Don’t Guess! Here Are The Top 4 Future-Proof College Majors
According to a study out of Oxford University and many other studies including reports coming out of PWC and the Wharton School of Business, in about 7 – 8 years (absolute worst case scenario), 50% of jobs are going away because of advances in robotics, automation, and artificial intelligence. And in the best case scenario, within the next 25 years, 50% of jobs will vanish.
It’s a reason why I strongly believe people everywhere will eventually end up receiving free money from the government, regardless of whether or not they work, and with zero requirements.
Tesla and SpaceX CEO Elon Musk is adamant about this, saying that technology will eventually replace most, if not all jobs, in the future. He is on record saying “there is a pretty good chance we end up with a universal basic income, or something like that, due to automation…yeah, I am not sure what else one would do. I think that is what would happen.”
Founder of Alibaba, Jack Ma, agreed that automation will make the next few decades painful for a big percentage of the population, globally. He recently said that “the new wave is coming. Jobs will be taken away,” Ma says. “Some people, who catch up [with] the wave, will be rich, will be more successful.”
CEO of Facebook, Mark Zuckerberg recently said at a Harvard commencement address that “we should explore ideas like universal basic income to make sure that everyone has a cushion to try new ideas.”
But before something like that is implemented globally, jobs will still be around.
So here are some of the areas of study I would be interested in if I was in high school right now, or in college, wondering what field of study I should go into or focus my time on.
Because of all the changes that are coming down the pike, skills that are associated with data (and analysis of that data), will be extremely valuable. Because the entire world will revolve around data. And people like Jack Ma, and Eric Schmidt, Executive Chairman of Alphabet (parent company of Google) agree that data analytics is going to be crucial in the workplace.
Today, skills such as mobile app development, software engineering, and Java development are in high demand in the marketplace. More and more, coding will be a “core” discipline. I’ve read in many places that coding may even be the new blue collar job of the future, given that it’d be so fundamental for everything we do and create. So in other words, you can’t go wrong with coding. It’ll be a solid job, providing a stable income in a tech-driven world.
Surprise! You didn’t think this would be on the list did you? Liberal arts, in an interview with Business Insider, Mark Cuban (billionaire entrepreneur and owner of the Dallas Mavericks), said this when asked if finance or programming would be his choice if he had to start over again. Here’s how he responded: “no finance. That’s the easiest thing — you just take the data have it spit out whatever you need. I personally think there’s going to be a greater demand in 10 years for liberal arts majors than there were for programming majors and maybe even engineering, because when the data is all being spit out for you, options are being spit out for you, you need a different perspective in order to have a different view of the data. And so having someone who is more of a freer thinker.”
Some healthcare professionals will become obsolete. It’s hard to believe, but we’re starting to have Artificial Intelligence that is performing surgery better than human surgeons and AI that is better at diagnosing diseases like cancer, better than human doctors (here’s the CNBC article). Another article from 2016 reports: “In a robotic surgery breakthrough, a bot stitched up a pig’s small intestines using its own vision, tools, and intelligence to carry out the procedure. What’s more, the Smart Tissue Autonomous Robot (STAR) did a better job on the operation than human surgeons who were given the same task. And Google just recently teamed up with Johnson & Johnson to develop surgical robots that use artificial intelligence.
What won’t be changing for at least the next few decades is the “personal touch” and emotional component (i.e. human empathy) of health care. And it’s an area that robots are having a hard time replicating; and won’t have the ability to do very well, if ever. So given this fact, nurses will always be in high demand since AI and automation will have a harder time replacing those types of more intimate jobs that require a human touch.
What do you think of this list? Do you agree or disagree? Does some of this surprise you? What are your thoughts on the future of employment and the changing environment due to technological advances?
Business Standard – 50% of occupations today will no longer exist in 2025: report
Fortune – Robots could steal 40% of jobs by 2030