Technology is replacing jobs. Are you ready?
FULL TRANSCRIPT
what can we do to protect ourselves from
robot automation the CEO explained that
machines will replace traditional labor
this is all about artificial
intelligence and how much faster it can
process human labor is never going to be
cheaper as we get more advanced and
we're just going to have to adjust to
that and deal with the
results for 3.3 million years humans
have developed Technologies to make our
lives easier
these inventions made us more efficient
and meant we didn't have to spend as
much effort working to
survive but each new development came at
a
cost when bronze tools were invented all
the guys who made stone tools were
driven out of work and when iron tools
came came along all of the bronze
workers lost their
jobs when the Industrial Revolution hit
it wiped out the livelihoods of millions
of cobblers and Weavers who had to adapt
or get left
behind and this process continues
today only now it's happening faster
much much faster
all kinds of routine jobs have become
automated in the past few years thanks
to breakthroughs in Technologies like
Robotics and radio frequency
identification Computing and high-speed
networking and at the same time another
powerful force globalization is making
it easier for companies to move jobs
overseas where wages are lower and
regulations are less
stringent in the past 20 years the these
two forces technology and globalization
have wiped out millions of American jobs
in manufacturing from Detroit's autop
plants to North Carolina's textile
mills and it's not just manufacturing
jobs we're now entering a dramatically
new phase where High skill jobs are also
at risk here's
why since
1965 computer processing power has
roughly doubled every 2 years
all of the computing power that
controlled the Apollo Mission To The
Moon can now fit on the chip inside your
smartphone and in a few decades
computers will be thousands of times
more powerful than they are
today already computers use artificial
intelligence to easily beat the world's
greatest Chess Masters recognize faces
understand spoken
language and even compose
music they can do many of the things
that we've always thought made is human
and that threatens many of the jobs
we've always thought were
secure take drivve in a vehicle which is
one of the top jobs in Most states in
America with driverless cars already on
public roads millions of truck drivers
bus drivers and taxi drivers May soon
find themselves obsolete
in hospitals hundreds of thousands of
jobs are on the line as computers learn
to analyze catch scans and biopsies
deliver low level anesthesia and even do
surgical
procedures and in restaurants hundreds
of thousands of cooks may be replaced in
the coming decades by machines that can
follow recipes perfectly without ever
taking a sick day or a smoke
break an Oxford University study
predicts that within 20 years years 47%
of all jobs are at risk of being
replaced by
technology that's over 70 million
people and at the same time
globalization is also affecting High
skilled jobs in ways that it never has
before law firms for example are
beginning to Outsource work to lawyers
in developing nations who are trained in
American law these lawyers can do legal
research and even review contracts for a
fraction of the cost of an American
lawyer now just as technology and
globalization destroy jobs it's
important to point out that they also
create jobs by generating new Industries
and new markets for American
Products we don't know exactly what the
future is going to look like but we do
know this millions of American workers
white collar and blue collar young and
old are about to face enormous
difficult
transitions we're living longer than
ever before and will'll be forced to
change our jobs more often than any
people in
history we're going to need to learn new
skills constantly throughout our careers
to keep from being left
behind this revolution in the job market
is not coming in the distant future it's
happening now and it's going to
accelerate
it's going to affect all of us our
friends our families and our
communities are you ready visit us at
workingnation tocom
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