How to fight the job loss trend because of Automation: Two Tips

Posted on May 21, 2017

0


 

According to a January 2017 McKinsey report, 50%+ of the work activities in India are likely to be automated in next few years effecting 23.3 crore workers across different sectors. The degree of automation will vary across occupations.   According to this report, the occupations that mainly depend upon the following capabilities will be least effected by this trend:
1. Create and recognize new patterns/categories (e.g., hypothesized categories)
2. Solve problems in an organized way using contextual information and increasingly complex input variables other than optimization and planning
3. Create diverse and novel ideas, or novel combinations of ideas
4. Interact with others, including humans, to coordinate group activity
5. Comprehend language, including nuanced human interaction
6. Identify social and emotional state
7. Accurately draw conclusions about social and emotional state, and determine appropriate response/action
8. Produce emotionally appropriate output (e.g., speech, body language)
9. Move within and across various environments and terrain

In view of this, here is my advice to the students and also the alumni:

TIP#1: Develop the above-listed capabilities even at the cost of some short-term losses and inconveniences.

TIP#2: Choose occupations that mainly depend upon these capabilities.

 

References:

  1.   http://www.thehindu.com/business/Industry/up-to-6-lakh-it-staff-may-lose-jobs/article18451843.ece
  2. McKinsey Global Institute, A FUTURE THAT WORKS: AUTOMATION, EMPLOYMENT, AND PRODUCTIVITY, January 2017
Advertisements
Posted in: Uncategorized