Artificial intelligence has entered the workspace for some time and the move to automation is expected to increase over time. By 2033, nearly half of American jobs are likely to be automated. Major automakers, shippers, and even opportunities for journalism and health care are automated and increasingly perform the work of humans. All of this raises the question – where does this leave the small business?
Automation will force workers to look for income elsewhere. Many economists and politicians, including former Labor Secretary Robert Reich and entrepreneur and presidential candidate 2020 Andrew Yang, are pushing for the adoption of universal basic income. This would put a hefty tax on business income and redistribute it to the people while stimulating the economy and reducing the wealth gap. With this income plan, many citizens will have free time to devote to creative activities while contributing to innovation. Canada is testing Universal Basic Income and the City of Stockton, California is launching the first-ever UBI initiative in the United States this year.
Whether it is passed or not, the small business and small business economy will become an excellent avenue for workers who can no longer or no longer have to work for large businesses. Since 2010, self-employment and temporary jobs have increased by 50%. Uber, Postmates, and similar temporary help services have become an important secondary and even primary income channel for many. Artists and writers can work quickly through sites like Upwork, which can often pay handsomely.
These opportunities of the 21st century, as well as the world of small businesses, are good options for some. However, many people are doing enough or doing enough with UBI to not have to work.
Why would people work if they did not? Well, for many people, the job is more than just getting a paycheck.
Many intrinsic drivers lead workers into the world of small business or start their own business. These include people interested or passionate about the work, the opportunity to benefit the company and help others, as well as forging close relationships with other employees. All of these are characteristic of the small business environment, in which the mission and impact of a business are often much more tangible and related to the worker than a large company, especially when employees are replaced by robots.
Learn more about life after AI with infographic below, provided by OnlineSchoolsCenter.com.
Source: Online Schools Center