Topic > How companies exaggerate the automation narrative to address structural changes in their companies, particularly downsizing.

Devika Narayan, a sociologist at the University of Minnesota, suggests that IT companies are exaggerating this automation narrative to undertake structural changes in their companies, particularly scaling. He points out that many IT leaders are "flabby and overstaffed" and so the effect of increasing automation may have been overestimated, as there appear to be other causes for the reduction in manpower. The argument that the tech industry will create a sufficient number of new jobs should also not be overstated as these new industries tend to be the most labor efficient. They just don't require a lot of people. According to the report “How Automation is Changing Work Choices: The Future of IT Jobs in India” by Simplilearn, the sectors that will expand in the IT sector include big data, artificial intelligence, cloud computing and cybersecurity. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Another factor in favor of maintaining human employment is that machines cannot make people immediately redundant. Jobs are not structured in such a hyper-specialized way. Modern work places humans at the center and relies on their dexterity and agility. Furthermore, increasing computerization will lead to greater consumption and eventually new types of labor will be needed. Even if this argument is valid, however, such revolutions have a long arc and human lives have a much shorter one. Unemployment may take time to resolve and many people may not see this change in their lifetime. Robert D. Atkinson and John Wu of the Information Technology & Innovation Foundation (ITIF) vehemently believe this is a false alarm. Atkinson and Wu in “False alarmism: technological disruption and the US labor market, 1850-2015”. they state: “Such gloomy assessments are the product of faulty logic and faulty empirical analysis.” Some predictions are not so discouraging when examined closely. For example, Schwab's estimate of five million jobs lost by 2020 would be the result of just 0.25% of jobs lost each year over that period. Governments can also ensure that companies initiate reskilling activities in their companies in order to retain their employees and utilize them in different aspects of production. They criticize Oxford's figure of 47% of vulnerable jobs as "completely wrong". They believe that its authors did not accurately analyze all seven hundred and two U.S. occupations. Their calculations suggest that only 10% of these jobs are at most at risk. They commented that the researchers had predicted that professions such as models, barbers and manicurists would be taken over by robots. This obviously seems rather far-fetched. David Autor, an economics professor at MIT, suggests that improving the quality of any one part of a chain increases the value of improving others. Therefore, he argues that computerization in fields such as medicine and teaching amplifies our advantage and increases the importance of our expertise, creativity, and judgment. He then argues that with the increase in living standards, consumption is stimulated. Many industries that were tiny a century ago, such as healthcare, medicine, technology and information technology, are enormous today. As automation frees up our time and expands the scope of what we can achieve, we invent new products and,.