An Empirical Study On Factors Determining Displacement Of Jobs In Automation Sector In The Current Scenario

Abstract

The advent of AI, RPA and all the cloud-based technologies is ready to dispose of millions of current job positions and even have the tendency to make a huge number of new ones. Technically the entire globe is driven by technology and innovation. People have become habituated to a comfort lifestyle (Abi Ghanem & Mander, 2014). As these advancements add on to the efficiency and make jobs easier in our lives, their utilization will fill in for some of the tasks performed by people right now. This is an improvement in technology which has created a lot of public concern. Switching from manual labor to automated robots used by industries seems much easier and convenient for carrying out the repetitive and monotonous jobs. However, the risk associated to the automated machines is just as simple as it seems. There is a lot of anticipation on the fact that automation will consume the jobs of workers from the market and the labors seeking jobs shall be devoid of jobs even more. On the other hand, the labors not yet fired are also affected by the fear that they would lose their jobs in near future and their work shall be done by robots. Presently, the situation of fear and anxiety is leading to higher level of dissatisfaction among workers, so ultimately the production gets affected (Goswami, 2015). There is a negative impression being carried by employees for automation which is adversely affecting them as well as their careers. Sample of 199 people from different industries and organizations were surveyed to know the factors that determines the role of automation in displacing jobs and the impact of automation in present job market setting. It is found that customizable and cost effective, high productivity, efficient and high quality performance are the factors that determine the role of automation in displacing jobs and there is a significant impact of automation in present job market setting.