Quote:
Originally Posted by Lalvaz I think you're confusing two issues here. |
Why do you assume that?
Quote:
Originally Posted by Lalvaz Firstly, could you share some examples of jobs being taken up by machines? Also, how does this mechanization adversely impact the demand for consumer items? |
While I was busy, many have answered this question. Looks like you have not seen how many jobs have been killed by cloud and SaaS. I also provide SaaS over the cloud, so I am acutely aware of what is happening.
Quote:
Originally Posted by Lalvaz Perhaps, the middle aged professionals have already invested some of their hard earned top salaries and are resilient from any layoffs. Perhaps they think the next big thing is real estate and they've built up their real estate portfolio. |
What does even mean?
Quote:
Originally Posted by Lalvaz Please do not get me wrong, but I think as people age, the opportunities available to them reduce, except in some professions where experience is greatly valued, like a cardiac surgeon. In most other professions, people prefer young blood, fresh thinking, hard working youngsters, and also, as your salary rises with age and experience, the number of opportunities naturally reduce, since the job market is really like a pyramid. How many CEO level openings are there v/s entry level openings? |
You are going completely tangential to the general idea of this thread. My thoughts are perfectly aligned to the theme of this thread, which is about preparing people for future jobs.
Quote:
Originally Posted by Lalvaz I also think that we should not be unduly paranoid about change, but should work at being better prepared at dealing with any risks arising out of change. That change could be mechanization or otherwise. |
Paranoia because we are not prepared, not only that, we walking in the opposite direction and won't be able to catch the next wave if this continues.
Quote:
Originally Posted by Lalvaz How do you know whether people are prepared for the next big thing, without even knowing what it is. |
Why do you assume I have no clue about it?
The last 20+ years of IT industry demanded very little from the typical IT person in the form of creativity and analytical skills. The term "code coolie" was coined because of this. However, SaaS and cloud are systematically wiping these jobs away. Now there are offices with just a bunch of laptops connected to a broadband router over wifi using SaaS. Now companies don't go for custom application software, they just rent it from SaaS providers. Also, they don't need a system admin or network admin on hand. All the infra servers or services like mail and other collaboration software is on the cloud. So these support jobs have gone too. All the big cloud setups are in developed countries where power/broadband connectivity is much better.
Any job that doesn't require complex decision making are being lost to the CPUs on the cloud. Code coolies or drones are becoming a thing of the past. Speech recognition packages are replacing medical transcription.
So what kind of jobs will remain? The kind that requires creativity, domain knowledge, analytic skills, etc. I am aware of two upcoming waves by association...
Solar energy is creating a whole new industry, which requires all kind of gadgets and software for control and management. Right now it is said that only 1% of the electrical engineers in India understand electricity. So who is going to address this need?
Data Analystics is another highly undermanned area. Every industry is generating whole lot of data. But we have very few statisticians who can slice and dice this data and turn it into useful information. This requires really smart statisticians. But how many smart students take statistics as their primary occupation?
Similarly, there could be many waves which might end up as the next big thing. But our colleges are still churning out drones without any conceptual understanding of the subject matter they studied.
Quote:
Originally Posted by Lalvaz Now, are you saying that these Middle aged professionals are unable to find jobs due to mechanization? |
Middle aged professionals generally manage people, and there are not enough people to manage because those jobs have gone into the cloud. In addition, these middle aged professionals are the relics of the IT revolution that didn't need any hard skill. So they barely learned anything that could be useful in the future.
There is also this mass delusion that is the result of this low skill IT revolution that lasted 20+ years. People expect pay according to their years of experience, rather than the value they bring to the organization. I don't even understand where this is coming from. I often get emails from experienced IT folks saying "I make so much now, expect 20% hike if you hire me". Meanwhile I don't see much in their resume even to offer half that amount. It prompted me to write
this article last year.