Challenging times lie ahead, but stress can be lessened by being prepared. Here are my top tips, with some explanation so you can decide whether to accept them.
1 Adaptability is more important than specialization
In a stable environment, being the most specialized means you win most of the time in your specialist field because all your skill is concentrated there.
However, in a fast-changing environment, which is what you’ll experience for the rest of your life, if you are too specialized, you are very likely to find you are best in a filed that no longer exists, or is greatly diminished in size. If you make sure you are more adaptable, then you’ll find it easier to adapt to a new area so your career won’t be damaged when you are forced to change field slightly. Adaptability comes at a price – you will find it harder to be best in your field and will have to settle for 2nd or 3rd much of the time, but you’ll still be lucratively employed when No 1 has been made redundant.
2 Interpersonal, human, emotional skills are more important than knowledge
You’ve heard lots about artificial intelligence (AI) and how it is starting to do to professional knowledge jobs what the steam engine once did to heavy manual work. Some of what you hear is overstated. Google search is a simple form of AI. It has helped everyone do more with their day. It effectively replaced a half day searching for information in a library with a few seconds typing, but nobody has counted how many people it made redundant, because it hasn’t. It up-skilled everyone, made them more effective, more valuable to their employer. The next generation of AI may do much the same with most employees, up-skilling them to do a better job than they were previously capable of, giving them better job satisfaction and their employer better return. Smart employers will keep most of their staff, only getting rid of those entirely replaceable by technology. But some will take the opportunity to reduce costs, increase margins, and many new companies simply won’t employ as many people in similar jobs, so some redundancy is inevitable. The first skills to go are simple administration and simple physical tasks, then more complex admin or physical stuff, then simple managerial or professional tasks, then higher managerial and professional tasks. The skills that will be automated last are those that rely on first hand experience of understanding of and dealing with other people. AI can learn some of that and will eventually become good at it, but that will take a long time. Even then, many people will prefer to deal with another person than a machine, however smart and pleasant it is.
So interpersonal skills, human skills, emotional skills, caring skills, leadership and motivational skills, empathetic skills, human judgement skills, teaching and training skills will be harder to replace. They also tend to be ones that can easily transfer between companies and even sectors. These will therefore be the ones that are most robust against technology impact. If you have these in good shape, you’ll do just fine. Your company may not need you any more one day, but another will.
I called this the Care Economy when I first started writing and lecturing about it 20-odd years ago. I predicted it would start having an affect mid teen years of this century and I got that pretty accurate I think. There is another side that is related but not the same:
3 People will still value human skill and talent just because it’s human
If you buy a box of glasses from your local supermarket, they probably cost very little and are all identical. If you buy some hand-made crystal, it costs a lot more, even though every glass is slightly different. You could call that shoddy workmanship compared to a machine. But you know that the person who made it trained for many years to get a skill level you’d never manage, so you actually value them far more, and are happy to pay accordingly. If you want to go fast, you could get in your car, but you still admire top athletes because they can do their sport far better than you. They started by having great genes for sure, but then also worked extremely hard and suffered great sacrifice over many years to get to that level. In the future, when robots can do any physical task more accurately and faster than people, you will still value crafts and still enjoy watching humans compete. You’ll prefer real human comedians and dancers and singers and musicians and artists. Talent and skill isn’t valued because of the specification of the end result, they are valued because they are measured on the human scale, and you identify closely with that. It isn’t even about being a machine. Gorillas are stronger, cheetahs are faster, eagles have better eyesight and cats have faster reflexes than you. But they aren’t human so you don’t care. You will always measure yourself and others by human scales and appreciate them accordingly.
4 Find hobbies that you love and devote time to developing them
As this care economy and human skills dominance grows in importance, people will also find that AI and robotics helps them in their own hobbies, arts and crafts, filling in skill gaps, improving proficiency. A lot of people will find their hobbies can become semi-professional. At the same time, we’ll be seeing self-driving cars and drones making local delivery far easier and cheaper, and AI will soon make business and tax admin easy too. That all means that barriers to setting up a small business will fall through the floor, while the market for personalized, original products made my people will increase, especially local people. You’ll be able to make arts and crafts, jam or cakes, grow vegetables, make clothes or special bags or whatever, and easily sell them. Also at the same time, automation will be making everyday things cheaper, while expanding the economy, so the welfare floor will be raised, and you could probably manage just fine with a small extra income. Government is also likely to bring in some sort of citizen wage or to encourage such extra entrepreneurial activity without taxing it away, because they also have a need to deal with the social consequences of automation. So it will all probably come together quite well. If the future means you can make extra money or even a full income by doing a hobby you love, there isn’t much to dislike there.
