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Sunday, June 20, 2021

AI, Automaton, Replaces Jobs in 2021?

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AI, robots, automaton takes over manual labor, services; replaces 800 million jobs globally by 2030

Robots have taken their place in dangerous labor. However, easy jobs are slowly replaced by A.I., thanks to smartphones and internet connectivity. In 2021, as the world reels from lockdowns, huge retailers need not hire new employees for jobs digital technology can do.

Millions will lose their job in 2030

Four years ago, a forecast of up to 800 million global workers may lose jobs by 2030. They will be replaced by robots and A.I., McKinsey predicted. Machine operators and food workers will be hit hardest. [BBC]

Huge retailers need not hire new employees for jobs an A.I. can do.

Companies resort to A.I.

In 2019, biggest superstores Walmart, Target, Costco began to adopt self-service lanes. By 2021, at least half of their check-out registers can operate without a cashier—the same with McDonald’s, which rolled out a self-service digital kiosk in 2018.

Contact-free checkout

Wal-Mart introduced its ‘Contact-free checkout‘ in May 2020 by using smartphones to check out. Aside from easing COVID fears, it also saves money by removing the need to employ people to make the whole system of check-out and inventory work.

Banking, finance, and retail

In banking, finance, and retail, A.I., is slowly taking over sales marketing, accounting, and customer service. Internet-based products rely on an algorithm generated by A.I. that makes the job more efficient and cost less.

Elon Musk’s Neural Lace

One of the top college careers today is Data Science. Scientists produce conclusions based on a computer algorithm using quantum computing.

Tesla’s Elon Musk was beyond it by forging the development of next-generation neural lace. It’s basically “threads” to weave a computer attached to your brain.

AI taking over marketing, accounting, and customer service.

Revenues from the artificial intelligence (AI) software market worldwide from 2018 to 2025 (in billion U.S. dollars).

16 Jobs AI Can Replace in 2021

Accountants
Bookkeeping Clerks
Cashiers & assistants
Computer Support Specialists
Couriers
Doctors for general medicine
Factory Workers
Market Research Analysts
Managers Mid-level
Proofreaders
Receptionists
Retail Representative
Security personnel
Sales Representative
Telemarketing
Teachers (Non-academic)

China’s economic success was ‘cheap labor.’

Cheap Labor was China’s strength

Seventy years ago, China’s Mao Ze Dong believed machines would eventually replace manual jobs. The reason “hard work” and “hard labor” instilled during the cultural revolution. One of the reasons for China’s economic success was ‘cheap labor.’

Naturally, Biden’s wage hike to $15 per hour nationwide forces big companies to resort to AI tech. Small businesses will be on the losing end.

Will AI Take Over the Jobs? – Jack Ma Speaks on AI Vs Machine Learning Vs Data Science.

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