Jobs and Skills of the Future

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To get into today's core idea. I WANNA start off by referring to a two thousand fourteen questionnaire by the Pew Research Center so here. Some two thousand experts in the field of technology both those building the actual technologies and businesses as well as those who report on. It responded to questions about the impact of automation technologies so this was actually quite a high level questionnaire and some of the experts for the chief scientists of say for example SALESFORCE DOT com. There's also the vice president of Google. Even the principal researcher for Microsoft. So I wanted to refer to this questionnaire as I think it really highlights the goal of these last two episodes and the podcast as a whole so we can start off with The first group so forty eight percent of all the experts envisioned a future in which robots and digital agents have displaced significant numbers of both blue and white collar workers with many expressing concern that this will lead to vast increases in income inequality masses of people who are effectively unemployable and breakdowns in the social order. But on the other side of this the other half some fifty two percent expect that technology will not displace more jobs than it creates by at least twenty twenty five to be sure. This group anticipates that many jobs currently performed by humans will be substantially taken over by robots or digital agents by twenty twenty five but they have faith that human ingenuity will create new jobs industries and ways to make living just as has been doing since the dawn of the industrial revolution. But does this second group of experts have any lakes stand on so we know that through history jobs and the skills required for those jobs have been changing drastically due to the technological advancements bringing about large changes so you can think about the large changes that we as a species have gone through from hunter gatherers to use an agriculture to the first industrial revolution electrification computerization and the start of the Internet as well as today's fourth industrial revolution. So each of these epochs or eras are I think easily visualized having massively different jobs and tasks and of course the different skills attached to them but have these shifts created more or less jobs. I think that the answer is quite apparent but The net impact of new technologies on employment can really be seen as strongly positive and this is shown in a two thousand eleven. Study by Mackenzie's Paris office and they found that Looking at one of the main technologies that was Believed to destroy Significant amount of jobs the Internet had destroyed five hundred thousand jobs in France alone in the previous fifteen years but at the same time had created one point two million other jobs. This is a net addition of some seven hundred thousand or two point. Four jobs created for every single job destroyed so furthermore one third of new jobs created in United States. In the past twenty five years were types that did not exist or barely existed and these were in areas including It development hardware manufacturing APP creation and IT systems management so think that the argument is quite similar anywhere. You look and is really based on historical fact as mentioned during this podcast if you follow this historical perspective the future has new and emerging technologies constantly creating new jobs that humans will need to do. But what is predicted about how? Tomorrow's jobs and skills and how they look like so. There are dozens if not hundreds of reports out there looking at trends and predicting what these changes will be so I specifically looked at a number of reports ranging from two thousand fourteen till eight two thousand nineteen made by some of the big hitters like the McKinsey Global Institute the World Economic Forum the European Commission the Pew Research Center and others as always links will be in the show notes. If any of you want to look more into depth in these issues I will attempt to point out. The main issues presented with a focus on two ideas. What are going to be. The main new jobs of the future and to what specific skills will be required to perform them so new jobs related to the development maintenance and upgrading of AI. Or artificial intelligence as well as big data infrastructures are among those expected to grow. Significantly so digital technology can also enable new forms of entrepreneurial activity workers in small businesses and self employed occupations can benefit from higher income. Earning opportunities and this leads to a potential. New Category of knowledge enabled jobs becoming possible as machines imbed intelligence and knowledge that less skilled workers can then access with little training. So I've used this podcast even a number of times to illustrate a similar point for example I am putting together a monthly newsletter that I hope to have ready in a few weeks rather than having to design every single part of it online tools with prebuilt templates make the process significantly faster and allows someone without any design experience to produce something with a good level of quality or at least I hope granted this is a very simplistic example without any embedded intelligence but I hope it helps to illustrate the standing on the shoulder of giants picture. This future scenario is trying to push so one of the central themes that runs through many of these future. Job Scenarios is how much emotional intelligence and human to human interaction is in the changing environment so as the routine and Monday jobs are more and more done by automated systems. This will open up the opportunity to have more human interaction than we do today or at least this is what it's forecasted to be so cognizance feature of work reports have actually been quite interesting in this regard as they build this idea into a future scenario. Where over forty new jobs are imagined up to around twenty thirty so you can look at the show notes for links to the two reports. That will list all the jobs but some of the more interesting ones. I'll list right here. So the first one is something called an augmented reality journey. Builder and this future job is envisioned to collaborate with engineers to create the essential elements for customers to move through any sort of augmented reality experience. The second one here is the genetic diversity officer and they are envisioned to construct and encourage adherence to a company wide genetic equity policy that includes an kind of forces genetic diversity The third one is something called a data detective and they will uncover meaningful business answers and recommendations by investigating data through sensors devices and biometric monitors as well as other things that are used in organizations one of the last ones is smart home design manager and they will help customers design and integrate technologies into their smart homes of course. But then again with this increased digital connectivity there is also the increased hacking and security threats and thus positions around this are bound to increase in number as well as in type so one possible Position for seeing that I thought was quite interesting. Something called a juvenile cybercrime rehabilitation counselor and their jobs will be to help the convicted cybercriminals to redirect their online talents towards ethical behavior for the betterment of society. So I think it'll be really interesting to see whether any or all of these envisioned positions will be created over the next ten years. I'm pretty sure that very few people were able to guess the new kind of positions and jobs that are created through the internet or through Ai. So I'm happy to see that cognizant was able to creatively come up with some potential jobs of the future but this leads us to the next point regarding skills if we assume that new jobs are continually created but also significantly change. Do we currently have the skills needed to take on these new shifting roles so the OECD two thousand nineteen future of work report estimated that thirty two percent of all jobs will change significantly in the future though it was quite unspecified as a half that timeframe extends to McKinsey estimates that globally. Three hundred and seventy five million workers may need to switch occupations by twenty thirty but many adults do not seem to have the right skills for these changes. And they say that six out of ten adults lack basic. Ict skills or even have no computer experience which was quite shocking for me to hear. This is compounded with the fact that out of all jobs that are done in the OECD. Highly skilled jobs have increased by twenty five percent over the last twenty years. And this is further compounded by fact that the jobs that are most exposed to automation appear to be those that require relatively low levels of formal education those that do not involve relatively complex social interaction and those that involve routine manual tasks so the World Economic Forum actually highlighted a list of the top ten skills needed in twenty twenty as compared to twenty fifteen. So list will be fully available on the website but all Name a couple the more interesting ones here so these actually fit quite well in what was talked about above so A number one. There's complex problem solving followed by critical thinking and third being creativity. Then four five and six. I'll have to deal with interaction with people so you have people management followed by coordinating with others and the six one being emotional intelligence so I think this is kind of interesting especially in taken. In contrast to the top ten skills that were listed in two thousand fifteen although a number of them are still the same. There are some like active listening or quality control. Which don't even make it into twenty twenty at all and this is just an a five year period of time. Which I think is quite astonishing as you would need to be constantly learning in order to keep up with ever changing New Skills that are needed and I think this is a good segue into one of the last point of this podcast episode in that in all of these Studies and reports that went over for this episode. One of the main central ideas that is pushed forward is that a constant lifelong attempt at learning new skills. new ways of dealing with people is perhaps the most important thing as we go forward into this new and constantly shifting future so to sum up those jobs growing the most by twenty thirty appear to be those that require higher education intensive use of social and interactive skills and at least a basic knowledge of

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