Artificial intelligence poses serious threat to millennial jobs
As artificial intelligence (AI) continues to disrupt the workplace with its cost-effective technologies and rapidly expanding impact, more and more millennial jobs across multiple sectors seem to be at stake.
A recently published study by American research-based management consulting company Gallup revealed that millennials, who make up the majority of today’s workforce, are the most vulnerable generation to the threat of AI and automation.
“Nearly four in 10 millennials (37 percent) are at high risk of having their job replaced by automation, compared with 32 percent of those in the two older generations,” according to the study report.
And while this phenomenon may be a natural outcome of the evolution of the workplace in recent years, one major reason behind its magnitude is the fact that millennials exceptionally tend to hold positions with a strong likelihood of being replaced by new technology in the near future, as opposed to older age cohorts.
But despite the fact that 34 percent of millennial respondents whose jobs are in the medium to high risk category for robotic replacement have expressed concerns about losing their job or having it outsourced, the study suggested that leaders are still unprepared for its impact on employee engagement.
In order to better prepare their personnel for the AI revolution, Gallup advised companies to manage employees’ emotional states by implementing “future state readiness audits,” which involve partnering with other business leaders to map out future job demands, AI adoption plans and the state of the workforce in light of these changes.
“The best-performing companies — particularly their human resource departments — proactively communicate about and plan for the AI revolution as it relates to employees,” the report stated. “By understanding employees' needs and demonstrating how AI can assist employees, companies can improve employee engagement and amplify workers' performance.”
This being said, jobs that require strategy and critical thinking such as software engineering, data science, nursing and law practice among others remain relatively immune to being replaced by AI.