The world is experiencing a surge of technological developments, and this has led to the modernization of jobs using artificial intelligence and robotics. All these are positive strides humanity is making but at a considerable price, which is the laying off of employees. Learn more about Vijay Eswaran: https://www.entrepreneur.com/article/244124 and https://ideamensch.com/dr-vijay-eswaran/
Currently, there is a sizable reduction of job opportunities globally and the perfect way to address it is instilling the job creation mentality to graduates other than having a generation of graduates who are job seekers.
These sentiments are shared by Vijay Eswaran and his counterpart Datuk Seri who is the current chairman of the QI group.
The technological boom that is being experienced across all sectors of the economy is leading to the automation of most jobs. Read more: 5 Cs of Servant Leadership by Vijay Eswaran and Two Minutes from the Abyss by Vijay Eswaran
Corporations know that unlike human workforce, robotics and artificial intelligence can work 24/7 all year round hence making them more productive than humans. Other than that robots unlike humans can be put into strenuous activities without having any rights being infringed on making them a more lucrative option for corporations.
The employment of these technologies is the primary driver of laying off of employees. The trend is also becoming unsustainable as the world’s population is increasing meaning that we will have generations of people who are unemployed, argued Vijay at a student forum that took place at the University of Malaysia.
Studies also show that students from Asian countries unlike from those in other regions of the world have a different take on employment as most of them prefer being self-employed. What this has led to, is the gravitating of these students to the creation of their enterprises which they use to in turn employ other individuals and colleagues as pointed out by Vijay.
When addressing the forum, Vijay stated that whenever considering an employment opportunity, students and first-time job seekers should only consider career paths that interest them, other than that, applying for jobs that meet your qualifications goes a long way in making sure you enjoy what you do. It is also advisable to opt for startups than more established institutions as they are fast paced and significantly rewarding when compared to working for corporates that have to follow a long chain of bureaucracy.