Futurist Thomas Frey Predicts 2 Billion Jobs Will Disappear by 2030
Black Enterprise Magazine September/October 2018 Issue

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(Image: ThinkStock)

Will two billion jobs disappear by 2030? Futurist Thomas Frey seems to think so. During a recent talk at TEDxReset in Istanbul, Turkey, he predicted 50% of the jobs worldwide would disappear over the span of the next 18 years. In the U.S. we have already seen manual labor jobs outsourced to other countries. As we move towards a knowledge-based economy, menial/manual labor jobs will continue to trend in this direction. This is especially true for clerical and office support jobs, due to technology like online faxing services and mobile applications. These technologies allow businesses to manage many traditional administrative services with less human intervention. Although just theories, Frey’s ideas are quite intriguing and lead to an interesting discussion about where the job market is going in terms of the jobs to be lost and the employment opportunities that will emerge to replace those positions.

The Industries Most Likely to Be Impacted

During his talk, Frey discussed five industries that will see the most job loss in the coming years due to technological advancements, but we’ll focus on the following four: (1) automobile transportation, (2) education, (3) 3D printing, and (4) bots.

Automobile Transportation

Driverless technology already exists and goes by the legal name of “autonomous car.” It is currently only legal in one state Nevada, but the Google Driverless Car project is working to help expand the adoption of this technology.

Thomas Frey’s Theory of Jobs Eliminated:

  • Elimination of taxi, limo, bus, mail and truck drivers, as well as FedEx and UPS delivery jobs
  • Reduction in the number of manufactured vehicles and shifting to transportation-on-demand systems

Thomas Frey’s Theory of Jobs Created:

  • Delivery dispatchers
  • Automated traffic architects, engineers, and designers
  • Driverless “ride experience” people and operating system engineers

Education

The movement of open courseware education was popularized by iTunes U. Now there’s Khan Academy and MIT creating models for established universities and organizations that want to provide education for anyone anywhere.

Thomas Frey’s Theory of Jobs Eliminated:

  • Elimination of teachers, trainers and professors

Thomas Frey Theory of Jobs Created:

  • Coaches, course designers and learning camps

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Hajj Flemings

Author: Hajj Flemings is a weekly technology columnist for BlackEnterprise.com, founder of Brand Camp University, and the author of the book Brand YU Life. As a speaker and brand strategist, he works with some of the largest brands, covering the topics of branding and digital technology. Check back each Wednesday for his next column. Until then, continue the conversation on Hajj’s BE Insider page at beinsider.ning.com/HajjEFlemings.


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