Aaron Smith and Janna Anderson in their research in the year 2014 mentioned that, “The vast majority of respondents to the ‘2014 Future of the Internet’ canvassing anticipate that robotics and artificial intelligence will permeate wide segments of daily life by 2025, with huge implications for a range of industries such as healthcare, transport and logistics, customer service, and home maintenance. But even as they are largely consistent in their predictions for the evolution of technology itself, they are deeply divided on how advances in AI and robotics will impact the economic and employment picture over the next decade.”
A new report predicts that by 2030, as many as 800 million jobs could be lost worldwide to automation. But, as far as we remember since the industrial revolution in the 18th century, mechanization has always created jobs. Since artificial intelligence is the new era of mechanization it won’t destroy jobs either. Thereby, it has helped people to be very productive even while working part-time. In the current era, AI has made highly admissible advances in finance, transportation, defence, energy management and has introduced the world to the internet of things (IoT) which is facilitated by high-speed networks and remote sensors that connect people and businesses through every sect of life. Thus, in a way, it has provided a great deal of live improvisation.
Self-driving vehicles, robotics advancement, etc. are envisioning a future where 48% of the white-collar and blue-collar jobs might get seriously affected, thus leading to a social breakdown.
JP Rangaswami, the chief scientist for Salesforce.com in 2014, though shared a belief that the current jobs might not get displaced due to automation: “The effects will be different in different economies (which themselves may look different from today’s political boundaries). Driven by revolutions in education and in technology, the very nature of work will have changed radically—but only in economies that have chosen to invest in education, technology, and related infrastructure. Some classes of jobs will be handed over to the ‘immigrants’ of AI and Robotics, but more will have been generated in creative and curating activities as demand for their services grows exponentially while barriers to entry continue to fall. For many classes of jobs, robots will continue to be poor labour substitutes.” He argued that:
Supporting his views, Geoff Livingston, the author and president of Tenacity5 Media, wrote, “I see the movement towards AI and robotics as evolutionary, in large part because it is such a sociological leap. The technology may be ready, but we are not—at least, not yet.”