Advances in Technology and Jobs

Running head: ADVANCES IN TECHNOLOGY AND JOBS
Advances in Technology and Jobs
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ADVANCES IN TECHNOLOGY AND JOBS
Introduction
The industrial revolution, automation and technology are the catchphrases in today’s
society, business organisations and workplaces as a whole (Bessen, 2016). A bulk of
researches has been conducted on the advancement of technology considering the positive
and negative impacts of business industries and workplaces. Most of these researches have
come up with the major impacts and their potential solutions to technological advancements
(Parwani et al., 2018). A critical point to note that none of these researches has been able to
provide a concluding solution whether the robotics and artificial intelligence are better for the
workplaces (Fleming, 2018). As evidence suggests, the job curtailing due to the technology in
most of the industries; an immense focus has been putting on the future workplace regarding
the required human skills, capacities, and knowledge for dealing with the technological
revolution (Marler and Liang, 2017). However, this essay includes a critical discussion on the
advances in technology and jobs. Firstly, the impacts of robotics, AI, and other technologies
on jobs have been discussed here. Next, the numbers of industries that are affected by the
technology are also shown. Finally, solutions spaces to deal with these problems have been
discussed with a proper conclusion.
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ADVANCES IN TECHNOLOGY AND JOBS
Currently, we are living in a world where technology is consuming the human
capacity and is growing at a faster pace than the humans do (Bessen, 2016). The Industrial
Revolution, the development of artificial intelligence and robotics are considered as the most
interruptive technological movements in future (Parwani et al., 2018). Apart from these
robotics and artificial intelligence, 3D printing and resource-efficient sustainable production
are the other factors of technology that could manage and make products and offer services
(Fleming, 2018).
The human resources and capacities are replaced by the robotics and artificial
intelligence and these will be the growing concern for future work, since the numbers of jobs
are curtailed due to huge advancement in the technology (Marler and Liang, 2017). The
technological progress is sometimes referred to as the “technological unemployment”, which
limits more jobs from being created (Fleming, 2018). While, the humans are still required to
initiate the process and drive the software, robotics and AI would be undoubtedly able to
operate them accordingly and thus reducing the number of jobs (Bessen, 2016).
However, the World Economic Forum has predicted that around 5 million jobs will be
lost by 2020 in 15 developed nations, due to the acceleration in technological advancement
(The Economist, 2018). A much-cited Ball State University study found that the US
manufacturing industry is overviewing the job loss in this millennium with the core
advancement in automation. Robotics and AI are also replacing these jobs of repetitive tasks,
routinized works, and mechanical workshops (Fleming, 2018). Humans are thought to be used
in interpersonal communication and subjective judgement. The MGI research on the automation
potential, conducted a research on 46 countries that represented that 80% of the total global
workforce is examining 2000 work activities (The Economist, 2018). The qualified technical
feasibility automation is absorbing the workplace within the findings of MGI research on the
automation.
AI and robotics and other technological advancements are affecting the multinational
and the largest industries are confined in the people’s mind (Fleming, 2018). The actual
scenario is quite different than the thoughts of many people. Every piece of industry and
commercial sector is getting affected by the technological advancements (Marler and Liang,
2017). Travel websites such as Travelocity, Expedia, and Kayak are exponentially
eliminating the needs of human capacity in the travel agencies (The Economist, 2018). The
newspaper industry is also curtailing the jobs tremendously, since they are focusing more on
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