Summary of the episode: Paul Oyer, Professor Economics at Stanford is sharing his thoughts of Future of Work.
He share his thoughts about AI, and that AI might be a threat to the future labor market, but not as the main threat of “mass job destruction”. AI comes in the 3rd place. And also that the gig economy is actually growing, and will be important. What really caught my attention was the following sentences from Professor Paul:
It’s very hard for people to recognize that what they used to do is no longer needed. It’s difficult then to go and get trained. People need to be open to training.
Enjoy listening to it, and the rest of the episodes.
After watching the demo from Google with their AI assistant Google Duplex, I was first fascinated and then a bit scared. The technology is moving in supersonic speed.
What actually made me scared was the fact that the assistant can think on its own, and sounds like a real human. For how long are we needed? Meanwhile Google is developing this, Boston Dynamics are developing “Humaniods”. Google Duplex + Boston Dynamics = Skynet?!
Will smart robots soon take our jobs? Yes is my guess. But new one will be created on the way. So I’m not that worried, as long as you have an open mind and are ready for change. Historically, with every new technology breakthrough new opportunities and jobs has been created. So why wouldn’t this be created this time as well? Jobs and gigs will be needed to support the opportunities of the future. Maybe we can’t predict what will be needed, but I’m pretty sure that you will adapt and solve the problems of tomorrow.
Co-working with Robots will therefore be one of the success factors in the future to succeed. Maybe we should start to treat them as tireless coworkers? If you’re a developer, could you imagine doing pairing up with a smart bot for code reviews etc? Or as a sales rep, let the bot book your meetings and you executing them? If they are more accurate in the hit-rate why wouldn’t we start to love ’em?
There are so many more cases out there with opportunities on how we can cooperate with a bot. Maybe have you already started to doing that? If so, how/what are you doing? Can you think of a cool future gig already? Share your story.
P.S. If you missed the demo of Google Duplex, please have a look:
The BBC defines the ‘Gig Economy’ as “a labor market characterized by the prevalence of short-term contracts or freelance work, as opposed to permanent jobs”.
On-demand hiring promises lower costs, but it also creates more competition for talent where traditional workers’ career paths are phased out and are now replaced with temporary jobs focused on skill. Don’t only think of gigs as side-jobs or short term assignements. For the right person there’s a variety of cool and nice gigs out there. Just take a look at this list of the highest paid gigs of 2018 (Source):
1. Deep Learning/Artificial Intelligence: $115.06/hr
2. Blockchain Architecture: $87.05/hr
3. Robotics: $77.46/hr
4. Ethical Hacking: $66.63/hr
5. Cryptocurrency: $65.37/hr
6. Amazon Web Services, Lambda Coding: $51/hr
7. Virtual Reality: $50.18/hr
8. ReactJS Developers: $40.75/hr
9. Final Cut Pro Editor: $37.12/hr
10. Instagram Marketing: $31.23/hr
Are you doing any of these gigs? If not, which one would you like to try? #shareyourstory #gigspiration,
The tech revolution are moving in very fast pace. Who knows it will brings, and when it hits us with a full effect. According to the World economic forum, approximately 800 millions of the labor force might loose their jobs due to automation.
The gig economy, and new generations entering the labor market has already reshaped the way we want to work, hence the rise of the gig economy. Hopefully the the automation that smart AI-algortithms and and robots will brings, will increase productivity in goods and services, and mots important of all improve our lives.
And of course new job will be created as well, so don’t you worry. But prepare yourself to increase your own learnability, meaning you have to be ready to learn new things to adapt to the future of work.
Have you started to feel the automation in your field of business? How has this affected you and your job? Did force you robots to start gigging? #shareyourstory