4 sobering predictions about the future of jobs in an automated world

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Artificial intelligence and automation will create more jobs than they replace, according to a new report entitled “The Future of Jobs” from the World Economic Forum (WEF). But the transition will likely be tough for some workers, the group warns.

“Our analysis finds that increased demand for new roles will offset the decreasing demand for others,” according to the report. “However, these net gains are not a foregone conclusion. They entail difficult transitions for millions of workers and the need for proactive investment in developing a new surge of agile learners and skilled talent globally.”

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Robots are preparing to fill 200,000 vacant construction jobs

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As Futurist Thomas Frey says, “As long as we have problems, we’ll always have jobs.”

Automation has long been considered the harbinger of future unemployment, and experts have predicted that the widespread adoption of artificially intelligent (AI) software and smart machines could lead to thousands or even millions of people losing their jobs.

However, that may not be the case in the construction industry. In fact, with a growing shortage in labor, it’s one sector that’s particularly well-suited for an automation takeover.

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Man vs. machine – predicting the year when machines win

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Don’t expect to see a human behind the wheel of an 18-wheeler after 2027. Or a set of human hands performing a delicate surgery after 2053.

According to a new study from Oxford and Yale University researchers, those are the years artificial intelligence is slated to take over each of those tasks. And so it will go for millions of other jobs over the next 50 years, researchers find.

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A.I. killed 800,000 jobs in the U.K., but created 3.5 million new ones

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First Amazon announced plans to fully automate its new brick and mortar store with robots. Then we learned that Foxconn plans to automate 30 percent of its factory workforce by 2018. And recently, Wendy’s announced plans to add automated kiosks at more than 1,000 stores. One thing is clear — robots are changing the way we live and work.

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Robots and drones: Coming soon to a construction site near you

Advancements in the robotics field are helping to transform a number of industries, construction being one of them. Companies that build things can expect to see a host of new machines that perform a variety of tasks — adding efficiency to construction projects as well as reducing injuries to human workers.

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The Lack of Blockchain Talent is Becoming An Industry Concern

The alleged lack of available talent for blockchain industry jobs was high on the agenda at the DTCC’s Fintech Symposium, held at the Grand Hyatt in New York City yesterday.

There, executives from a wide range of companies took turns addressing an audience of several hundred financial industry executives to express their concern about what they believe is a problem preventing wider growth and use of the technology.

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What software engineers are making around the world right now

A new study published by the data science team at Hired, a jobs marketplace for tech workers, shows why it’s becoming harder for software engineers to afford life in San Francisco, even while they make more money than their peers elsewhere in the U.S. and the world.

Based on 280,000 interview requests and job offers provided by more than 5,000 companies to 45,000 job seekers on Hired’s platform, the company’s data team has determined that the average salary for a software engineer in the Bay Area is $134,000. That’s more than software engineers anywhere in the country, through Seattle trails closely behind, paying engineers an average of $126,000. In other tech hubs, including Boston, Austin, L.A., New York, and Washington, D.C., software engineers are paid on average between $110,000 and $120,000.

Yet higher salaries don’t mean much with jaw-dropping rents and other soaring expenses associated with life in “Silicon Valley,” and San Francisco more specifically. Indeed, factoring in the cost of living, San Francisco is now one of the lowest-paying cities for software engineers, according to Hired’s lead data scientist, Jessica Kirkpatrick. According to her analysis, the $110,000 that an Austin engineer makes is the rough equivalent of being paid $198,000 in the Bay Area, considering how much further each dollar goes in the sprawling capital of Texas. The same is true of Melbourne, Australia, where software engineers are paid a comparatively low $107,000 on average, but who are making the equivalent of $150,000 in San Francisco.

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Which 5 jobs will robots take first?

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In 2012, Futurist Thomas Frey predicted that 2 billion jobs would disappear by 2030, roughly half of all jobs that exist today. Oxford University researchers reinforced this with their estimates that 47 percent of U.S. jobs could be automated within the next two decades. But which ones will robots take first?

First, we should define “robots” as technologies, such as machine learning algorithms running on purpose-built computer platforms, that have been trained to perform tasks that currently require humans to perform.

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