Six Jobs Likely To Disappear In Ten Years
What do you think are the jobs of the future? Here is a list of professions that may not be around much longer… Artificial intelligence, robotics and smartphone applications are changing the labor market. As technology continues to evolve, these types of jobs are likely to disappear in the next ten years. Some of these jobs may come as a surprise to you.
- Bank Tellers
For many customers, smartphone applications are replacing the need to go to the bank. You can check balances, pay bills, transfer money and deposit checks. Most bank websites provide the ability to open an account, order checks, apply for credit cards and make loan applications. Cash is always readily available at 800,000 ATM’s across the U.S.
- Stock Traders
Currently, computers account for approximately 50% of market trades and upwards of 90% when the markets are volatile. Machines do a good job of removing the emotion which can often result in large sell-offs with human trading. The large brokerage firms have changed their hiring strategies to focus on artificial intelligence (AI) experts.
- Retail Cashier
Retailers and restaurants are beginning to embrace digital self-checkout options. Amazon has recently introduced its cashier-free convenience store Amazon Go. In addition, other retailers and grocery chains are offering on-line ordering and pick-up/delivery services. Expect to see more changes in retail and restaurant staffing as the digital technology evolves.
Manufacturing jobs declined by one-third between 2000 and 2010. Many factories are focusing on production innovations and efficiencies to produce more innovative and competitive products. The face of manufacturing is changing from the production worker to highly skilled innovation experts, process engineers and robotics. In addition, many other manufacturing jobs have been relocated to countries where labor is cheaper.
- Social Media Manager
Social Media Manager positions were created by older less tech-savvy management to help them implement and manage social media platforms. The younger workforce has the skills to navigate the social media environment. As a result, there will be less demand in the future for these positions.
Many companies are dedicating resources to developing driving automation software. A major roll-out of self-driving cars is coming in the near future. Not only will some personal vehicles be automated, but so will service vehicles such as Uber, public buses and transport trucks. Automation will not eliminate the need for drivers, but will have an impact on the jobs in the ride-share and transportation sector.
Technology is changing the way we do business. It is also impacting the job market by reducing the need for customer-facing, service and manufacturing jobs. Understanding future trends can help to better prepare people currently working in these occupations and help us plan for the future job market.
Contributed by: Amy Noel