Job Sectors That Will Soon Be Dominated by Robots

Job Sectors That Will Soon Be Dominated by Robots

With advances in technology,  future jobs will be very different from the jobs of today.

There’s no denying that robots are becoming increasingly prevalent in today’s workforce. From manufacturing and logistics to healthcare and customer service, more and more jobs are getting replaced by automation. This trend is only likely to continue in the years to come, as robots have become even more sophisticated and capable of completing a wider range of tasks.

According to a 2019 Oxford Economics study, in the next 20 years, global robot production will increase at an even more rapid rate, reaching 20 million by 2030. Robots will accelerate production and economic growth in the future. The study also revealed that the rise of robots will lead to new employment in industries that do not yet exist, a concept known as “creative destruction.” Existing company models in a variety of industries will be drastically changed. As machines become increasingly sophisticated, millions of existing jobs will be lost. 

Here are some jobs that are likely to be replaced by robots soon:

Manufacturing industry

The manufacturing industry is particularly vulnerable to automation because robots can easily replicate many of the tasks involved. For instance, welding and fabricating metal parts are already being done by industrial and collaborative robots in many factories to tackle labor shortages, reduce production costs and improve quality. By 2030, up to 20 million manufacturing jobs globally will be replaced by artificial intelligence (AI), machine learning and robots. This trend is likely to continue, as robots can perform tasks more efficiently and reliably than humans. While this automation may reduce the need for human workers in factories, it is important to note that robots are not yet able to replace humans in the manufacturing process thoroughly. In many cases, robots still require supervision and direction from humans to operate effectively.

Retail services

Retail services jobs, such as those in fast-food restaurants, grocery stores and malls, are the most commonly cited jobs that robots will soon replace. All thanks to the increasing availability of kiosks and vending machines that can serve customers without the need for human employees. Jobs in the retail industry that are at high risk of automation include cashiers, sales assistants and shelf stockers.   

According to new research from KPMG and Harvey Nash, one in five, or about half a million, UK retail jobs will be replaced by automation and AI by 2024. This is no surprise, as repetitive and predictable jobs are the easiest for robots to take over. Robots in retail elevate customers’ in-store experience and allow retailers to save costs and enhance the accuracy of day-to-day operations. 

Healthcare sector

AI and robotics will impact jobs across the healthcare industry, ranging from medical doctors to nurses, technicians and pharmacists. With advances in medical technology, there are now machines that can do doctors’ and nurses’ work. This includes checking vital signs, administering medication and even performing surgery. Developed by the RIKEN-SRK Collaboration Center for Human-Interactive Robot Research and Sumitomo Riko Company in Japan, “Robear” can lift and move patients from their beds to chairs or wheelchairs. According to Riken, Robear may lead to significant improvements in nursing care. It will help ease the burden on nurses and caregivers, such as getting lower-back pain from lifting the patients for more than 40 times a day.

Banking & finance

Jobs in the banking and finance sector are particularly susceptible to automation due to their repetitious and rule-based nature. Many tasks, such as data entry or bookkeeping, may be automated, removing the need for human workers. Furthermore, highly technical jobs, such as investment banking or stock trading, are also good candidates for robotization. 

According to Oracle’s Money and Machines: 2020 Global Study, 76 percent of customers in Asia-Pacific and 67 percent globally would trust a robot more than a human financial advisor. The study indicates the trust people are placing in machines to do jobs that have traditionally been done by humans. This shift is likely due to the increasing accuracy and efficiency of robots as well as the decreasing cost of automation. If banks replace repetitive jobs with robots and technology, profits will increase.

There’s no doubt that the labor scene is changing. With technology advancing at such a rapid pace, we can increasingly automate more and more activities. However, this isn’t to say that we will be doomed and ruled by robots and AI. To reiterate, many new jobs and industries will rise along the journey of robotization. After all, these robots are built by humans, and our talents are essential in the process of technological advancement. 

Header image courtesy of Unsplash

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Kanye West’s Biggest Losses of 2022

Kanye West’s Biggest Losses of 2022

Singer, rapper and chaotic personality Kanye West, a.k.a. Ye, has been all over the news and the place for the past few months. What’s more? Media personality Kim Kardashian is not all that he has lost. The famous rapper has also lost his billionaire status as his over-a-decade-long relationship with Adidas ended following his antisemitic (i.e. against the Jewish community) comments on social media. Now, he is worth US$400 million.

Top 5 Covert Signs of Sexual Harassment

Top 5 Covert Signs of Sexual Harassment

One of the gravest threats to a workplace is sexual harassment. Although commonly believed to be a situation only women go through, sexual harassment can be experienced by a person of any gender or sexual orientation. According to an analysis conducted by Gapjil 119, an organization that assists with workplace abuse, eight out of ten workplace harassment victims end up facing some form of retaliation from the aggressor, like getting turned down for a promotion or threatening their job.

Are You Being Quietly Fired?

Are You Being Quietly Fired?

In a previous article, we discussed how the modern workforce is expressing their discontent with their working conditions by quiet quitting. Quiet quitting means simply doing what is expected from employees instead of being emotionally invested in the jobs and going the extra mile for companies. Now, employers have taken a page from their employees’ books and begun using quiet firing to reduce the number of workers.

3 Inspirational Young Entrepreneurs Making a Difference

3 Inspirational Young Entrepreneurs Making a Difference

Entrepreneurship is not an age-specific venture. From Baby Toon by Cassidy Crowly to Minomynas by Hillary Yip, the rise of youth entrepreneurs has captured the world’s attention, showcasing the talent and creativity of our future leaders. According to a survey, about 60% of teenagers are interested in starting their own business instead of working a traditional job.

Reynold Poernomo on KOI, His Inspirations and Life after Masterchef

Reynold Poernomo on KOI, His Inspirations and Life after Masterchef

28-year-old Reynold Poernomo may have moved on from his MasterChef Australia days, but the world certainly will never forget the contestant who urged even the infamously austere Gordon Ramsay to soften and dub his dessert—White Noise—“breathtaking”. Watching Reynold on screen was akin to viewing a sporting event, where you are constantly rooting for him with foam fingers and pom poms because you marvel at his skill and aspire to have his courage and creativity.

Five Must-Have People Skills in the Workplace

Five Must-Have People Skills in the Workplace

As per McKinsey, by 2030, the need for finely tuned social and emotional skills will rapidly grow as the world’s adoption of new technologies, automation and artificial intelligence (AI) expands. While hard skills, like coding or accounting, are still in high demand, people skills are becoming increasingly important in the workplace. Employers are looking for empathetic, friendly workers who can interact effectively with others.