From ESPN to Retail Stores. A preview of what to expect in automation unemployment over the next few years. A LEAD Global Briefing from Futurist Chet W. Sisk
Did you know that ESPN Sports Center is a top rated sports show? Yet, they are laying off hundreds of employees. Why? It's cheaper and more efficient to put everything on a digital platform.
The worldwide news giant, Associated Press, now has robots writing the stories you're reading, eliminating thousands of jobs for "stringers".
Verizon just lost subscribers for the first time in years. Why? The technology emerging is outstripping their business model. People can make calls through What'sApp and other tools.
From travel agents to retail store employees to the automobile industry, the "great technological leap forward" is in motion. Artificial Intelligence has taken a dramatic step in it's ability to think, making it more cost effective for employers to get a non-complaining, no vacation, faster more efficient robot to do the work. We here at LEAD Global have been talking about this for a number of years. What makes 2017 a watershed year is the speed of the implementation of the technology throughout industries. Here are five more industries that will see levels of disruption over the next year or so....
The Automobile Industry. --- Autonomous cars will put more people on notice because they will be visible examples of the change. At this writing, 5 million jobs are at risk by 2020-2021 because of the rippling effect these trucks and cars will have on employment.
Financial Services --- More and more people are getting their financial services online. Yes, there will probably always be the woman you can call to get some insight and advice, but the legions of advisers that used to represent a company are dissappearing.
Telecommunications --- If you're a Verizon customer, don't be surprised to see them do more outreach to you through more offers and cheaper rates. All of the tele industries will have to do that, just to keep up. They won't be able to, which will produce industry-wide layoffs.
Retail --- As we mentioned in the last briefing, the retail world will continue to transition. No one quite knows what the end model will look like. It could be in perpetual movement for years into the future as long as technology continues to evolve. One this is clear...there will be job loss.
Education --- Projections show the e-learning market worldwide is forecast to surpass $243 billion U.S.Technology and e-learning are used to personalize education while making it more accessible and affordable for students. You don't need as many people to provide this if students can get it themselves online.
These changes don't mean some new jobs won't be created. It just means the traditional models that we've created the current economy on are transforming and challenging the very concept of mass employment for the society. This also means the opportunity to create a new direction for society and the world is also right at our fingertips. I wrote a book about these changes so that we understood this shift is not just a technical one, but one that pushing a change in how we see humanity. Here is the introduction of that book...Above and Beyond All That We Know: How to thrive and succeed in the current word paradigm shift.
Like to see the rest? We'll provide you with the complete audio book, free, for all LEAD Global members. Write to Kimberly@leadtheshift.com and ask for the book.
Chet W. Sisk is an author and one of the world's leading Social Futurists. He is also expert on the current world paradigm shift. Find out more about him and the LEAD Global Team at www.leadtheshift.com or you can write him directly at firstname.lastname@example.org