47% Of All Jobs Will Be Automated By 2034

Jobs are scare things now. Every company is fighting on both fronts. They don’t get right quality. And , jobs are shrinking for searchers. Population is increasing rapidly. At the same time, automation is catching up to reduce people. For the same job, now there are many contenders.

Business environment is changing rapidly. Hire and Fire is a policy. Frequent job appraisals are putting pressure for high performance. Young and dynamic people are needed who can deliver fast results. Recent survey said that 61% people wants to retire early. In fact, even in today environment, jobs are meaningless beyond 45, if you are sitting low. You have to go up in hierarchy to stay longer.

Automate each and every job is vision of every CEO. They are ruthlessly cutting jobs. Shifting jobs at lower wages country is not working now. Automation is only answer. OCR (optical character reader) ,robotics, cloud computing or big Data etc are coming up jobs. Unfortunate part is manufacturing is sick everywhere expect China. China too is fighting overcapacity problem.

Earlier Banks used to keep lot of buffer. Now they are biggest job eaters. They are ruthlessly cutting jobs. Banks were having lot of easy money flow. Now its not more there.

Mobile technology were great. It changed the entire working culture. Huge opportunities emerge in for sales boy and delivery boys in e commerce. Anroid applications are creating jobs. Hopefully they sustain. My doubt is they will be low paying jobs and more focus will be on end user satisfaction.

Jobs quality may deteoriate as they are link to parity in income of rich and poor.

Subject I took from a 2013 Oxford Martin School study that estimates 47% of all jobs could be automated in the next 20 years: