Will new technologies snatch jobs away?

New technologies mostly aim at improving efficiency mostly by automation, in many cases of disruption they create jobs for people not even experienced in that line of business. I grew up in Coimbatore where there are a lot of entrepreneurs/self employed people around on multiple scales and domains. My observation in the family circle was that people who were diploma/degree holders were quick to change businesses at a short notice like repairing electronics, making UPS, real estate, advertising, billboards etc. People who were involved in labour and ever green low income businesses like groceries, chauffeuring continued to thrive. The ones who were deeply impacted were the specialists like artists, thavil musicians.

Photo by Amandine Cornillon on Unsplash

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