The Myth of Job Creation and a Future We Do not Understand


People are shouting "job creation". They have been lulled into a false sense of security that month end salary is the only way to earn money.

Sadly it is not. Clerical jobs/ IT Coolie jobs/ factory jobs/cushy government jobs etc is just a small blip in human history, an idea which started with British colonization and one whose end is near.

We are on the verge of a future we do not seem to understand at all. There will be no jobs in next 30 years except physical labourer. There will be a demand for very high skilled specialists and hyper-intelligent generalists. We are moving back to a pay-per service decentralized model.

In my view, leave aside job creation:
1. Half the world's drivers will lose their jobs in next 15 years with automated cars.
2. Junior Software engineers etc will all lose their jobs in next 15 years.
3. Outsourcing business - BPO, KPO, LPO etc will be gone as AI's perform 100x better operations
4. Car insurance as an industry may be gone with the advent of low accident automatic cars.
5. Oil industry will naturally collapse in next 25-30 years as solar becomes a major component of energy mix - so all those oil PSU's/ JV's jobs will go.
And so on.

Of course new types of jobs will be created, but what they are i have no idea, just as no one in 1990's could predict Android developer as a job.

A catastrophic future awaits us, and I am not sure whether Indian Ministers have any inkling. Thankfully people like Monhandas Pai etc are cognizant of this and are trying to do their bit by spreading awareness, but at an institutional level there is no push so far in India, at least to my knowledge.

Comments

  1. You really make it appear really easy together with your presentation however I find this topic
    to be actually one thing which I think I would never understand.
    It seems too complicated and extremely huge for me. I am looking ahead for your subsequent submit,
    I will try to get the cling of it!

    ReplyDelete
  2. Thank you for sharing such great information.It is informative, can you help me in finding out more detail on GST. I had read few GST Articles of LegalRaasta and get to know that they are developing a GST Software for easy GST compliance. Can you please help me in finding a GST software which is trustworthy..

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  3. In early seventies we did not have jobs in software development but now we have industry for this, Wipro is an example of this.
    Do you not think there's always going to be something to do in the future, just a suggestion ?
    Harry

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