Coronavirus pandemic has given a tough time to workers across industries as the job cuts, and layoffs are on the rise. In such times Jack Dorsey, CEO, Twitter said that Artificial Intelligence and Machine learning would soon replace most of the jobs in the world as automation makes the routine job independent of human intervention.
AI to replace software engineers and write its own code
According to the billionaire Jack Dorsey, artificial intelligence is all set to write software and develop code, thus decreasing the need for skilled software developers and engineers. The beginner level software engineers and developers would find it more difficult to secure high paying jobs.
Shared views on the podcast
In a podcast with Andrew Yang, he discussed the role of automation in the industries and how they are replacing the jobs done by a human. He said, “We talk a lot about the self-driving trucks in and whatnot. He said that AI is even coming for programming jobs.”
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Machine learning to write own software
“A lot of the goals of machine learning and deep learning is to write the software itself over time so a lot of entry-level programming jobs will just not be as relevant anymore”
Currently, software engineers are in demand
Software developers and engineers are highly sought after right now and fall in the high wage bracket of professionals; however, with AI disrupting the industry, there may be changes to the trend. AI would be able to write its own code, creating less demand for software engineers.
Need to learn new skills to combat changing markets
Talking about the UBI( Universal Basic Income), Dorsey discussed with Yang that such income would help people take care of their family, and they would be able to “eat and feed their children while they are learning how to transition into this new world.” As per Dorsey, software professionals need to learn new skills and upgrade themselves for the challenges ahead.
AI to jeopardize white-collar jobs
Artificial Intelligence is set to put a lot of white-collar jobs at risk with increased automation and machine learning. Most of the jobs would be done without human intervention, making it difficult for people to secure high paying tech jobs.
Brookings Institute paper reported a similar trend in its November issue.
“Our analysis shows that workers with graduate or professional degrees will be almost four times as exposed to AI as workers with just a high school degree. Holders of bachelor’s degrees will be the most exposed by education level, more than five times as exposed to AI than workers with just a high school degree.”