In the era of emerging technology, we need solutions that will inevitably address job loss that will happen due to automation. A report by the McKinsey Global Institute predicts that by 2030 as many as 800 million jobs could be lost worldwide to automation. Let’s look at some of the emerging technology that companies are currently working on:
- Driverless cars. Several companies are now in works developing the technology that will allow cars to drive without human interaction. Once perfected, Americans working in the transportation industry will start losing jobs. And vehicles are only the start; the trucking industry will be next.
- Bots. Most of us have interacted with bots. From twitter to online retail, bots have replaced humans and now are the preferred choice by most online retailers.
- Robotics. Robotics is already here. Companies like Ford, Nissan, Carrier, Walmart, Amazon, DHL, and Tesla all use some form of robotics. Other companies like Target, Lowes, Pizza Hut are currently looking to invest in robotic automation.
So where do we go from here? Education is the key. High Schools, Technical Schools, and Colleges are currently working to modernize their coursework. But this requires additional funding from Congress to ensure our kids are ready for the fast-past changes in technology. Additional funding will be needed for retaining Americans that are already in the workforce. Finally, new regulations need to be imposed on these billion-dollar technology companies. Many individuals in Congress have law degrees. Only a few have advanced technical degrees. We need more people that have worked in the technology industry that have ideas to bring America into the new era. While in Congress, I will serve as one of those individuals that have worked for over 20 years in the technology industry, both the public and private sectors.