Is IoT the Death of the Higher Paying Job?
IoT is going to kill jobs. There’s no way around it and there is no fix for some of it. IoT is going to change the way that we are going to go business and many jobs are simply going to evaporate because of the things that IoT can offer us.
Sound like a sweeping gloom and doom statement? Really think about it. There’s no doubt that the Internet of Things and AI are going to be one of the biggest challenges in the future.
Just the onset of self-driving cars and trucks brings the capacity to put millions of people out of work permanently.
The manufacturing sector is reeling. Decades of lower purchasing, higher pricing, poor job growth have nearly killed the beast and as if that were not enough, along comes the IoT with the ability to take over and do many manufacturing jobs better than people can.
Computers are learning to do jobs that require thought and that means that all of the sudden we have many hundreds of thousands of people who simply are not worth a lot in the workforce.
According to Venture investor William Davidow and Harvard review tech writer Michael Malone“We will soon be looking at hordes of citizens of zero economic value.” They continue“Figuring out how to deal with the impacts of this development will be the greatest challenge facing free market economies in this century.”
The duo of cognitive computing and IoT are poised to threaten more than just lower or mid sector jobs, they will, when used together, threaten even some of the most prestigious and upscale jobs because computers will be doing the jobs requiring thought as well as the jobs requiring mechanical skills.
How can we future proof our jobs with the steady march of AI, IoT and cognitive computing? What’s next for us?
Our next segment examines some of the jobs that will be lost as well as the new opportunities and newly made jobs that will inevitably crop up in the wake of job loss from AI or/or IoT. The third article in the series explores how to future proof your job in an IoT era.