The Future of Work: From Gen-Z High Wages to Retiree Comebacks

5 min read
  • Routine and mundane jobs are being eliminated by Smart Arms
  • Alternative work: A.I. and Social Media are creating Gen-Z and Millennials $200k+ jobs.
  • Ultra-efficient factories are eliminating more jobs in Asia and bringing them closer to the U.S.
  • Flexible job opportunities for retirees are fluctuating.

Surprise! This article was 30% created using artificial intelligence tools like ChatGPT and Grammarly. These writing tools have cut down the time it takes for me to create an article, and they boost my productivity. But what does this have to do with fast food jobs or mundane, monotonous work, you ask? Don’t worry, We’ll get to that soon enough.

Sitting down in front of a blank screen to write an article from scratch is no different than using a hammer as your only tool to work as a carpenter. We’ll all realize soon enough that A.I. tools are here to stay to either enhance our productivity or to compete in just about every industry, no matter your age, schooling, or lack thereof.

Of course, millennials, and especially Gen-Z, are more accepting of the changes that robots, apps and A.I. tools have made to mundane or routine tasks. Artificial intelligence is being used to improve workflow for salaried and hourly paid workers, as well as entrepreneurs who want to be more efficient without the mind-numbing monotony. Gen-Zs are wondering why it’s taking so long to implement what is readily available and are ready to jump ship and create their own micro businesses. It’s not surprising why a large portion of them are becoming social media managers, with great success, and making upwards of $200k+ per year.

Here are some statistics;

  1. According to a Deloitte survey, 72% of millennials believe that automation will make their jobs more efficient.
  2. A study by Accenture found that 63% of millennials believe that automation will free up more time for them to focus on higher-value tasks.
  3. A Gallup poll revealed that 59% of millennials prefer to use apps and digital tools to communicate with their colleagues and managers, as opposed to face-to-face or over the phone.

One industry that is seeing the effects of robotics is the fast food industry. Restaurants are using robots to handle tasks such as cooking, serving food, and even taking orders. This not only helps employees by reducing the amount of physically demanding tasks, but it also helps employers by reducing labor costs. According to a study by the consulting firm McKinsey, the use of robots in the fast food industry could result in cost savings of up to 20%.

Eliminating Dangerous Fast Food Work

A.I. is also playing a growing role in the future of creative work. A.I. tools are being used to assist with tasks such as creating videos, schedules, presentations, and emails. There are several apps available that make use of A.I. for these purposes, including Rewind, Runway, Descript, and Compose AI. These apps can help individuals and businesses save time and money by automating repetitive tasks, allowing them to focus on more important work.

Gigafactories are the new light industry way of production

Tesla’s Gigafactories, just like Henry Ford’s Model T assembly line a century ago, drastically changed the way workers manufactured cars by using next-level efficiency. Expect to see the same for other manufacturers of goods who realize that their employees do not have to make up the bulk of their expenses. China used to have an extremely cheap labor force that the world relied on, but now, robots can do the mundane work in Gigafactories; human workers are the problem solvers and flex workers when quick changes need to be made, meaning the U.S. and other countries can rely on their own workforce.

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Retirees will be asked to come back to the workforce

With all these advancements, the workforce is still shrinking too fast! Generation X and Boomers are retiring way faster than they can be replaced. In certain areas of the U.S., McDonald’s employees are making up to $32 an hour to take on busy and late-night shifts that are hard to cover because of staffing issues. This is another reason why every industry has to discuss the near future implementation of robotic labor and supplement with retirees now.

Smart arms or one-ligament robots can do mundane, routine or even dangerous work freeing up workers to do more meaningful jobs

While these advancements in technology have the potential to greatly benefit both employees and employers, it is important to consider the potential consequences. It is possible that the increased use of robots and A.I. could lead to job loss for some individuals, particularly in industries where tasks can be easily automated. As such, it is important for individuals to continuously update their skills and stay informed about the latest advancements in technology to ensure they are well-prepared for the future of work.

In conclusion, the future of work is rapidly changing and will have a significant impact on teenagers, young adults, and retirees. Robotics and A.I. are playing a growing role in many industries, with fast-food restaurants being just one example. These advancements can help employees and employers by reducing labor costs and automating repetitive tasks, but it is important to consider the potential consequences and stay informed about the latest advancements to ensure a smooth transition to the future of work.

Armand Lucas

I write for Millennial Entrepreneur as a serial entrepreneur myself in several ventures. My goal in writing is to teach new and established entrepreneurs that life is not about becoming rich; it's about creating the time and space to enrich one's life.

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