Not long ago, schoolchildren chose what they wanted to be when they grew up, and later selected the best college they could gain admission to, spent years gaining proficiency in their fields, and joined a company that had a need for their skills. Careers lasted lifetimes.
Now, by my estimates, the half-life of a career is about 10 years. I [Vivek Wadhwa] expect that it will decrease, within a decade, to five years. Advancing technologies will cause so much disruption to almost every industry that entire professions will disappear. And then, in about 15–20 years from now, we will be facing a jobless future, in which most jobs are done by machines and the cost of basic necessities such as food, energy and health care is negligible — just as the costs of cellphone communications and information are today. We will be entering an era of abundance in which we no longer have to work to have our basic needs met. And we will gain the freedom to pursue creative endeavors and do the things that we really like.
I am not kidding. Change is happening so fast that our children may not even need to learn how to drive. By the late 2020s, self-driving cars will have proven to be so much safer than human-driven ones that we will be debating whether humans should be banned from public roads; and clean energies such as solar and wind will be able to provide for 100 percent of the planet's energy needs and cost a fraction of what fossil fuel– and nuclear-based generation does today.
In other words, every industry is disruptible by technology. Presumably, banking and punditry are forever?
(Score: 1, Informative) by Anonymous Coward on Wednesday July 29 2015, @12:52AM
There was one guy, his name is practically synonymous with violent revolution that ended up spurring several rounds of just what you say never happened. His name: Karl Marx.
(Score: 0) by Anonymous Coward on Wednesday July 29 2015, @02:14PM
While I understand what your going for, just wanted to point out that Karl Marx was actually quite rich. Not top 1% rich or super wealthy like the GP; but rich none the less. That doesn't invalidate your point about the revolutions his mindwork started as he was long dead before those happened :).