Goldman Sachs warns that artificial intelligence could displace 300 million jobs worldwide, and in 2025 alone, AI has already eliminated 76,440 jobs in the USA.
The global economy stands on the threshold of a major transformation. Within the next 10 years, our working lives and income sources will undergo fundamental change. The rapid development of artificial intelligence and automation technologies is reshaping traditional business models and employment structures.
Here's an overview of my predictions for the next 10 years.
Radical Change in the Business World
In the future, most people will not earn their income from full-time jobs. As artificial intelligence and automation transform many professions, some will be completely eliminated. While machines take over routine tasks, people will be forced to turn to different income sources.
Though this change may seem frightening, it will actually bring about an unprecedented period of abundance in production. Automation will increase productivity to levels never before seen in history. The production capacity of machines will far exceed that of human labor.
Universal Basic Income: The Foundation of the New Economic Order
One of the most important elements of the post-labor economy will be the concept of Universal Basic Income. People will have an income that can meet their basic needs without working in return. This is seen as a critical way for society to adapt to the age of automation and artificial intelligence.
The Rise of Creativity
In this new economic order, jobs requiring creativity will gain tremendous value. Just as in the Renaissance period, great breakthroughs will occur in the arts. While mathematics and technical knowledge stood out in the 20th century, language skills and creativity will come to the forefront in the 21st century.
The ability to produce creative content in English (and perhaps Turkish and Chinese) will become one of the most valuable skills in the future. While artificial intelligence systems can perform technical tasks perfectly, original creativity and the human touch will always remain valuable.
Being Ready for Change
The coming decades will witness a period of economic and social change unprecedented in human history. During this transformation process, we must equip ourselves with new skills, develop our creativity, and think beyond traditional concepts of work.
The post-labor economy offers great opportunities along with challenges. Perhaps for the first time in history, humanity will be able to free itself from the burden of compulsory work and turn to areas it is truly passionate about and they will understand purpose of life better. To succeed in this new era, embracing change and adapting to the new world order will be our most important strategy.