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Technology and computing power is advancing at mind boggling speed. In 1965, Gordon Moore predicted that the number of transistors in an integrated circuit would double every two years. In 2020, Cerebras unveiled a circuit with 2.6 trillion transistors! As the size of transistors has reached the limit of the atomic scale, Moore’s law is now giving way to Huang’s law which predicts transistor performance will more than double every two years. Technology is improving exponentially. How fast are you improving your skills? It is impossible for us to keep up with our technology. What are the implications of this phenomenon on your future employment?

Companies are investing in technology at an ever-greater rate, to fill their skills gaps and labor shortage. With unemployment at current levels, many employers are struggling to find the talent they need.

Technology advances up until 2015 meant an increase in employment and the standard of living. That is no longer true. The current economic data suggests that evolution of technology is contributing to slower labor and wage growth. For the first time in history, people are starting to lose jobs to machines. This is a trend that is expected to accelerate.

Learn why many of the skills we need to succeed in the future are shrinking when the demand is rising and what you can do about it.

Technology is replacing left brain functions like accounting, research, analysis, hiring, dangerous work, and highly cognitive brain work. As computing power expands, there is no job that is safe from technology replacing humans. What will happen to many of the high paying jobs of the past in science, technology, engineering, and math?

The high cognitive careers will still be important, there will just be fewer of them. Those who will succeed at the highest level in these and other careers will need to learn additional skill such as building relationships, brainstorming, collaborating, and leading. In the future, technology will be capable of doing most jobs. However, some qualities, skills, and abilities will never be replaced. You can increase your value to current and future employers by improving these.

Develop the skills you need to stay relevant

Understand the benefits to your organization and projects of harvesting knowledge to bring clarity and meaning to your data.