Incoming Jobs Tsunami: WTF! Economy

In the past week, Takethe5th has been describing the incoming Jobs Tsunami in which AI and massive processing capabilities now take over a large chunk of white collar as well as blue collar jobs. Well here is a conference by Silicon Valley Guru Tim O’Reilly called the Next Economy which confirms the pervasive nature of the Jobs Tsunami. It is Tim’s fundamental argument that grabs attention – “Every industry and every organization will have to transform itself in the next few years, in multiple ways, or fade away.”

Here is a sample of the topics to be discussed:

WTF?! In San Francisco, Uber has 3x the revenue of the entire prior taxi and limousine industry.

WTF?! Without owning a single room, Airbnb has more rooms on offer than some of the largest hotel groups in the world. Airbnb has 800 employees, while Hilton has 152,000.

WTF?! Top Kickstarters raise tens of millions of dollars from tens of thousands of individual backers, amounts of capital that once required top-tier investment firms.

WTF?! What happens to all those Uber drivers when the cars start driving themselves? AI technologies are flying planes, driving cars, advising doctors on the best treatments, writing sports and financial news, and telling us all, in real time, the fastest way to get to work. They are also telling human workers when to show up and when to go home, based on real-time measurement of demand.The algorithm is the new shift boss.

WTF?! A fabled union organizer gives up on collective bargaining and instead teams up with a successful high tech entrepreneur and investor togo straight to the people with a local $15 minimum wage initiative that is soon copied around the country, outflanking a gridlocked political establishment in Washington.With a mobile era epithet, WTF!, Tim O’Reilly underlines the massive scope of incoming change in Work and Business. It is Silicon Valley powered and who better to observe that scene.