SURVIVING THE AI JOB APOCALYPSE:

HOW TO SECURE YOUR INCOME AND LIVELIHOOD IN THE NEW AI ERA

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If you are reading this piece, I can guess that you are really concern about the recent Artificial Intelligence (AI) onslaught on the immediate future of your job and industry.

The good news is that you are not alone. All across the world, Artificial Intelligence (AI) has been revolutionizing various industries, and disrupting careers both little and great. Some claim AI is making work more efficient, accurate, and cost-effective, well that is true from a business or employer’s standpoint. However, as much as AI offers many benefits, it also poses a significant threat to employees’ jobs. AI can automate many tasks that were previously done by humans, leading to job losses and employee displacement. Therefore, as an employee, you need to start thinking of a way out before the inevitable happens.

Trust me, you are not alone

Meet John, Your Personal Avatar!

Please, permit me to paint a vivid mental picture that should help you understand the AI threat accurately:

Let’s assume you are Mr. John, a very hardworking middle age man. Six months from now, you are sitting at your kitchen table, staring at the letter you got from office the previous evening. The pathetic news is that you had lost your job to AI, and now, you just don’t know what to do. After 20 years of working as the most productive head of your department, you never thought you’d be replaced by a computer.

Reminiscing over the last 20 years of your illustrious career, your heart is beating much faster as the weight of the unpleasant situation bears down on you.

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And then your sweetheart, Carol walked into the room, seeing the look on your face and immediately knew something was wrong:

“What’s going on, John?” she asked, placing a hand on your cold shoulder.

“I lost my job,” you said, handing her the letter.

Carol read it over, her eyes widening in shock. “I’m so sorry, John,” she said, squeezing your shoulder once more, but gently.

In that instance, you felt a wave of despair wash over you. You had dedicated your entire career to this company, and suddenly you are out of work.

How are you going to pay the bills?

How are you going to provide for your dear family?

As you sat there, lost in thought, you couldn’t help but feel angry at the world. Why am I being replaced by a machine? What have I done wrong?

You know you have to do something, but you are not sure what. You had never been particularly tech-savvy, and the thought of starting a new career at your age is daunting.

“That scenario is the reality of several employees all across Europe, America and Asia. Millions are losing their jobs and the safety net can no longer hold them and their families.”

- Jane Smith

Personal Coach

Business owners will continue to prioritize profits over pay-cheques; meaning your very job is at risk.

Before you say it can never happen to me read this:

AI is already being used in various industries such as manufacturing, finance, healthcare, and transportation, among others. AI’s primary impact is to automate repetitive tasks that require low-level cognitive skills, such as data entry, processing, and analysis. Many are losing their jobs as we speak.

AI-powered robots and machines can work around the clock without fatigue, errors, or breaks. This automation leads to higher productivity, quality, and efficiency, reducing labor costs, and increasing profits for businesses. This also means that many jobs that require low-level cognitive skills will be automated, leading to job losses.

According to a report by the World Economic Forum, AI and automation could displace 75 million jobs globally by 2022. This could lead to a rise in unemployment rates, income inequality, and economic insecurity.

In a nutshell, there is no more job security, your competitor is not some fresh graduate or an MBA executive, no. It is that invisible yet ubiquitous AI. And guess what, your employer is already contemplating outsourcing your job to the machine. But they won’t tell you, no, not until it is too late for you!

Experts have described the invention of Artificial intelligence, AI in the technology space as a game-changing concept with across-the-board implications for businesses and jobs.

- Jane Smith

Personal Coach

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Elon Musk predicts that “computers, intelligent machines, and robots seem like the workforce of the future.” And as more and more jobs are replaced by technology,” he says, “people will have less work to do and ultimately will be sustained by payments from the government.”

This is coming as Tech innovations continue to give concerns that human resources in the business world will be overtaken by artificial intelligence.

Some have even compared this innovation to the Loom which altered the way people work in the textile industry.

It’s Happening in Africa and UAE

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Prateek Suri, CEO of Maser Group, a smart TV manufacturer based in UAE and Africa, said “the world is changing at a such rapid pace that it is nearly impossible for the present-day workforce to catch up with the ‘creative destruction’ impacting their jobs and future. Artificial intelligence (AI) like other exponential technologies could leave our workforce dazed without a cocktail of policy instruments and a new world-view to tackle the attendant disruptions to jobs and incomes across the world. Even workers and employers have to make hard decisions now.”

Don't be a victim of automation

The PricewaterhouseCoopers, PwC in recent research said by the mid-2030s, one-third of all employees would be at risk of being automated as a result of AI.

According to a recent report by economists Daron Acemoglu at MIT and Boston University, “robots could replace 2 million more employees in manufacturing alone by 2025.

Bill Gates, co-founder of Microsoft, has also discussed the impact of AI on jobs, stating that it will create both new jobs and eliminate existing ones. He has emphasized the need for workers to develop new skills to remain competitive in the job market.

Andrew Yang, former presidential candidate, has made AI and automation a central issue of his platform, proposing a universal basic income as a solution to the potential job losses caused by these technologies.

The research stated that the workforce segment most likely to be affected would be individuals with a low level of education such as cashiers, food-service workers, and customer service representatives, among others mostly endangered by automation.

Sad But True:

AI is far better than You (and the traditional Me)

It’s essential to understand why AI is replacing human jobs. The primary reason is that AI systems are faster, more efficient, and more accurate than humans in completing specific tasks. In addition, AI can operate around the clock without needing breaks, sick leave, or vacations, unlike human workers.

