Here’s how Millennials compare to Baby Boomers and Generation Xers, with respect to job seeker interest in automation prone industries:
In an interview Daniel Culbertson–the chief Economist for Indeed Hiring Labs and author of this report–said Millennials are just as risk of losing jobs to robots as older generations are.
“Millennials show a considerable amount of interest in occupations that face a threat of automation,” said Daniel Culbertson to Washington Post. “That gets lost when people talk about millennials being so highly educated and more interested in tech roles.”
He also added that colleges degrees don’t make Millennials immune to this phenomenon because well-paid, highly skilled jobs could be vulnerable in the future.
A September 2013 study from Oxford University found that the rise of automation in jobs will likely threaten 47 percent of U.S. jobs over the course of 20 years. Yikes!
The debate surrounding job creation in the U.S. is not new. In fact, President Trump has made it a priority of his to promote and encourage more American-made products with his “Buy American, Hire American” initiative–even at the expense of free enterprise. While a noble undertaking, this initiative could have some dire consequences. “Dirty Jobs” host Mike Rowe–a leading voice on vocational trades and American-minded jobs– perfectly addressed doubts most of us share on this executive order:
“First of all, I’m not sure I really understand it, to be honest. I mean, I’m not a lawyer and it’s an executive order and it’s full of a lot of fine print,” Rowe said. “Secondly, and more importantly, it feels like it might be a shortcut. And as my pop used to say, ‘shortcuts lead to long delays.’ I don’t know if it is or if it isn’t.
“If the executive order makes things more fair,” he continued, “if it does something to clamp down on, uh, currency manipulation and whole lot of other things I also really don’t understand, it feels like happen in the global economy that disadvantages our country, then I’m all for it.”
“But if it’s one of these things that is going to ultimately bring about some unintended consequences, I get nervous,” Rowe said.
Individuals like Rowe have been working to combat the stigma of “dirty jobs” — especially with his mikeroweWORKS Foundation, a charity that “rewards people with a passion to get trained for skilled jobs that actually exist.” The charity focuses on how to address the widening skills gap and works on debunking the myth that possessing a four-year college degree best ensures success.
One doesn’t have to be an economist to recognize that bad policies–namely high taxation, spending, and currency manipulation–have undermined job growth under a free enterprise system such as ours. Government has entangled itself in job creation for too long, when it should only be tasked with creating a business-friendly climate. Unfortunately the inevitability of technology, like automation, will put many individuals out of work–although many innovations that result from market forces will have positive contributions on the economy.
Fellow Millennials: there are many occupations you can pursue without fear of losing your jobs to robots–especially if you possess a worthless college degree. What are some initial steps you can do? Learn useful skills. Start investing and saving for the future. Work your way up the economic ladder. Tap into the gig economy and learn from successful ride-sharing companies. Embrace creative disruption. And most of all, don’t rely on government handouts.
Game on, robots!