Evolution of Job Markets and Future Trends

It took 50 years to adopt electricity, 30 years to adopt radio, over 13 years to invent mobile phones and only 7 years to invent World Wide Web. In the next 20 years world population may reach 8 billion. There may be a drastic growth in the middle-class population from 1 billion to 3 billion in the near future. This proliferation enhances economic and social sector, driving significantly in the cases of demand, goods and services. China will be the most dominant world’s largest economy. Asia’s GDP and population will be greater than that of North America and Europe. 60% of the world population lives in big cities, 1.5 billion more now are entering world’s labor market.

Today, 775 million adults are illiterate, 61 million had not even stepped to primary schools and 75 million young people aren’t working.

On the other hand, the disruptive change in business models have been making an impact on employment landscape promoting employment to grow up rapidly. The growth of e-commerce and technology leads to the new job ecosystem that brings a wide range of employment. The modern era focuses on the jobs in traditional sectors which are new.

It is expected that only 33% of jobs that are existent today, would be existing in 2020. Automation will be replacing everything. Machines think more efficiently than humans because they use different algorithms. Almost AI makes a big impact in all the sectors. Modern industry uses Robotics, Biotechnology, Deep Learning, Machine Learning, 3D Printing, Drones, Augmented Reality, and self-driving cars and so on. 30 years from now, these technologies will be adopted in our daily lives like our smart phones, computers and electricity.

In the future of work, technology is the central nervous system of the organizations that enable every part to work together uniformly. Enrichment in technology and greater connectivity between computer systems will lead to Artificial Intelligence allowing manufacturing systems to learn from experiences in order to ultimately realize a connected, intelligent, and ubiquitous practice. In addition to manufacturing and 3D printing, clouds of some industries will have larger demands. We have seen such breakthroughs in medical and life sciences sectors such as graphene and gene editing applications earlier.

Hence, it is imperative for the academia to refurbish its syllabus and pedagogy periodically in order that the future workforce makes an easy migration into the futuristic industry. Here is a list of potentially possible new jobs:

  • In-store 3D fabricator - This technology makes use of printing in retail industries on demand.
  • Domestic Robotician - Supply, maintain and monitor robots at home.
  • AI Trainer - Training young talents in the field of automation industries.
  • Nanobot Immune Systems Augmenter - Kills diseases and provides physical health.
  • Human DNA programmer - Helps in reprogramming human DNA.
  • Cosmetic Bio Printer - Helps looking young by changing appearance and by removing existing flesh.
  • Vertical Farmer - Cultivating and growing lettuces in Skyscrapers.
  • Climate Engineer - Climate engineers work with geo engineering system to control Global Warming.
  • Data trash detectors - Someone who clears unused blogs and unwanted posts.

About the Author

Prof.S.Balakrishnanhas 18 years of experience in teaching Computer Science subjects. He has published more than 15 books and 100 publications in highly cited Journals. His research interests are Artificial Intelligence, DBMS and Compiler Design.

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