...by Daniel Szego
"On a long enough timeline we will all become Satoshi Nakamoto.."
Daniel Szego

Sunday, April 2, 2017

Notes on the job-market and digital disruption

To be absolutely honest, current job market does not really need humans to work. The demand is rather for something (or someone ?) capable to work on 7/24 basis with 99% availability. The only problem is that at some fields although the demand is clearly manifested there is simply no such a supply, with other worlds the semi intelligent robots, cyborgs or machine algorithms are simply not yet on the market capable of doing some of the most complicated work that are currently done by humans.  

However as these technologies slowly appear, there will be a clear shift on the job-market. On the one hand, jobs are realized by humans where the competitor technology is simply too expensive. As an example, most cleaning jobs are still made by humans just because although the competitor cleaning technology is already available, it is simply too expensive comparing to people doing the cleaning job for instance on a part-time basis. On the other hand jobs remain where it is still simply not possible to find a competitor technology, like lawyer at the moment. In this sense the job market will become pretty much two sided, concentrating on these the two extreme part. Unfortunately this trend will become more and more intensive in the nearest future.