Professions on the Brink: How to Adapt in a World Where Jobs are Disappearing

Professions on the Brink: How to Adapt in a World Where Jobs are Disappearing

Such job offers are no longer available

“To illustrate the speed of technological change, the following example is often given: it took millions of years for mankind to learn to control fire and use it to cook food, and only 66 years from the first controlled flight of the Wright Flyer aircraft (1903) to the landing on the moon (1966). ). Today, the development of technology is even faster and it inevitably affects the labor market”, – 15min said the representative of the Employment Service (UZT), Milda Jankauskienė.

Specialties, the importance of which began to decline 10 years ago, managed to disappear. CEO of Emplonet personnel selection consultant Viktorija Brusokaitė even named several examples.

Here, with the appearance of platforms for watching movies and TV series, DVD rental points disappeared, along with the jobs associated with them. Well, with the start of filming parking lots and digitizing all the material, it is rare to see controllers or parking lot guards working physically.

Shutterstock Photo/DVD Rental

“We shouldn’t be surprised by the disappearance of these professions or the fact that they are decreasing – it is much cheaper for businesses to have robots or digital systems than to have physical employees,” stated V. Brusokaitė.

The decline in the production of some products in the country also has an impact.

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The impact⁣ of ⁤artificial intelligence ⁤on ⁢employment the role of ‍virtual agglomeration

“The Rise of a⁤ New Labor Market: How Technological Change⁤ is Redefining Job Opportunities”

As I delved into the latest news article, I couldn’t help but be‍ struck ​by the pace of technological change and its profound impact on the labor market. The representative of the ⁤Employment Service (UZT), Milda Jankauskienė, aptly ‌illustrates this phenomenon by comparing ⁣the‍ time it took for humans to control fire‍ and cook food ⁤to the mere 66 years it took⁢ to ⁤go from⁤ the first controlled⁢ flight to landing on the moon [[1]]. This comparison serves as a stark reminder of the unprecedented‍ speed ‌at which technology is advancing today.

The article highlights the decline of certain specialties that ​were once prominent in the job market. In fact, according‍ to Viktorija Brusokaitė, CEO of⁢ Emplonet personnel selection consultant, some of these specialties have disappeared altogether over the past decade. This phenomenon​ can be attributed to the rapid pace of technological change, which is transforming the labor market at an unprecedented rate.

Studies have consistently shown that technological change is driving⁢ a ⁢growing wedge between⁣ skilled and unskilled workers. Research by Battisti (2022) ⁤suggests that ​the productivity of skilled workers is growing at a rate of 11.5%‍ compared to unskilled workers, with skill-biased technical change (SBTC) being a significant driver‌ of this disparity⁤ [[1]]. This trend is further corroborated by⁤ a study by Torosyan (2023), which finds that ‍jobs are ‍becoming ⁤increasingly polarized into low and high-skill categories as a result of technological change ⁣ [[3]].

The ‌displacement of certain job categories ⁣due ⁣to technological change⁢ is inevitable. However, this displacement ⁣also presents opportunities⁢ for governments and policymakers to implement targeted responses to mitigate the adverse consequences of technological change. As Bürgisser (2023) suggests, compensation‍ policies can be implemented⁣ to address frictional‌ unemployment and provide support to workers who have been displaced by technological change [[2]].

the rise​ of a new labor market is being driven by technological change at an unprecedented pace. While this presents challenges, it also creates ​opportunities for policymakers and business leaders to adapt⁢ and‍ respond to these changes. As⁢ we move forward, ​it will be crucial ⁢to⁣ address the growing disparity between skilled and unskilled workers and provide‍ support to those ‍who have been displaced by technological change.

References:

[1]

[2]

[3]

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