Sitting here in 2019, it seems that although jobs are being impacted by technological improvements, the swing to extreme job loss has not occurred. Not yet.
Although some well-researched prognostications suggest that the future job loss to technology would be as bad as many others, take for instance the mere 36 million projected in a recent article from The Avenue publication by the Brookings Institution. Considering that we currently measure monthly job growth in the range of 180,00 new jobs in a month, losses of 36 million is a massive divergence.
The Brookings article goes on to point out that much of the job loss to technology will affect are most endangered member of society, namely those will limited formal education and those who work in repeatable, routine jobs. Worse yet, much of the pain of job loss will be felt in specific geographic regions. Cities known for one or two industries can easily find mass unemployment unfold, while other communities fell little of the pain. This makes the need for upskilling and gaining an edge in the job market vital from hard working people to remain relevant and employed.
What are your thoughts on the potential of future job loss to technology?