Why artificial intelligence is taken jobs away forever? | MASTER INVESTOR | FINANCIAL EDUCATION

How to invest for Cash Flow with stocks?

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All we need is a change of mindset. Once we move from the left to the right side of the cash flow circle, robots and other developing technologies become exciting opportunities, not threats to our security.

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Is technology replacing human jobs?
When we think about robots taking over jobs, we are probably picturing blue-collar workers on an assembly line at a large manufacturer. Well, according to analysis firm Oxford Economics, robots could replace up to 20 million manufacturing jobs around the world by 2030 — so we are not wrong. But assembly lines aren’t the only jobs that could get caught in the technology crosshairs.

A Brookings Institution report says roughly 36 million Americans hold jobs with “high exposure” to automation — meaning at least 70 percent of their tasks could soon be performed by machines using current technology. This includes cooks, waiters and other food services roles, short-haul truck drivers, and clerical office workers. If you’ve been in an Olive Garden, Applebee’s or Chili’s recently, you probably noticed its tabletop tablets, which allows customers to order and pay at their tables through the device — goodbye servers and cashiers!

Dozens of other professions are also at risk, as technology replaces human jobs across the board. For example, cab and Uber drivers will need to find new employment once self-driving cars become more common (it reduces human error and makes companies more profitable, so it’s going to happen), telemarketers and customer service agents are being replaced by chatbots that are getting smarter by the minute, and even healthcare workers are being shoved aside by robots that can perform surgery with enhanced precision. There’s speculation that lawyers, journalists, soldiers, and pilots are on the chopping block, too.

No job is safe from robots
It seems that almost everyone will have to face the reality that their job today might be gone by tomorrow. This is nothing new. We've been saying for years that the traditional job is becoming obsolete, and a surefire way to stay stuck in the rat race. But many people aren't prepared for the radical changes coming our way.

Read entire blog here: https://www.masterinvestor.education/pages/blog?p=why-artificial-intelligence-is-taken-jobs-away-forever

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