There is a lot more to the new industrial revolution than technological transition. It is harnessing innovation to create a human-centered future that is tech-inclusive. Is the fourth revolution in manufacturing a continuation of the third? Yes, in a way. But what makes it distinct is the pace and scale of the progress of this shift. The breakthroughs in the tech world currently have no predictive timeline that indicates the rapid pace of this fourth revolution.
With changing times, to keep up, education must speed up the pace. To survive the revolution, it needs to be updated to suit the necessary skill set for future generations. Although task automation exists, there will still be a human dependence on which the correct guidance must be provided. Although a computer can complete a function, it can only give true insight to humans. To withstand this need for new skills, Singapore and South Korea are aggressively retraining their staff.
Economies can boom with less use of energy with the aid of intelligent automation. And the plague that comes with this is the probability of not evenly dividing this increased income. Robber Solow, an American economist who saw income disparity rise as technology progressed, was fascinated with it. Through this observation, if there is no fair income distribution, wage inequality will continue to rise in the future. A scheme, UBI (Universal Basic Income), has been developed by economists as a way of promoting the equitable distribution of rapid productivity gains.
A recent Gallup study reveals that 85% of workers around the world do not feel involved with their jobs. That implies that our regular 9-5 does not seem to be our normal human nature. Jack Ma, the co-founder of Alibaba, says we shouldn’t have to work more than four hours a day, three days a week. As a result of IA, this comes. The need to redefine work is more than ever with structures like UBI in place, as we have to transition into more purposeful occupations.
It’s time to change the culture to be more civilized after reinventing work. More people will adopt modern working methods and concentrate more on humanity and ideals that respect the environment. For this, to integrate the new reforms, the government must step up and prepare to redefine communities accordingly.
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