The Future of Work

Reading West & Mid Berkshire

06/05/2024

The advent of humanoid robots combined with artificial intelligence (AI) is poised to bring about a seismic shift in the global job market. Why? Because these advanced technologies are no longer just tools we use, but active participants capable of performing tasks with a degree of autonomy and precision that equals or surpasses human capabilities in certain areas.

Some are being designed to fit into the same spaces where we currently work and mimic our actions.

When integrated with AI, these robots can learn, adapt, and make decisions, thereby handling complex tasks that require cognitive abilities.

This technological revolution, while promising for some, also raises concerns about job displacement. As they become more prevalent, many traditional jobs may become obsolete. This could lead to significant job losses and require a fundamental restructuring of our economy and society.

So far, in every industrial revolution in history, that revolution has led to the creation of new jobs even as it rendered others obsolete. The key lies in our ability to anticipate these changes and adapt accordingly. We need to start planning for a future where work as we know it may no longer exist.

This involves constantly investing in education and training programs, but also exploring new socio-economic models.

Westminster is often way behind in terms of policy making and certainly did not think about things like the impact of the Amazon model of direct warehouse to shopper selling, and its reshaping of the high street.

We need to look at those businesses who will choose to replace a person with a robot. Ask questions like, Should the robot pay NI and Tax equivalent to employing a person? I personally think so, otherwise, how will services get paid for?

There are things we need to think about now so that as they arrive over the next decade, we at least have a plan.

That means having MPs that look at the long term not just the next election.