What do teachers, software engineers, and doctors all have in common? They are going to be among the last to be replaced by robots and artificial intelligence. If you are at all concerned about robot-proofing your career, you aren’t alone. Nearly half of employers say that automation could lead to a workforce reduction by as early as 2022, and it is predicted that millions of retail workers, restaurant workers, warehouse workers, and janitorial workers could be replaced within a decade or two. That doesn’t mean that robots and AI will replace all the workers, leading to mass unemployment. Rather it means that jobs will shift and workers will need to be retrained. The time to start thinking about robot-proofing your career is now. Here’s what you need to know.
How Warren Buffett Uses Discount Rates To Value Stocks
Warren Buffett has never detailed the process he uses to value the businesses he acquires for Berkshire Hathaway. However, over the years, he has provided some limited insight into his methods. Q3 2020 hedge fund letters, conferences and more Based on these comments, it is widely assumed that Buffett uses a discount cash flow model Read More
Some Jobs Robots Just Can’t Do
When it comes to things that require human emotions, creativity, and negotiating constantly changing situations, robots just aren’t up to the task. Robots can’t manage people because good talent management requires being able to empathize with your employees in order to motivate them to move forward. There’s a similar situation with teachers – education is not a push-button, one-size-fits-all type of proposal; rather teachers have to take stock of each student’s strengths and weaknesses and devise an academic plan to suit each one individually. Teachers at all levels, management, HR, counselors, and more are unlikely to be replaced by robots any time soon.
What’s more, there will always be a need for humans to build and program the robots and artificial intelligence that will take over the menial, repetitive tasks. Computer programmers, software engineers, and mechanical engineers will be at the forefront of this new wave of development. Choosing career paths in the fields that robots just aren’t capable of replicating is a sure way to protect your career from the robot takeover.
You Can Retrain Yourself If You Are In The Path Of The Robots
Many companies offer training programs to help workers transition to new career paths midstream. Take advantage of certificate programs, tuition reimbursement, training classes, and more. If you have the opportunity to take a management position, you would be well advised to do so. If there aren’t any openings or training positions, ask to shadow management and express your interest in moving up when positions become available.
Learn more about how to robot-proof your career from this infographic. Is your job safe?