Which professions are fading out and will people face unemployment in future?

Mar 9, 2017

Which professions are fading out and will people face unemployment in future?

According to the Reform center report, AI robots will replace approximately 250 thousand employees in British companies. And McKinsey analysts say that currently existing solutions can already automate 45% of human actions.

Robots are really pushing out people of their workplaces. Well, Goldman Sachs bank has left only two out of 600 traders, the rest ones have been replaced by special algorithms. Such a solution allowed the financial institution to save dozens of millions of dollars annually.

Which professions will be out-of-date soon?

Due to the artificial intelligence development, a range of professions will become out-of-date. Here are some of them:

1. Insurance brokers

In the Japanese company called Fukoku Mutual Life, insurance payout calculations are made by IBM Watson Explorer AI. Other country’s companies are also going to implement this solution in the nearest time. According to the data of Nomura Research Institute, robots will replace a half of employees in Japan in 20 years.

2. HR specialists

Two years ago, Ukrainian WebProduction company used its own OneBox development in order to fire a trainee and hire several new employees. The system independently posted job vacancies, analyzed jobseekers’ CVs, sent test assignments and appointed a time of a final interview. A director should have only accepted a total decision after a meeting.

3. Call center operators

Chatbots easily answer simple customers’ questions. Kyivstar bot called Zoryana can process around 10% of all requests, communicating with users on the website and in messengers. And PrivatBank bots manage to process 60% of customers’ requests. Thus, a half of call center employees can be easily fired, entrusting their obligations to bots.

Which professions are fading out and will people face unemployment in future? (1)

4. Factory workers

Changying Precision Technology has installed 60 robots instead of 650 equipment assembly workers. It allowed the factory to increase efficiency three-fold and minimize the occurrence of defects by 80%. Taiwan Foxconn company fired 60 thousand people, working on a conveyor, in order to replace them for robots.

5. SMM specialists

PromoRepublic has developed a system that can keep social media pages. Using patterns, the system creates daily posts. Today, company’s product keeps more than 50 thousand pages.

6. Taxi drivers and operators

Autonomous cars, unmanned passenger copters and car service development will make taxi driver work a relic of the past. In Dubai, passengers will be carried by EHang drones and Tesla smart cars. Taxi service operators will be easily replaced by robots as well.

7. Legal counsels

Previous year, the American student has developed the DoNotPay service, allowing to obtain a free legal consultation on various issues and even helping to prepare a complaint document. Ukrainian Juscutum company has also launched a lawyer bot to assist entrepreneurs in drawing up documents.

Which professions are fading out and will people face unemployment in future? (2)

These are only several spectacular examples, confirming that the routine work can be easily entrusted to robots that will manage to do it much better than people. But what will people do?

Will people face unemployment?

Experts believe that the automation won’t lead to endemic unemployment but rather change the situation on the labor market. Instead of boring routine work, people will focus on more creative activity, working with machines side by side. Thus, doctors will be able to use artificial intelligence to interpret analysis results and make diagnostics more accurately. Robots won’t be able to replace health professionals but can make their services more qualitative and efficient. The same refers to other areas.

Mikhail Bilenko, Yandex representative, is sure that the automation will lead to the appearance of new workplaces, where people will be able to reveal their creative skills.

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