In an interview with The American Enterprise Institute, Bill Gate is of the opinion that, jobs would gradually be taken away by technology. In his words "Software substitute, whether it is for drivers or waiters or nurses, its progressing, technology over time will reduce demand for jobs, particularly at the lower end of skills set. 20 years from now, labor demand for lots of skill sets will be substantially lower. I don't think people have that in their mental model." The business mogul said it all; Gate firmly believes that within the next 20 years many jobs would be lost to lower cost technology software and robots. Bill Gates is not the only one to make such prophecy. There have been different research which has concluded the …show more content…
Certain professions might go into extinction; those positions would be taken by machines who are more efficient and cost-effective. This is history repeating itself. Let's go back a little through history even before the industrial era.
This treat of technological advancement taking over our jobs have been there for a very long time. It started with slavery; slaves can be referred to as "machine of flesh and blood," during the infamous slave era many Europeans lost their jobs to these human machines because they were cost-effective and programmed to be controlled without complaint or union. Through time to the European industrialization, in England, during the 19th century, there was introduction of new technology that could make production easier The first innovator was John lobe who invented the Water-powered silk mill. During this period England workforce was heavily dependent on cotton spinning before its economy was later industrialized with the introduction of mechanized looms and later factories. Artisan weavers lost their jobs, and were reduced to poverty, in recent time there is a similar threat of mass job loss, I will love to call this the fourth …show more content…
This is a good thing as it has made life very easy for us, we now have phones to ease communication, electronic mails to ease the stress of posting, blogs, and lots more innovations, but looking on the other side, this have made people jobless, for instance, Over the past decade the post office have witnessed a downward slide in its relevance, rather than seek the service of the post office you can at the comfort of your home send message with your computer and mobile phones. Not just the post office another sector of the economy too, a standard Newspaper company of two decades ago could boast of about 2,000 staffs, but in recent times people no longer buy papers, when they need information they go online, the cost of getting information seem to have reduced but thousands have been made to pay the price by being rendered jobless, This and more are just contemporary effects, if we consider the near future more people are going to be out of jobs and some profession might even get