Many people will lose their jobs because of robots

Artificial Intelligence and job automation

Robotics and artificial intelligence experts believe that 44% of the jobs currently existing in the world could be automated in the next 10 years. Thus, many people will be affected by technological unemployment.

Future Hunters is a company examining long-term global trends. Representatives stated that the exponential growth of technological innovations will lead to a templosion in the near future.

Thus, more and more important changes will be made in a relatively short time. The impact of this process will be experienced worldwide.

Future Hunters executive vice presidents Erika Orange and Jared Weiner believe that robots are becoming more intensely trained to reach human execution speed, they cannot only perform manual tasks, but also cognitive tasks. For this reason, up to 44% of jobs currently existing will be automated, which will lead to an era of technological unemployment. Basically, IT specialists and software engineers will remove many people from the labor market in the future and the number of jobs will drop continuously, as Orange and Weiner said.

Job loss and Virtual Reality

Analysts anticipate that, despite this trend, people's minds will be further used in more interesting ways, although the physical presence of people at their job will no longer be necessary. The currency of the future will be skills such as the ability to relate, collaborate, and empathize. Experts have said that virtual reality is still seen as a niche product, but it's possible that this might change in the future. They also said that a potentially negative outcome for consumers could be that the comfort associated with a removal from the real world could in fact blur the lines of reality for many.

Many companies will have to review their activity and their mode of action regarding technology and intellectual property.

This will be necessary if they want to remain competitive in a completely different environment.

Experts have stated that even the oldest factories will be forced to become companies based on technology and intellectual property. The massive impact of this technological acceleration will be experienced in all areas. So, those able to adapt will become the best in their area -- Darwin for the Digital age.