Artificial Intelligence And The Job Market (mobile only)

Abstract:

it is ubiquitously accepted that many citizens are soon to lose their earning potential and livelihood to computer based automation. Artificial intelligence has been the most widely quoted new technology that seems to spell the death knell for many occupation. So far though however, no wide ranging, comprehensive analysis has been performed in order to exact which professions are most vulnerable and can expect these job loses first.

Governments need to step in to fund this research as the private/ third sector are not really financially incentivised to perform said analysis at current.

In order to serve their citizens and manage economies proficiently, Governments should advise citizens and warn of future expectations in the job market. It also makes sense to overhaul university qualifications and the higher education system to better meet the needs of today’s/ future job markets. We should avoid over subscription when in fields like book-keeping, already redundancies are being made due to computer automation. All this will lead to a superior allocation of human resource potential.

Teams of analysts should compete for Government contracts by proving their competencies and convincing Government they can accurately gauge future trends within artificial intelligence and the job market. It is possible computer science itself can explore this domain as A.I. Can today get closer to performing certain functionalities than others. In this way it may be possible to estimate clearly which jobs are vulnerable to automation first.

Summary:

In order to ensure future economic growth and prosperity, Governments need to act today to make funds available to perform this critical research. It also seems wise to liaise with higher education once the analysis is complete to discover whether certain qualifications could be extended with an additional year to adapt that degree whenever a skill set may be transferable. This may be a more efficient way to handle re-skilling rather than people training again from the beginning, now having a worthless degree.

Conclusion:

Funds should be made available and

An office set up as soon as possible to sanction and oversee this vital endeavour. The social justice ramifications of people training for jobs that will simply not exist in a few years time plus the huge degree of inefficiency inflicted upon the economy without action make this project an imperative.

Author: David Ian Bennett

16/10/2020

Www.smartinstituteforpolicy.com

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