Sam Mielke - In the Age of AI: How AI and Emerging Technologies Are Disrupting Industries, Lives, and the Future of Work

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In the Age of AI

How AI and Emerging Technologies Are Disrupting Industries, Lives, and the Future of Work

sam mielke

New Degree Press

Copyright 2021 Sam Mielke

All rights reserved.

In the Age of AI

How AI and Emerging Technologies Are Disrupting Industries, Lives, and the Future of Work

ISBN

978-1-63730-434-1 Paperback

978-1-63730-525-6 Kindle Ebook

978-1-63730-526-3 Ebook

To my family and friends,who have always supported me,thank you.

AI is likely to be either the best or worst thing to happen to humanity

Stephen Hawking

Introduction

How much did you drive your vehicle in the midst of the COVID-19 pandemic? Many people realized that actually owning a car might not be the best investment. In a conversation I had with former Uber CPO Jeff Holden, he stated that owning a car will be economically illogical as ridesharing autonomous cars will be four to five times cheaper. Additionally, he stated, Aerial ridesharing will also be a better alternative in getting around.

Autonomous transportation, specifically ridesharing, is coming soon, as hundreds of companies are currently working to achieve an industry goal of having self-driving cars on the road for commercial use within a year and also have fully operational aerial ridesharing (flying cars) by 2024. Before I could interject, he continued by saying with full confidence that by 2030, youll need a unique permit to drive a human-operated vehicle, illustrating how much he believes self-driving cars will take over. As he gave me the scoop, I was in awe, but then I thought about all the drivers that this development would displace. What would the magnitude of job loss be as the result of this drastic change in how we get around? I asked.

He replied, stating, Self-driving vehicle projects take several years to gather data from the real world, but as more data is collected, we will achieve fully autonomous driving, thus no longer needing driversincluding truck drivers, which is the most common job for males in the US. I see widespread loss of jobs in this industry within the next three to five years, probably resulting in three to five million jobs lost. He also made the point that there needs to be a massive retooling of workers skills or else things are going to get ugly really fast.

Drivers arent the only Americans at risk of losing their jobs. According to Mi Zhang, a former Ivy League professor who is now part of Amazons business development group, Its very scary that almost percent of Amazons investments, if successful, would lead to massive job loss in every industry. He mentioned Amazon Go stores, which are a chain of grocery stores that allow shoppers to check in to the store using just a smartphone app and walk out with what they need, no checking out, no cashiers, no waiting in lines. These stores work by using the same technologies used in autonomous cars such as sensor fusion, computer vision, and deep learning. The stores sensors can detect when products are taken or returned to the shelves, and it automatically keeps track of them in your virtual cart so when you leave the store, you are automatically charged. This new way of shopping is already impacting employment, as Amazon cut thousands of grocery store jobs, and it has the technology to replace all the stockers, warehouse workers, and cleanersall while being faster and cheaper.

Furthermore, Amazons programmable Kiva robot transports items and shelves packages around its warehouse, minimizing the need for workers to constantly walk the factory floor and do intense labor. And lastly, Amazons autonomous delivery business is looking to automate its delivery either through drones or autonomous vehicles like Amazon Scout, which is currently being tested in a few states (Bukszpan, 2019).

So how does this impact jobs? Currently, even large companies like Amazon do not have the capability to operate a percent robot-driven factory, and they likely wont for another eight to ten years, according to Scott Anderson, Amazons director of robotics fulfillment.

This information was all extremely shocking because if anyone were to know the future of technology, it would probably be the people innovating the most ambitious projects. Right now, most of the narratives surrounding technology and the future of work are controlled by the media, which is why Ive made it a point to talk to many high-level tech executives who have seen firsthand the disruption that emerging technologies such as AI, blockchain, AR/VR, computer vision, and 5G networks are having on every major industry.

Artificial intelligence is the ability of a digital computer or computer-controlled robot to perform tasks commonly associated with intelligent beings (Copeland, 2020). AI is still in its early years, but one pattern already present is that todays technology is advancing far faster than ever beforeeven faster than the internet. In fact, the latest research from Dell estimates that percent of the jobs that will exist in 2030 arent even created yet! (Tencer, 2017). This prompts the question, How can we educate a workforce to prepare for this level of uncertainty?

Many technologists and economists hold the view that just as cars displaced carriage drivers only to create more jobs, the same will happen today with the AI revolution. About half of the tech experts who responded to a Pew Research survey (52 percent) expect that to happen. To be sure, this group anticipates that many jobs currently performed by humans will be substantially taken over by robots or digital agents by 2025. However, they have faith that human ingenuity will create new jobs, industries, and ways to make a living just as it has been doing since the dawn of the Industrial Revolution. People also have a tendency to bash AI, thinking it is scary and that heavy regulation is needed to stop technological development (Smith and Anderson, 2014).

However, the argument that this technological revolution is similar to previous ones doesnt fully take into account the rate at which technology is progressing, the pitfalls of the current education system, and the true capabilities of AI. Moreover, AI will someday be able to not only program itself but do almost everything as good as or even better than humans. I believe AI will displace hundreds of millions of jobs, causing more jobs to be displaced than created because of our inability to educate the workforce and prepare them for the jobs AI cannot accomplish. Surely, AI and other emerging technologies will create many new jobs we cant foresee now, but it will not compensate enough for the amount of jobs lost, especially low-skilled jobs. Many who claim AI will result in positive job growth are assuming that truck drivers will reskill into coders or that manufacturing workers will pick up data analytics.

Next, AI shouldnt be avoided; we are all responsible for learning the necessary skills to remain valuable in the age of automation. This adjustment means reimagining education, investing in AI at the federal level, and doing everything we can do to advance AI development in a safe way. I also hold the viewpoint that AI will make our lives easier, longer, and more human.

In this book, Ill analyze and explain the impact that emerging technologies have on various existing industries and how that will affect the future of work. By taking an industry-to-industry technological analysis, this book will show the greater trend of this technological advancement: job displacement. Ultimately, this book is all about understanding how technology is changing the world for the better and the worse while also recognizing that jobs are going to be displaced. The future of work is going to change dramatically, but you can prepare for it by gaining a deeper understanding of these emerging technologies and the impact they will have. There are many ways you can capitalize on the impending AI revolution by upskilling your technological literacy, and Ill be sharing just how to do that along the way.

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