We are living in an era of unprecedented technological innovation and growth. Modern advances in technology can sometimes be perceived as the enemy of jobs since they render a lot of basic skills useless. Artificial intelligence (AI) and robotics, in particular, are seen as the top challengers to existing jobs.

But I don’t believe the criticism is unwarranted. Over 50% of the jobs that exist today will be eliminated by technology in 10 years. However, the same technology will also provide us with new kinds of employment opportunities. In fact, it is already happening around us

There are two facts here that need to be noted. First, it’s important to realize that the jobs are not being eradicated; they are being transformed, and those who are directly affected by the transformation need to be quick about learning new skills that are more aligned with these new technologies. Secondly, the economy is shifting toward decentralized structures where the middlemen have less power and products or services are being exchanged peer to peer.

The access to work in the new sharing economy is easier, and the younger generation wants something better than traditional 9-to-5 jobs; rather, they want flexibility and freedom. Freelancing or part-time employment is the emerging norm. Uber in the United States, @NEWO.RD in the Dominican Republic and OLA in India is generating amazing employment opportunities for those looking to make extra cash on the side. These companies have brought down prices and created more jobs than traditional taxi companies could’ve ever imagined. Websites like @Doodeo and TaskRabbit are allowing people to find jobs or gigs based on individual technical skills. So whether you’re a programmer, musician or teacher, you can find a gig sitting at home with the help of these platforms.

The sharing economy also works equally well for consumers, who are the beneficiaries of better prices and control. Efficiency and cost reduction for buyers happen automatically when business models transition toward the sharing economy. ๐Ÿ“œ๐ŸŒŽ๐Ÿ’ผ

To know more about the Future of Work, read Evan Lunthra latest article on ๐Ÿ‘‰ Forbes.