Technology and Job Growth

Estimated Reading Time: 2 Minutes

New technological advancements have most commonly been associated with a decrease in employment rates. However, the idea that “No jobs are safe” and “Robots are going to take over” might not be totally substantiated. It should be considered that while jobs will be lost to technology, many more jobs will also be created in the process. Take manufacturing jobs for example, as an increased amount of technology is entering the workplace fewer workers are needed to complete manual tasks. But on the other hand, there needs to be more workers to handle and to maintain such machines, not to mention create and design them.

It is evident that due to technology many occupations involving routine work has decreased. Yet this is not necessarily a negative outcome as many jobs involving technical and analytical are in high demand. Technology itself should not be viewed as an obstruction, but instead a catalyst for progress.

In the current job market, many jobs in the technology field have a guaranteed uptrend. However, technology jobs are not the only occupations experiencing growth. According to a prediction by the Bureau of Labor Statistics jobs such as nurse practitioners and home health aides experience growth ranging from 40%-50% in the years of 2016-2026. These two occupations are prime examples that today’s job market does not solely revolve around technological occupations. Instead due to the increased number of aging baby boomers positions in the health field are in extremely high demand. Another study done by McKinsey Global Institute showed that in the next decade jobs involving manual labor and basic cognitive skills will decrease. Yet jobs that involve higher cognitive skills and more social skills will increase. The skills required by these jobs will allow for more human interaction through demonstration of team building, leadership, and cooperation. Additionally, many of these occupations cannot be replaced with robots or advanced technology.

So what does this change mean for companies and the job market as a whole? To fully take advance of technological benefits companies must restructure and change how they work. Companies must constantly provide opportunities for learning and innovation for employees to maintain future success. Furthermore, companies must recognize the different levels and areas of expertise present in the current market, meaning they must allocate the correct work for the correct employee. The job market itself will see an increase in freelance workers and contractors due to the constant introduction of new fields into the marketplace.

-Allen Shen

Author at STEMTalkNC

Sources:

https://www.mckinsey.com/featured-insights/future-of-work/skill-shift-automation-and-the-future-of-the-workforce

https://www.urban.org/urban-wire/how-technological-advancement-changing-labor-market

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