5 You need to escape from your social media bubble
If you watch the goings on anywhere in the West today, you must notice that the Left and the Right don’t seem to get along any more. Each has become very intolerant of the other, treating them more like enemy aliens than ordinary neighbors. A lot of that is caused by people only being exposed to views they agree with. We call that social media bubbles, and they are extremely dangerous. The recent USA trouble is starting to look like some folks want a re-run of the Civil War. I’ve blogged lots about this topic and won’t do it again now except to say that you need to expose yourself to a wide subsection of society. You need to read paper and magazines and blogs, and watch TV or videos from all side of the political spectrum, not just those you agree with, not just those that pat you on the back every day and tell you that you’re right and it is all the other lot’s fault. If you don’t; if you only expose yourself to one side because you find the other side distasteful, then I can’t say this loud enough: You are part of the problem. Get out of your safe space and your social media tribe, expose yourself to the whole of society, not just one tribe. See that there are lots of different views out there but it doesn’t mean the rest are all nasty. Almost everyone is actually quite nice and almost everyone wants a fairer world, an end to exploitation, peace, tolerance and eradication of disease and poverty. The differences are almost all in the world model that they use to figure out the best way to achieve it. Lefties tend to opt for idealistic theoretical models and value the intention behind it, right-wingers tend to be pragmatic and go for what they think works in reality, valuing the outcome. It is actually possible to have best friends who you disagree with. I don’t often agree with any of mine. If you feel too comfortable in your bubble to leave, remember this: your market is only half the population at best , you’re excluding the other half, or even annoying them so they become enemies rather than neutral. If you stay in a bubble, you are damaging your own future, and helping to endanger the whole of society.
6 Don’t worry
There are lots of doom-mongers out there, and I’d be the first to admit that there are many dangers ahead. But if you do the things above, there probably isn’t much more you can do. You can moan and demonstrate and get angry or cry in the corner, but how would that benefit you? Usually when you analyse things long enough from all angles, you realize that the outcome of many of the big political battles is pretty much independent of who wins. Politicians usually have far less choice than they want you to believe and the big forces win regardless of who is in charge. So there isn’t much point in worrying about it, it will probably all come out fine in the end. Don’t believe me. Take the biggest UK issue right now: Brexit. We are leaving. Does it matter? No. Why? Well, the EU was always going to break up anyway. Stresses and strains have been increasing for years and are accelerating. For all sorts of reasons, and regardless of any current bluster by ‘leaders’, the EU will head away from the vision of a United States of Europe. As tensions and conflicts escalate, borders will be restored. Nations will disagree with the EU ideal. One by one, several countries will copy the UK and have referendums, and then leave. At some point, the EU will be much smaller, and there will be lots of countries outside with their own big markets. They will form trade agreements, the original EU idea, the Common Market, will gradually be re-formed, and the UK will be part of it – even Brexiters want tariff-free-trade agreements. If the UK had stayed, the return to the Common Market would eventually have happened anyway, and leaving has only accelerated it. All the fighting today between Brexiteers and Remainers achieves nothing. It didn’t matter which way we voted, it only really affected timescale. The same applies to many other issues that cause big trouble in the short term. Be adaptable, don’t worry, and you’ll be just fine.
7 Make up your own mind
As society and politics have become highly polarised, any form of absolute truth is becoming harder to find. Much of what you read has been spun to the left or right. You need to get information from several sources and learn to filter the bias, and then make up your own mind on what the truth is. Free thinking is increasingly rare but learning and practicing it means you’ll be able to make correct conclusions about the future while others are led astray. Don’t take anyone else’s word for things. Don’t be anyone’s useful idiot. Think for yourself.
8 Look out for your friends, family and community.
I’d overlooked an important tip in my original posting. As Jases commented sensibly, friends, family and community are the security that doesn’t disappear in troubled economic times. Independence is overrated. I can’t add much to that.