Contents of this Blogs are taken from “The Robots are Coming: A Human’s Survival Guide to Profiting in the Age of Automation,” sees plenty of white collar jobs that will be threatened by automation. This is not
- “Any routine job that can easily be defined by a mathematical or logic equation will be at risk,”
- “Opportunity will be [there] for those that can create new produces/services or solve/fix unexpected problems.”
The number of traditional mortgage brokers dropped by 80 percent during the Great Recession, and for those who were able to keep their jobs, average salaries dropped by 30 percent. And the profession hasn’t really recovered, according to Timothy G. Wiedman, a retired professor of management and human resources at Doane University in Nebraska.
Add in that Millennials, the home buyers of the future, have grown up doing everything online, and the outlook for mortgage brokers looks bleak at best.
“However, many of the numeric and financial skills possessed by folks who might be attracted to that profession could be utilized elsewhere in the financial services industry,” Wiedman said. “So, by earning different professional credentials, those folks won’t starve.”
Blame artificial intelligence for the decline of the bookkeeping profession, says Dmytro Arshynov of DMA Financial Management LLC in New York. Sites like QuickBooks Online and Receipt Bank can automatically download your bank account information and prepare a simple Form 1040 and Schedule form.
With the technology constantly improving, Arshynov believes the job of bookkeeping will be eliminated within a decade and replaced with automated technologies.
The world will always have lawyers, but a lot of the work they do — or used to do is quickly being taken over by technology.
6 Sigma observes that a lot of the work once done by case researchers can now be done with increasingly sophisticated algorithms. Our recommendation for aspiring legal eagles is to focus on non-routine human emotion intense areas, like jury selection or witness profiling.
4. IT Support
Or, as they’re also known, system and server administrators.
With so much of computing becoming cloud-based, the general IT person who patrolled your office is becoming less and less relevant in today’s workforce. The change is already happening at smaller businesses, which find it cheaper and more efficient to outsource the work.
“The good news is, it is creating the opportunity for programmers, freelancers and system administrators willing to pivot to manage their client servers remotely and profitably, and at better scale,” Fiorentino said.
5. Routine Architect
Jim Molinelli is a licensed architect who has taught architecture at Texas A&M University. But he doesn’t see a bright future for people looking to get into the field.
To become a licensed architect requires five or six years of college and another three to five years of internships. “All that to earn far less than the public assumes, and provide a service that is not exclusive or in demand,” Molinelli said.
Molinelli points out that a lot of the services architects provide can be provided by people who do not have licenses.
“In the corporate world, engineers can do the same tasks, and in a residential application, anyone can draw plans for new homes or for remodeling permits as long as they comply with the current codes,” he said. “With the ability to do it yourself, or hire other non-licensed alternatives for work on housing, the public almost never sees a value in spending to hire an architect.”
6. Telephone Switchboard Reception
Yes, there are still a few people who work as operators, but their numbers have been declining for decades and are projected to fall another 33 percent in the next 10 years.
By 2020, there will be just 109,300 people working as switchboard operators.
Once again, blame technology. We even heard about an office that is using Amazon’s Alexa to direct phone calls to the right recipient. Texting, voice mail and other A.I.-enhanced systems could make this job obsolete even sooner than projected.
7. Door-To-Door Salespeople
It really is the death of the salesman: About one in five of these jobs will be gone by 2026, according to BLS. Targeted, online advertising is far more efficient than having someone brave the elements, over-protective dogs and customers who just aren’t interested.
There are, however, still plenty of opportunities for salespeople. Insurance sales agents, earn close to double what door-to-door salesmen earn, and their numbers are growing: the number of people working in the field will expand by 10.6 percent to 651,215 by 2026.
8. Travel Agent
Thanks to online travel booking sites, everyone is their own personal travel agent these days. The Bureau of Labor Statistics (BLS) projects that the number of travel agents will decline by 12 percent over the next ten years.
There is, however, an alternative career on the rise. The Occupational Outlook Handbook predicts an increase in the need for people who are experts in specific destinations or particular types of travelers. That could include corporate, luxury, study abroad or travellers over 55.
9. Middle Managers
10. Financial Planners
Tasks once performed by low-level retail financial planners are quickly being outsourced to planning software, apps, robo advisors and investing algorithms, 6SC says.
But, he added, an “opportunity remains for those than can implement market-timing strategies along with asset protection and risk mitigation.”