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Jobs Being Replaced By Robots
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Robot Vs Human: Will Ai Replace Workers?
The fear of robots coming for your job is one of the many challenges facing 21st century workers, but machines aren’t ready to take over every industry yet.
Bridgewater Associates, the giant hedge fund founded by legendary investor Ray Dalio, just released a report on the changing relationship between labor and capital in the United States.
One important factor highlighted by the Bridgewater authors was the continued increase in automation in industries, which they noted could support corporate profits in the coming years as more efficient robots and software potentially replace human labor. They are slower and prone to errors.
Bridgewater cited a 2016 report from consulting firm McKinsey & Company that examined which industries in the U.S. are most susceptible to automation.
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The McKinsey report used data from the Department of Labor to estimate how much time workers in different industry sectors spend on different types of tasks, and which of those tasks could, in theory, be automated using current technology.
McKinsey noted that tasks such as physical labor in a predictable environment, such as a fast-food restaurant or factory assembly line, and basic data processing, such as tracking payroll accounting, can be easily done using robots and software. The software that is now available to us will be automated.
Meanwhile, other tasks such as managing human employees or performing physical tasks in a chaotic environment, such as cleaning a messy kindergarten classroom, can be automated with current technology.
According to a McKinsey analysis, this chart shows the estimated average time spent by workers in each industry sector for tasks that could theoretically be automated using current technology:
Chart: Rise Of The Robots
Workers in industrial sectors such as food service and manufacturing spend most of their time performing physical tasks in a predictable environment and are therefore susceptible to automation.
Meanwhile, industries like education and healthcare involve much more interpersonal work and use deep expertise, competencies that current robots and software lack.
McKinsey noted that their analysis focused on what tasks could be automated using current technology, which doesn’t necessarily mean those jobs will actually be done by robots and software.
Other economic and social concerns, such as the cost of labor relative to new investment in advanced machinery and people’s desire to have robots do things like serve them food, are likely to be important factors in whether or not various jobs and tasks are automated. According to this report.
Will Robots Take Our Jobs?
The report also noted that the increased use of technology does not necessarily mean that jobs in these industries will disappear entirely.
According to McKinsey, few jobs are entirely made up of tasks amenable to automation, and so if machines start doing the tasks they’re good at, humans in those jobs may spend their time on responsibilities that They are only good at changing.
Now watch: Ray Dalio shares what he learned from his succession plan at the world’s largest hedge fund. Indicates a way to close an interaction or dismiss a notification.
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Will A Robot Take Your Job? It May Just Make Your Job Worse.
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But don’t let these distant predictions lull you into a false sense of security. In many workplaces, they are already here.
To find the most automated jobs in America right now, we checked the Occupational Information Network (O*NET), a US Department of Labor database that compiles detailed information on hundreds of occupations.
O*NET rates the “degree of automation” for each job on a scale of 0 to 100, where a higher rating indicates more automation. Jobs with a score of around 50 are considered moderately automated, while jobs with a score of around 75 are considered highly automated. (A score of 100 has not yet been achieved, but indicates a fully automated job.)
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Here are the 12 jobs with the highest degree of automation, as well as the pay and the rate of job growth or decline through 2024 (where the average job change is projected to be 6.5 percent growth), according to the U.S. Bureau of Labor Statistics. statistics.
These jobs have an automation score of 65 or higher and are ranked from highest to lowest automation score.
Rachel Gillette is a senior lifestyle editor at Insider, overseeing a team covering travel, home, alternative living, photography and visual features. He was formerly the Visual Features Editor of Insider Inc. and was the jobs editor at Business Insider. He previously wrote and edited for the leadership section of Rapid Enterprise. His work as a multimedia journalist has been featured on PopPhoto.com, AOL.com, The Huffington Post, and around the world. He graduated from Rutgers University with a degree in Journalism and Media Studies and German Studies.
Anaëleis Business Insider graphic intern. Originally from France, he majored in graphic design and philosophy before moving to New York to earn a master’s degree in design at the School of Visual Arts. Since then he has worked for various graphic design studios.
Brace Yourself: These 10 Jobs Are At Risk Of Being Replaced By Ai In The Near Future
WATCH NOW: Reddit co-founder Alexis Ohanian on robots taking over jobs: ‘There’s no way a robot is going to replace my hairdresser’ About 1.5 million people in the UK are at risk, according to the Office for National Statistics are on the verge of losing their jobs due to automation. ONS).
The organization says 70 percent of roles at high risk of automation are currently held by women. Part-timers and young people are next at risk.
The ONS analyzed the jobs of 20 million people in 2017 and found that 7.4% of them were at high risk of being replaced.
The ONS defines automation as tasks currently performed by workers being replaced by technology. This can mean computer programs, algorithms or even robots.
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The three jobs most likely to be automated are waiters and waitresses, shelf fillers, and entry-level sales jobs, all of which are low-skilled or casual.
The ONS says: “It’s not so much that robots take over, but that routine, repetitive tasks can be done faster and more efficiently by an algorithm written by a human or by a machine designed for a specific function.
The organization added that it examined job automation because it could affect the labor market, the economy and society.
The ONS says there are now fewer jobs at risk of automation than in 2011, down from 8.1% to 7.4%, but the proportion of jobs at low and moderate risk of automation has increased.
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It says the exact reasons for the decline in the proportion of roles at high risk of automation are unclear, but it is possible that automation of some jobs has already happened: “For example, personal checkouts in supermarkets are now a common sight, which is driving the decline. The need for the number of employees who work in the funds.
While the overall number of jobs has increased, the majority of those jobs are in low- or moderate-risk occupations, the Census Bureau says.
This suggests that the labor market may be shifting to jobs that require less and more complex skills.
“What is most worrying is the speed at which the biggest players are delivering these changes,” says Maja Korica, associate professor of organization at Warwick Business School.
The Robots Are Coming!
If you consider a company like Amazon, it introduced over 50,000 new bots in 2017, a 100% increase over the previous year. Estimates suggest that 20 percent of its workforce may already be made up of robots.
“Policymakers and business leaders need to think about how they can work together to tackle these problems.”
Automation isn’t just about robots or self-driving cars, it can also include computer programs and algorithms, but the message from this analysis is clear: the more trained and educated you are, the less likely you are to lose your job. .
So, although all those self-checkout terminals in your supermarket take a lot of work and jobs away from store staff, the head of marketing at Sainsbury’s is probably safe. At the moment
Are Robots Competing For Your Job?
It’s the mundane, repetitive tasks that are best done by machines, whether it’s adding up long columns of numbers or filling boxes with baked beans, but it’s also true that more and more complex tasks can be outsourced to a series of things. Divided and breaking. Simple tasks, each
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