Will web 3.0 create new jobs or take away jobs?
With the development of artificial intelligence, it is predicted that robots will take over human jobs. New technologies have already created a substantial number of “working poor.”
The new age of information technology has created a new type of industrial revolution. So far, this industrial revolution has caused massive unemployment. With the development of artificial intelligence, it is predicted that robots will take over human jobs. From this perspective, the new age of information technology may lead to massive unemployment in the future.
What is Web 3.0?
Web 3.0 is the new version of the World Wide Web that uses semantic technology to enable computers to understand the meaning behind content.
The new concept is what some call Web 2.0 or others to contact Social Media. Web 2.0 is a term that was coined by Darcy DiNucci, web visionary and CEO of Semantic Studios. The basic idea behind this concept is that content-based sites are being replaced by social media sites where people can post their content and interact by commenting on each other’s posts.
Web 3.0, on the other hand, takes the idea of Web 2.0 one step further by utilising semantic technology to enhance the user experience and search capabilities by using properties of natural language processing (NLP). With this enhancement, it is now possible for computers to “understand” the data on the web, not just display it in various formats.
Key Advantages of Web 3.0
How is web 3.0 revolutionising the internet today? Here are some of its benefits.
1. The web is easier to navigate
2. Page load time has significantly decreased
3. Search is becoming smarter
4. Staying informed becomes easier
5. A superior, quicker, and easier experience
6. Better targeted and optimised consumer experience
7. Provides frameworks for blockchain and cryptocurrency.
8. Improved access through mobile devices
9. Better interconnectivity
10. Improved content and search engine optimization
11. Better user experience and lower cost
So, the real question: is web 3.0 creating new jobs or stealing them?
Web 3.0 is a revolutionary shift in how it will be done online and what professionals expect from these jobs. Web 3.0 allows for a new generation of web applications to be built. These applications have a more fluid form and function, and they require new skill sets from the professionals who will make them.
Web 2.0 introduced us to the “read-write web,” where anyone can post content online, which can then be commented upon or edited by others. It opened the doors for blogs, Google Docs, social media websites, and other collaborative tools.
Web 3.0 builds upon this concept by allowing you to edit yourself and write yourself into a document at the same time. This type of technology will allow for a whole new generation of social media sites and other collaborative tools to be built, which will enable marketers to serve their audience in an entirely different way than ever before.
However, there is another facet to this view.
A vast rise in automation has sparked warnings of an imminent disappearance of jobs. The World Economic Forum predicts that technological advances could lead to the loss of 5 million jobs within 15 years.
The most obvious victims are those working in sectors most exposed to technology, such as manufacturing, transport, and storage. But what about jobs that are less obviously threatened?
A new study suggests that one of the most surprising groups is computer programmers, among the top 10% of jobs most at risk from automation.
Researchers predict that 47% of all US employment is at high risk from automation over the next two decades, rising to 77% in India and China. And if their predictions come true, there will be some significant changes for some professions.
Since the internet was born, it has created jobs. 2005–2015 there were 227,000 people employed because of the internet.
Since 2005 to date there are now over 40 million small businesses. Proponents of AI say that jobs will reduce by 50%, but access to information, efficiency, and paper reduction will save billions in positions because of AI.
The question of what will happen to jobs is now central to the political debate. It is the subject of endless speculation and prognostication. It is also, however, a question that we can answer. We know how many jobs there are in each country, and we can project into the future how many we expect there to be.
Who will be employing these people? And who will they be using?
The answer is astonishing: there are now more than two jobs in a traditional business like manufacturing in a modern digital company such as Facebook or Google for every job in a conventional industry like manufacturing.
I believe we will soon reach a point where we can no longer recruit and train people to do jobs that AI has automated. Once AI is more intelligent than us, it will take over most of the jobs currently being done by humans, with all sorts of consequences for society. AI will replace humans in most areas of our lives, except for those that require creativity or empathy.
A future where AI takes over our jobs is possible. The solution is not to worry about it because, in all probability, AI will be much better at everything than us. There’s no point in worrying about the loss of many jobs if this means leaving people unemployed. Being better means being more efficient, leading to a better economy and a higher standard of living.
The solution must be to re-engineer the education system, so everyone is taught how to learn for themselves, rather than being trained in specific skills. I think this is possible with technology. We could build systems that allow people to learn new skills at any age, allowing them to upgrade their knowledge and bring it up to date continually.
We need to change our education system now if we are going to avoid huge societal problems in the future.