Old jobs will be replaced by new jobs. High-skilled jobs which require creative problem solving, analytics and critical thinking will increase by 56 per cent. It doesn’t train and enable students to solve critical problems.Exports may take a big hitOne of India’s biggest assets is always considered to be its demographics — especially its employable youth — as the rest of the world, including China, ages. Researcher Jeff Nesbit, a former director of the US-based National Science Foundation, believes our extinction would be triggered by our own creation: artificial intelligence.According to a report by HfS, a global analyst, 6.Machines aided by artificial intelligence are all set to replace humans in several fields.All these jobs involve routine work.Low-cost products manufactured by companies in developed countries could also threaten Indian companies, if the country has free trade agreement with them. Over a period of time, there is a possibility of a drone dropping by the destination to deliver the package. It could lead to an unequal society, with the lowest strata earning dismally low incomes and the top rung getting obscenely high salaries or larger share of profits. The deciding factor for the survival of a job would be labour cost and requirement of precision.Wider use of robotics and automation would result in lower revenue for the government as workers, whom robots or automation replace, would have paid income-tax, consumption tax and added to the size of the domestic market by their purchases. All jobs that don’t require exceptional thought processes and those that could be accomplished by analysing data with a simple algorithm could be replaced.
Thirty per cent of such jobs may be lost to automation. Come 2050, a researcher predicts, the human race would cease to exist.The immediate solution to this problem, according to Microsoft co-founder and world’s richest person Bill Gates, is robots tax. Wipro has moved some 4,500 engineers into different projects in one year, while automation could hit 14,000 employees at IBM.Blue collar jobs and simple office jobs are under greater threat, which could leave crores of people jobless. In 2016, Infosys “released” — a synonym in IT circles for sacking — 9,000 employees.Politicians take note: job promise not easyWhile the extinction of jobs may happen slowly in India, the immediate threat would be slower job creation. Therefore automation across the board is still a long way off in India. One of the reasons for the victory of Mr Donald Trump in the US Presidential elections was job losses caused by automation and robotics.With exports contributing 20 to 25 per cent of India’s economy, automation and robotics would slow down job creation in a big chunk of business activity. Agricultural activity has already started shifting to mechanisation due to higher rural wages, leading to the creation of new service of renting out and maintaining agricultural equipment to those who can’t afford to own them.A faster pace of job creation was one of key promises made by Prime Minister Narendra Modi during the 2014 Lok Sabha election campaign..Change education; don’t roll out clerksIf India wants to be prepared for the changing job market due to automation and robotics, it needs to revamp the education system, which is known to have been designed by the British to churn out clerks for the Raj, and which produces computer coders for the US now“For 150 years, we have been following an education system which is suited for low-level jobs.4 lakh people in the Indian IT sector would lose their jobs by 2021. People whose jobs require them to come up with solutions on a case- by-case basis can rest assured that their jobs will not be replaced.A study by Oxford University suggested that 100 professions or occupations are at risk of being eliminated by automation in the future.While China Sock Knitting Machine Suppliers all companies may not shift to automation immediately, exporters and companies, exposed to foreign competition in India would have to introduce automation and robotics to stay competitive in the global market.. That said, industries that are technology-focused such as IT and BFSI (banking, financial services and insurance), have been early movers, and are in the process of piloting hybrid models,” he said
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