Dec 28, 2016 10:35 AM EST

47% of Jobs Will Disappear By 2041, Says Business Expert

An expert from Wharton School of Business, Art Bilger, predicts that 47% of white collar and blue collar jobs will disappear within 25 years. He urges reeducation to prevent workers from being unemployed.

It is known that technology will one way or another impact jobs, either creating them or making certain ones obsolete. The latter is the case for a number of jobs by 2041, says Art Bilger, an expert from the University of Pennsylvania’s Wharton School of Business, reports Big Think.

According to Bilger, developed nations will soon have a job loss rate of up to 47% within the subsequent 25 years due to robotics and other technological advancements. To emphasize the gravity of the situation, the unemployment trend is not reversible.

What kinds of jobs will disappear? Both white collar and blue collar ones such as lawyers, analysts, doctors for the former and drivers for the latter.

Bilger states that medical and financial decisions will be more efficiently and quickly made by robots than by humans. For instance, another article by Jobs & Hire stated that financial advisers are already starting to be replaced by what is called as “Robo-Advisers.”

Furthermore, if electric cars, autonomous driving, and driverless cars are perfected by automobile manufacturers such as Tesla, car repair garages would not be needed as much and neither would drivers. These are just some of the occupations that are likely to be gone.

In an attempt to combat and prepare for this unemployment phenomenon, Bilger has established the Working Nation. It is a nonprofit organization that aims to warn the public about the upcoming trend as well as prepare safeguard measures against it.

One plan that was proposed is to set a universal basic income that everyone would rely on for survival. Another were reeducation programs.

These educational programs would provide a different learning experience for adults who may not be so keen to get back to school. Bilger maintains that reeducation is necessary and these classes would involve learning new skills as well as finding new pursuits.

Workers would find new areas to work in. They could transfer from one field to another; there would be lateral movement instead of a vertical one.

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