Technological advances and digital development are unstoppable within the knowledge era. The fourth industrial revolution is the current and developing environment in which disruptive technologies and trends such as the Internet of Things (IoT), robotics, virtual reality (VR) and artificial intelligence (AI) are changing the way we live and work.
The first industrial revolution, in the 18th and 19th centuries, involved a change from mostly agrarian societies to greater industrialization as a consequence of the steam engine and other technological developments. The next technological age, the second industrial revolution, was driven by electricity and involved expansion of industries and mass production as well as technological advances
The third industrial revolution sometimes called the digital revolution, involved the development of computers and IT (information technology) since the middle of the 20th century. The fourth industrial revolution is growing out of the third but is considered a new era rather than a continuation because of the explosiveness of its development and the disruptiveness of its technologies.
WHAT WILL HAPPEN IN FUTURE JOB AND EMPLOYMENT?
As the world is on the cusp of the 4th Industrial Revolution, there will be radical impact on the future of the jobs and employment. According to the report from World Economic Forum (WEF), automation, artificial intelligence, and robots are going to take away 5 million jobs by 2020.
Within 50 years, majority of Americans predict that robots and computers will take place of work currently done by humans (Pew Research Report). According to McKinsey, half of all existing work activities could be automated by currently existing technologies, saving some $16 trillion in wages. Jobs that once seemed like “safe bets”–office workers and administrative personnel, manufacturing, and even law—will be hit hardest, the report estimates. White collar professions such as law, finance, human resources and professional services could feel the same jobs squeeze that blue collar industries felt from the rise of robotics in the second half of the 20th century as employers realize more efficiency through technology.
Looking at fourth industrial revolution, it seem like we are advance in technology. From the side of technology, it is good to have a very updated technology. But from the other side, what will happen with job in future?
It’s means that in future they are no longer use people as worker because they will substitute some field of work with technology and robot which for them they can reduce employee and add more production. But what will happen to people that need work in future? Think about it …