According to the UN, the world population will reach 8 billion in November 2022 and is expected to grow to about 8.5 billion in 2030 and 9.7 billion in 2050. It is projected to peak during the 2080s at about 10.4 billion people and remains at that level until the 22nd century. What impact will the ongoing technological revolution have on a world of 10 billion people in the coming decades? The biggest concern is that technology (AI & machines, etc.) will replace human work and create many unemployed people.
Oxford University and NRI have announced that 47% of the workforce in the United States will be replaced by AI and machines in 10 to 20 years. In 2021, the U.S. population over approximately 330 million, with a working-age population ratio of roughly 50%.
330,000,000 (total population) X 50% (working population ratio) X 47% (replacement rate) = 77,550,000 (unemployed)
If more than 70 million Americans become unemployed, it is clear that society will fall into chaos.
Looking at the current social situation, I do not think such labor substitution will progress by 2035. However, they are steadily improving ( autonomous driving, unmanned/store/factory, ultra-high-speed dealings, etc.) to that technology level. Sooner or later, AI and machines will replace 50% of our current workforce.
We should recognize that the problem is already contained in society, and politics and administration will not respond until the problem becomes evident, so many victims will occur in the community.
Technology is changing rapidly, but politics and administration are still lagging.
This is administrative negligence, and the organizational system should remake itself and respond to the changing times.
Author – Hide M Gerald
