Vanishing Jobs

Last Update: July 04, 2017

Elon Musk and Mark Zuckerberg were both independently interviewed on a major news channel recently. They were both discussing the possibility of a guaranteed annual income system in the US where everyone is guaranteed a certain annual income.

I won't go into the question of whether this would be a fair arrangement or not, but suffice to say that the issue was being discussed due to the number of jobs that will be disappearing over the next few years. Both Musk and Zuckerberg felt that up to 40% of jobs will be lost between now and 2030.

These jobs will disappear due to automation and technology which will lead to large numbers of unemployed individuals.

According to Forbes magazine, declining job numbers will be especially severe in the ranching/agriculture industry, post office employees such as mail carriers and clerks along with postmasters, fast food cooks, data entry, electrical workers, computer operators, office machine operators, florists, typists, word processors, and door to door salesmen.

Even jobs that normally appear secure, in spite of advances in technology, like draftsmen, lawyers, and doctors are at risk. Already, people are going to the internet to answer their legal and medical questions instead of seeking advice from a lawyer or physician. In addition, advances in artificial intelligence will decrease the need for some of these professionals.

This upcoming upheaval in the job market reaffirms my decision to enter the internet enterprise market now instead of later. In my opinion, entering the internet enterprise arena will be more difficult when the job disruption occurs as many individuals will probably turn to the internet as a source of income at that point.

So I applaud all of you for pursuing an internet career at this time.

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Ki1 Premium
I read about this or heard about it from a Bloomberg News feed. It is not a very encouraging thing to hear especially when a huge percentage of people will be out of jobs.
Over here in Singapore, where I live, the government is aware of this and so what it has done is to create for each citizen an account where $500 is deposited into it to take up courses which would upgrade their skill in certain sectors.
Furthermore if you are above 40 years of age, you can get a subsidy of 90% of the course fee. So at the end you end up paying very little for upgrading your skill.

Furthermore if you are 40 years and above and cant get a job for at least 6 months, the government will subsidise any employer with 50% of your salary for the 1st six months, 30% for the next six months and 20% for the 3rd six months.

And yet those who are 50 and above are finding it difficult, including yours truly here. :)
Cheers
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pablocortina Premium
Thank you for your insight. I did not know this. It's an issue governments will increasingly wrestle with
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speedking Premium
Well written Pablo and yes it's the truth the percentage of jobs and careers becoming obsolete according to some universities worldwide could be as high as 61% in the next 20 years or so!
Scary but true!
You have made the correct decision by going online.

Take care.........................Johan.
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pablocortina Premium
Thank you my friend. Yes, I think all of us at WA came on board at the right time
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herman1g Premium
wow so sad but so true welcome to WA make sure to check this out http://Herman1g.globalmoneyline.com/video
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GlenPalo Premium
Please do not include your affiliate links in comments or replies. See the WA spam policy:
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pablocortina Premium
Good morning. My apologies. Where did I use affiliate links?
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pablocortina Premium
I will and thank you for reading and commenting
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pablocortina Premium
Glen, again my apologies. I see what you are saying. Thank you
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pablocortina Premium
Thank you for commenting and reading
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RikaSF Premium
Great post Pablo! Something we should keep in mind:)
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pablocortina Premium
Thank you. Yes, I believe we have made the right decision at the right time. Have a good one
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JohnWRaleigh Premium
Thank you, Pablo! Well written advice!
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pablocortina Premium
You are welcome, John. Thank you for reading and commenting.
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