How Will Machines and AI Change the Future of Work?
Several recent studies have examined how machine automation and artificial intelligence (AI) will change the future of work.
The Rand Corporation recently issued its own report on the future effects of automation and AI on jobs and the workplace. Osonde Osoba was a co-author of the report.
In 16th century England, Queen Elizabeth famously refused an inventor’s request for a patent for a device to make material for clothing. The Queen explained that the device would lead to major job losses, forcing affected workers to become “beggars”.
The McKinsey Global Institute has also studied the issue. Its research suggests that up to one-third of work activities across 46 nations could be displaced by 2030.
Rand Corporation’s Osonde Osoba agrees with McKinsey. He also thinks that it will be very difficult for companies to completely automate most jobs, because they require a worker to perform many different duties and to react to unexpected situations.
A.Osoba says this can be problematic for machines, which do not understand cultural norms in the population. |
B.McKinsey identifies three job types that will be very difficult to replace with a machine. |
C.He noted that fears over machines taking jobs from humans goes back centuries. |
D.The study also predicts rising demand for educators, and “creatives”, a group of workers including artists, performers and entertainers. |
E.The study says automation will also raise productivity and economic growth. |
F.Osoba agrees there will be major job destruction due to AI and automation, especially for lower skilled workers. |