Living in the digital era, we’ve already used to the fact that our whole life is a subject to technologies’ impact in any aspect. Digital world has become integrated into our lifestyle and started to affect every sphere of modern society, including the labor market. Now let’s take a look at particularly the blockchain’s impact on the workforce. Being quite a young technology, the blockchain has already managed to make remarkable adjustments to politics and economy, as well as social and cultural life. However, the most significant changes have been and are going to be made in relation to the job market.
While being an invaluable tool for saving time, money and resources, as well as for simplifying and making the vast majority of operations way more convenient, the blockchain also creates certain danger for a number of professions. Although the idea of saving millions of dollars and an incredible amount of time is certainly exciting, unfortunately, it also means considerable employment losses. According to the research, the blockchain is likely to affect from 5% to 10% of working places, which can basically mean leaving from 5% to 10% of the population unemployed.
This likelihood has naturally raised numerous concerns. What can be done to prevent a crisis like this? Can “less demanded” jobs be modified as to remain relevant after the blockchain’s complete integration? Or should 5-10% of specialists hurry to re-certify as soon as possible? It goes without saying, that all professions within such sectors as the IT-technologies, engineering and mathematics, along with science and education are safe. We’ve also found a few examples of professions that will get a whole new branch of development directed on digital technologies.
The PR sector is also going to be pretty fine, as there is plenty of work for marketologists, creators, copywriters and you-name-it within the digital industry. Drawing the target audience’s attention will never stop being relevant. The main targets for PR-guys are going to be the following: creating powerful text & visual content, advancing new technologies on social networks, handling communications with potential target audience, carrying out researches and handling the whole promotion process.
The financial industry is always fine, and the blockchain’s impact is not going to be an exception. The key tasks will be reducing costs, improving expenses indicators, purchasing assets with the minimal risk indicators, improving credit systems, simplifying the exchanges procedures and its regulation mechanisms, and so on.
These are just a few examples, but they are a great illustration of how easy it can be to apply the skills of certain specialists in the new digital world. Obviously, for some professions it is going to be trickier than for others, and it is very likely that in ten years time, the labor market is going to become even more competitive than it is right now. However, there is still a hope for plenty of illustrious opportunities for high-skilled qualified professionals of nearly every sector.