What Are the Fastest Growing and Declining Jobs? Due largely to AI.
| Fastest Growing Jobs | Fastest Declining Jobs | |
|---|---|---|
| 1 | Big data specialists | Postal service clerks |
| 2 | FinTech engineers | Bank tellers and related clerks |
| 3 | AI and machine learning specialists | Data entry clerks |
| 4 | Software and applications developers | Cashiers and ticket clerks |
| 5 | Security management specialists | Administrative assistants and executive secretaries |
| 6 | Data warehousing specialists | Printing and related trades workers |
| 7 | Autonomous and electric vehicle specialists | Accounting, bookkeeping and payroll clerks |
| 8 | UI and UX designers | Material-recording and stock-keeping clerks |
| 9 | Light truck or delivery services drivers | Transportation attendants and conductors |
| 10 | Internet of things specialists | Door-to-door sales workers, news and street vendors, and related workers |
| 11 | Data analysts and scientists | Graphic designers |
|---|---|---|
| 12 | Environmental engineers | Claims adjusters, examiners and investigators |
| 13 | Information security analysts | Legal officials |
| 14 | DevOps engineers | Legal secretaries |
| 15 | Renewable energy engineers | Telemarketers |
Source: Investopedia
Yes, there are many technical jobs, but some have personal components associated with them. Hopefully, this provides a place to start, especially for young adults planning on college or entering the workplace.
---
"As often accompanies advances in technology, AI’s rise has sparked concern regarding job loss and worker displacement. For example, the International Monetary Fund (IMF) predicted that 60 percent of all jobs in developed countries, like the United States, are likely to be impacted by AI in some way. In addition, the IMF argues that while about half of these jobs will be enhanced by AI, the other half could be negatively impacted, with some becoming obsolete altogether. The IMF believes that these changes are likely to be felt across large swaths of the economy, even impacting white-collar jobs that are usually insulated from market upheavals due to changing technology." (src: ACI)
However, bleak as that seems, the news isn't all bad.
The American Consumer Institute (ACI) goes on to write: "However, as more data becomes available, research is painting a much less dire picture. MIT’s recent study found that for the many jobs, the technology is still too costly for businesses to implement AI. In other words, it is still more efficient to use human labor. As a result, the mass displacement of workers that critics have long feared has not materialized. AI is simply not yet affordable enough to employ on a large scale and it could take years to get to that point. This means the economy will have an easier time absorbing the job losses and disruption caused by AI."
I won't pretend to know what will happen for certain, but we've seen the beginnings of a significant transition like the industrial revolution and digital revolution. Choose your career wisely and for those that need an idea, there are many people and books (eBooks to help you navigate this path.
----
Nestle, the global food and beverage giant, has announced plans to eliminate 16,000 jobs worldwide over the next two years. The decision marks one of the company's most significant workforce reductions in recent history and comes amid rising adoption of automation and artificial intelligence (AI) technologies across the corporate landscape.
The 16,000 layoffs represent roughly 6% of Nestle's workforce.