Movies have got it all wrong. Machines won’t be coming after our lives. They’ll be coming after our jobs!
The steady rise of automation and artificial intelligence poses a grave danger ahead of us. Today, you might be an engineer, doctor or the best CA in town but tomorrow you could be replaced by technology and rendered obsolete. A 2013 study by Oxford economists Carl Benedikt Frey and Michael Osborne concluded that around 47 percent of US jobs were at high risk from automation in the next 20 years.
The situation in India is no different. According to the Labour Bureau, Indian economy was generating around 900,000 jobs in 2010 and 2011. Since then, the jobs created in the economy have consistently fallen, reaching around 135,000 in 2015 as opposed to the need for an annual generation of over 11,00,000 jobs. A graduate degree no longer provides the guarantee of a job.
I think the question that we really need to ask here is, if no new jobs are being generated and our current jobs are being replaced by machines, how can we reorganize the education system to avoid a catastrophe?