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2 billion jobs ‘to be lost by 2030’
BY MATOVU ABDALLAH TWAHA December 06, 2016
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DUBAI: The Executive Director and Senior Futurist at the US-based DaVinci Institute, Thomas Frey, has told delegates at a three-day Knowledge Summit which was opened on Dec.5 at Dubai’s Grand Hyatt, that about two billion jobs will be lost by 2030 due to technological advancement.

“No industry is safe from technological displacement of jobs,” he said while making a presentation under the topic: “Future Technologies: What’s Hidden?” Giving an example of driverless cars, Frey, a Google top rated futurist speaker who also “works closely with the DaVinci Institute’s Senior Fellows and Board of Visionaries “to develop original research studies,” showed a chain of examples of jobs to be lost.

He said that as many cities are opening up for driverless cars, the authorities will get convinced that “driverless cars are a substantially safer and more effective option because, among other things, they eliminate human variables such as drinking or talking on the phone while driving.

“This will lead to loss of jobs related to package delivering, courier service; taxi, truck and bus driving; jobs at gas stations, parking lots, traffic cops, traffic courts will all be grossly affected. Remember that companies such as Volvo have vowed to produce death-proof cars by 2020.”

JOB LOST, JOBS CREATED

He however cast an air of hope when he said that as jobs are lost, many more jobs will be created. “Disappearance of jobs does not mean running out of work to do. Exponential decrease creates equally exponential capabilities,” he said.

He said that mega accomplishment will take place. “Where will they come from? From futuristic industries: Internet of Things (IoT); 3D printing; flying drones, artificial intelligence, driverless technologies, contour crafting, trillion sensor movement among others.”

He said; “in our quest to create jobs, all existing industries will be disrupted. There are no safe industries in this drive.”
 

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