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Millennials, This Is How Artificial Intelligence Will Affect Your Career

20 years ago if you wanted to book a vacation, withdraw money from your bank account, or find the latest movie you needed to talk to an employee.

These days, you only need to reach for your mobile phone and all the services like travel agents, cashiers, and video sellers have gone the way of the Dodo bird.

And that’s just the beginning.

Artificial Intelligence (AI) has the potential to create or destroy millions of jobs in the next 20 years according to many futurists today.

In this article, we’ll look at how AI will affect millennials as they join them, and try to climb the ladder within the workforce.

Computers Will Steal Our Jobs!

The truth is, no one knows how AI will affect the job market moving forward.

There are two schools of thought on what AI will do for millennials in the job market.

First, there is a strong and clear fear of technology making jobs obsolete, just as there is a similar fear of immigration to the United States.

A Gallup poll predicts that 37% of millennials will have their jobs replaced by artificial intelligence and a similar Mckinsey report says that up to 50% of jobs could be replaced, these are still just predictions.

What is not predicted is that millennials, especially those who are just entering the workforce now or in the next few years as the bugs are being worked on using AI may be more vulnerable to being replaced than older workers. .

In short, many years of work ahead of you; the degree of redundancy risk,

On the other hand, Millenials and others remain optimistic that AI will create new jobs according to a survey conducted by The World Economic Forum more than 78% of millennials believe that AI will create jobs while other reports predict that 500,000 new jobs will be created by AI in the next decade. only years.

Which jobs are most at risk of being replaced by AI?

Although based on the prevalence of AI and Cognitive Automation has not yet reached mass adoption, there are some low-level tasks that are necessary to be replaced by robotic process automation such as the repetition of financial and accounting tasks such as bookkeeping, and the repayment of all debts that will be. replaced by RPA applications within the early stages of AI.

What jobs are at risk?

The jobs that are most at risk are those that computers cannot fully perform such as critical thinking skills and human communication.

Jobs that cannot be replaced by artificial intelligence are things like data scientists, nurses, lawyers and customer service.

All employees are changing.

Gone are the days of spending 30 years of your life with one company, riding in booster seats and retiring with a gold pocket watch and pension.

Millennials entering the workforce are facing a variety of challenges from the booming gig economy to companies taking advantage of degree programs to pay less for qualified candidates.

It has never been harder to find or keep a job.

And it won’t be easy anytime soon.

No one knows what the ultimate impact of AI will be on jobs in the millennia, but there is evidence on both sides. Some research shows that up to 50 percent of the work that people do now can be given to the machine. Some research and anecdotes from companies where AI is being used already show that AI will create more jobs.

In any case, Millenials are the most vulnerable because they have many years of work ahead of them and are more likely to apply for lower-level positions that can be automated.

If you’re a millennial looking for a job in accounting or mortgage lending, you might want to reconsider because those jobs are at the top of the list of jobs that could be done by robotics or RPA.

We still don’t know how AI will change the job market in the coming years, but it’s never too early to think about it and prepare yourself or your children for a brave new world.

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