AI is already taking away jobs from employees across various industries, from manufacturing to finance, healthcare, and retail. For instance, self-driving cars are becoming increasingly popular, which could result in the loss of millions of jobs for drivers. Similarly, automated customer service tools are replacing traditional call centers, and AI-powered software is transforming the legal industry.

Reminiscing over the last 20 years of your illustrious career, your heart is beating much faster as the weight of the unpleasant situation bears down on you.

Don't be a victim of automation

You don’t need a palm-reader or stargazer to tell you that companies are increasingly seeking to automate repetitive, low-skill tasks to reduce labor costs and increase efficiency. This trend has led to an increase in the use of robots and other automated technologies across various industries. As a result, human workers who perform these tasks are becoming redundant and at risk of losing their jobs.

When the Mighty Shiver!

Notable Ai-induced Tech Job Lay-offs in 2023

Meta (Facebook)

Announced April 18th that it is expected to lay off 10,000 jobs in the coming months. This is on top of the 11,000 jobs that were cut in November.

Amazon

Announced March 20 another round of substantial layoffs, this time 9,000 people are set to lose their jobs.

Shopify

Announced May 4 that it is laying off 20% of its workforce, impacting more than 2,000 people. It’s also selling its logistics business to Flexport for roughly 13% in stock.

Disney

On March 27 in an internal memo to employees, Disney revealed there will be three rounds of layoffs, the first beginning this week. The job cuts will impact approximately 7,000 employees, which was announced in February.

Microsoft

As a part of its recent announcement to layoff 10,000 people, Microsoft laid off an entire team dedicated to guiding AI innovation that leads to ethical, responsible and sustainable outcomes.

Yahoo

Announced on February 9, 20% of its staff, impacting 1,600 employees in its adtech business.

You Need to Start Thinking

What to do to avert the danger

If you’re currently employed in an industry that is at risk of AI-related job losses, it’s crucial to start thinking of a way out before you get sacked. Here are two things you can do to help you navigate this transition:

Option 1: Upskill

With AI taking over routine tasks, companies are increasingly looking for employees with specialized skills that are difficult to automate. Therefore, investing in learning new skills that will be in demand in the future can help you secure your job and increase your earning potential.

Option 2: Start an Online Business

The entrepreneurial landscape is evolving with the advent of AI. Entrepreneurs can leverage AI technologies to create innovative solutions, streamline processes, and disrupt industries. Those willing to embrace AI and identify niche opportunities can build successful businesses and carve out their own paths.

Take the case of John, the middle-aged man,

Here is how the story ended:

For weeks, John wallowed in self-pity, unsure of what to do next.

He sat in his living room, staring blankly at the TV screen. At 50 years old, he felt too old to start over and too young to retire.

As he sat there, lost in thought, his wife came into the room and sat down next to him. “How are you holding up?” she asked, placing a comforting hand on his shoulder.

“I don’t know, Carol,” John replied, his voice heavy with sadness. “I never thought I’d lose my job to a machine.”

“I know it’s tough, but you’ll figure it out,” Carol said, trying to reassure him. “Maybe it’s time for a change. You’ve always talked about starting your own business. Maybe now is the time to do it.”

John sighed. “I don’t know, Carol. It’s not that easy. I don’t have the skills or the capital to start a business. And who would hire a middle-aged man like me in this job market?”

“You’re selling yourself short,” Carol said firmly. “You have years of experience, a strong work ethic, and a lot of knowledge that machines can’t replicate. You just need to find the right opportunity.”

John nodded thoughtfully. Maybe she was right. He had always been a hard worker, and he had accumulated a wealth of knowledge and expertise in his field. Maybe it was time to leverage that knowledge in a new way.

Luckily, He found a way

But one day, as he was scrolling through social media, he stumbled upon an article about how people were making money online. Intrigued, he began to read more and more about this new world of e-commerce.

He realized that he had always been interested in technology and had some basic computer skills, so he decided to give it a try. He started by researching different online businesses and eventually settled on selling products through Amazon’s FBA program.

John spent countless hours learning how to start an Amazon store, source products, and optimize listings. He was determined to make this work, even if it meant starting from scratch.

He learned a new skill

As he dove deeper into the world of e-commerce, John realized that he had found a new passion. He enjoyed learning about digital marketing, search engine optimization, and product sourcing. He even started networking with other online entrepreneurs and joined Facebook groups where he could learn from others and share his own experiences.

It wasn’t easy at first. John faced numerous challenges, from finding profitable products to dealing with customer complaints. But he persevered and slowly but surely, his business began to grow.

Months turned into years, and John’s online business grew beyond his wildest dreams. He was able to earn a steady income, pay off his debts, and even save for the future. He no longer felt lost or helpless. Instead, he felt empowered and in control of his own destiny.

John had transformed his life by learning how to make money online after losing his job to AI. He had found a new career path that not only provided financial stability but also brought him a sense of fulfillment and purpose.

Its your turn to smile

In conclusion, AI is undoubtedly taking away jobs from employees across various industries. However, it’s essential to understand why this is happening and how to navigate this transition successfully. By upskilling, and embracing online business model, you can position yourself to thrive in an AI-driven job market. Go beyond your routine work tasks.

Learn how to setup an online business and secure your destiny. At XYZ log, we are dedicated to helping you achieve that transition through practical and actionable guides.

To get started with any of our online business model training, click the link below.