Future global job prospects: Will you lose your job to a robot?

As parents, we are always concerned about our children’s future, including how to plan their education to prepare them for employment challenges that lie ahead.
SIN CHEW DAILY, 7 JANUARY 2019
A main concern for parents is, what are the changes that will affect future employment?
Will a ‘fail proof’ industry today still be relevant in a few years’ time? Could your child’s desired career path become obsolete with technological advancements?

Before we explore future employment trends, let us take stock of the technology era that we are in.

Automated shops and restaurants, unmanned hotels operating in China and Japan, an increasing number of self-checkout machines at Malaysian supermarkets, self check-in and baggage handling at airports, voice recognition within five metres and interactive communication with Siri, nearly 100% perfection in 3D printing – all these examples are just the tip of the iceberg when it comes to telling how far we have come in this digital era.

The global future employment trend can be seen from the data
At this point, you may ask, if technology develops rapidly, does this mean that existing jobs or roles in the future are going to be replaced? According to the Future of Jobs Survey 2018 published by the World Economic Forum, they are able to provide some insight into future trends through 3 points of focus and supporting data. This survey was conducted with more than 300 companies globally, interviewing people from various backgrounds ranging from Human Resource Officials, Strategy Directors as well as CEOs (Chief Executive Officers). The interviewees represent more than 15 million employees, from 20 advanced and emerging organisations which account for 70% of the global economy, therefore this report holds a significant level of credibility.

First emphasis: 50% of jobs will be replaced by machines by 2025
According to the report, machines now account for 29% of completed work and by 2022, this number is expected to rise to 42%. By 2025, this figure is expected to rise to 52%. In other words, in approximately 7 years, more than half of work tasks will be completely automated and completed by machines. In order to meet this future trend, many companies or organisations are starting to make adjustments to their future plans, where automation technology is taken into account and more resources invested in this area.


Second emphasis: Automobiles, Aerospace and Supply Chain Industries are heavily impacted by robots
According to the report, the advancement in high-speed broadband, artificial intelligence, big data analytics and cloud technologies will influence more organisations to utilise and adapt to new technologies from 2018 to 2022; this includes replacing humans with automated machines. The report divided robots into four categories - humanoid robots, stationary robots, air and underwater robots, and non-human land robots. By year 2022, the proportion of fixed robots adopted by companies will reach 37%. This is expected to significantly impact the automobile, aerospace and supply chain industries by up to 53%, where the high adoption rate of non-human land robots will significantly impact these three industries, affecting up to 42% of the workforce. As for air and underwater robots, the 19% adoption rate is projected to affect more than half (52%) of the oil and gas industry.


Third emphasis: 75 million jobs will be obsolete by 2022
According to the report, the development of automation technology and artificial intelligence technology will replace 75 million existing jobs by 2022. The top 10 jobs that are likely to be replaced include Secretaries, Accountants and Auditors, Factory Workers who are responsible for entering data or doing paperwork, Engineers, Operations Manager and others. Following the reorganisation of companies with the division of labor between machines and humans, 1.33 billion jobs will be created as a result. In other words, by the time we reach 2022, there will be 58 million new jobs created, where the top 10 most sought-after jobs include data analysts and scientists, artificial intelligence and machine learning, sales and marketing and big data analysts.


"A technology-related workforce is still in great demand in Malaysia." - Mr. Gan Bock Herm
After taking an in-depth and global perspective on the employment trend, how do we see Malaysia adapting to this environment? According to Mr.Gan Bock Herm, Regional Manager of recruitment website Jobstreet.com, the environment is continuously changing with the development of technology. Malaysians tend to have a shifting perception for the definition of "career" as more new jobs are created.

According to Mr.Gan, there is an increasing workforce demand for some technology-related fields in Malaysia. He further explains that technology is yet to be the biggest driver of social and economic progress, especially in Malaysia which is still progressing towards high-tech development. In response to the fourth industrial revolution, many organisations begin revolutionising their products and services to align with technological advancement in order to gain a strong competitive advantage. Apart from requiring employees to adapt faster to the changing environment, staff also need to be creative and have the ability to help employers by thinking out of the box. This has created a demand in the job market for creative thinking employees, with the ability to analyse and provide strategic advice to companies. An excellent example is that of data analysts developing apps according to the suggestions and preferences of the customers (UX Developer).

Looking ahead at the work environment in the coming years, Mr.Gan does not recommend that people take up traditional jobs, especially those which involve menial tasks that can be automated, as machines are more accurate than human hands. He mentioned manufacturing and assembly-line employees as examples, where humans are challenged to work harder and faster than machines. All is not lost for these employees and instead of switching jobs, they can seek other ways to overcome this issue. He suggested that employees could learn how to manage machines or discern the source of production line problems and provide solutions to these problems faced.

In today’s world, the perception of a career is no longer what it used to be, like when the older generation focused on job titles, for example the dream of becoming a lawyer or a doctor. Parents from Generation X and Y, together with the younger Generation Z, focus more on career content and whether they can excel in their chosen path. Therefore today’s generation is more open to new career opportunities out there.

Mr. Gan added that while fresh graduates may search for direction, they are tech-savvy and their parents play a part in preparing them for future technology trends. As a father of two, he said that apart from keeping an open mind on career prospects, parents should also cultivate this same objective mindset in their children to be open to new jobs of the future. They can expose their children to new emerging technologies and encourage them to take up subjects such as science, technology, engineering and mathematics.

Apart from getting a certificate, people should focus on developing their soft skills such as teamwork, adaptability and the ability to think outside the box, as these will be in great demand in the future. He stressed that no matter how advanced technology becomes, the human brain will always be the best "machine". Some elements embedded inside a human mind are still needed to make important decisions, and there is no way that machines can replace humans. These elements are the soft skills that are gradually being incorporated into the subjects of colleges and universities. Therefore guiding your child in choosing a good college or university for an undergraduate degree is also an important aspect for their future.



To view this article in Mandarin, please click here.
To view a video about Future Jobs, please click here.