment by the year 2030 because their previous positions will have been automated. Further, the McKinsey source writes that 47% of jobs in the United States are at risk of being automated by 2030.
What this new wave of automation teaches us is that the labor market is perpetually changing. When considering what industry to go into in the future, it's important to weigh the opportunity costs of automation as well. After all, it wouldn't make logical sense to study and begin work in an industry that will most likely be taken over by robots soon.
This results in labor-intense and busy work positions decreasing, as those are the jobs most likely to be automated. In fact, a common analysis finds that any mental task a human could complete in less than a second will most likely be automated in the future. As we as high school students near the time of our lives where we enter the job market, it's crucial to keep in mind the looming proximity of automation and how it will affect our jobs in the future.
https://qz.com/1140956/automation-may-require-as-many-as-375-million-people-to-find-new-jobs-by-2030/
https://medium.com/age-of-awareness/universal-basic-income-is-an-inevitable-part-of-our-automated-future-3cc181d4778d
https://www.smartdatacollective.com/7-jobs-humans-can-do-better-than-robots-and-ai/
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