The nature of work is changing. From the introduction of industrial robots, to the growth of artificial intelligence, more jobs are disappearing or being taken over by technology. How will your business be affected?
Robotics have been slowly taking over jobs in industrial manufacturing for years. In the 1990s, there was less than one industrial robot for each one thousand workers. By the 2000s, there were more than two-and-a-half. It’s no surprise that robots are appealing to manufacturers, with 1 robot doing the work of nearly 6 people, robotics are a great way to cut operating costs.
Overtime, the value of large companies has grown, while their workforce is constantly shrinking. As artificial intelligence becomes more common, more industries will start to move away from human labor. The Associated Press already publishes articles written by A.I. and in healthcare, A.I. is used to help analyze patient history and genetics to create individualized cancer treatment plans. By 2033, almost half of American jobs with be at risk of automation.
As more jobs disappear, the way people work is beginning to change. American value their jobs, and are unlikely to quit working altogether. Since 2010, employment in temporary help services has grown over 50%. These gigs, like Uber drivers and finding small jobs on TaskRabbit, make workers compete for smaller bits of work, rather than trying to land a full time job.
The growth of gig work is a hint of what’s to come in a world where robots and A.I. do most of the real work for us. Small business owners should note the benefits these jobs offer, like being about to set your own schedule or pick up more jobs for a extra income. How can you help your business be ready?
Check out this infographic to learn more about what a world without work could look like.
Infographic Source: Online Schools Center