A take on future of jobs, in the era of rapid innovation. It looks into what happens to jobs as Technology improves, and its consequence on society, and capitalism as the resource allocation -cum- wealth distribution model

1. Jobs
See, Saw, and what is yet to be seen
Tedx IIM Shillong

2. Basics
➔What is a job?
➔Why does a job exist?
➔Who creates jobs?
➔Lifespan of jobs

3. Lifespan - Extinct Jobs
Enemy Aircraft Detector

4. Lifespan - Extinct Jobs
Lamp Lighter

5. Lifespan - Extinct Jobs
Bowling Alley Pinsetter

6. Lifespan - Extinct Jobs
Switchboard Operators

7. Lifespan - Not Extinct
1. Doctors
2. Architects
3. Strategists
4. Politicians
5. Waiters
6. Prostitutes
7. Managers
8. Painters
9. Authors

8. Lifespan - Not Extinct
The common thread?
1. Too difficult/complicated
2. Involve human/emotional interaction
3. Requires Creativity

9. Lifespan - Endangered
➔ Accountants
➔ Ticket vendors
➔ Security guards
➔ Drivers
➔ Shop attendants
➔ Photo developer (already non-existent)
➔ Cashiers at most shops
➔ Bank attendants
➔ Brokers of most sort (insurance/real estate/marriage)

10. Lifespan - Stages
Stages:
1. Creation
2. Expansion
3. Standardization and Measurement
4. Automation/Replacement
5. Extinction

11. Peak Employment
Q. Will we, at some point in not so far away future, reach
peak employment?
A. Yes.

12. Peak Employment
What makes humans uniquely suitable for jobs?
➔ IQ - Machines with IQ>100
➔ Muscle Movement - Lots of special purpose robots
➔ Ability to hear - Solved
➔ Ability to see - to be solved in 15-20 yrs
➔ EQ - no progress
➔ Creativity - no progress

13. Peak Employment - higher skill
Low skilled and unskilled laborers are being
replaced already

14. Capitalism
Belief:
➔ If you work hard, you can all be “successful”
➔ Works when incremental effort translates into efficient value
In Future:
➔ If you work hard and more efficiently than machine, you can be successful.
Result
➔ Fewer types of jobs for humans
➔ Fewer people can get jobs ( high IQ/ high EQ )
➔ High Demand for such people, low for everyone else
➔ The gap widens

15. Capitalism - Transition
“Income inequality is the defining challenge of our times”
- Barrack Obama
“Half of global wealth held by 1%”
- Oxfam Report
“The world’s 85 richest people are as wealthy as poorest 3 billion”
- Oxfam Report
“One [threat] is that AI does enough labor substitution fast enough to change work
policies, or [affect] the creation of new jobs that humans are uniquely adapted to — the
jobs that give you a sense of purpose and worth. We haven’t run into that yet. I don’t
think it’s a dramatic problem in the next ten years but if you take the next 20 to 30 it could
be”
- Bill Gates

16. What do others think?
Why is this relevant?

17. What do others think?
Thanks!
Nikhil Vij
Co-Founder TalentPad
( @nikhilvij03 )