The Great Reshuffle: Three Technologies to Watch
The COVID-19 pandemic of 2020 caused significant disruption in the US labor market. Over 100 million workers quit their jobs between 2021 and 2022, resulting in a phenomenon known as “The Great Reshuffle.” As workers seek higher wages and remote work opportunities, companies are turning to technology to automate tasks and reduce labor costs. Here are three key technologies that are expected to dominate in the coming years.
General Motors (GM) is already operating a live fleet of robotaxis in San Francisco. These self-driving cars provide lower costs, faster service, and improved safety compared to traditional rideshare services. Companies like Tesla (TSLA) and Mobileye (MBLY) are poised to benefit from the mainstream adoption of robotaxis, as their autonomous vehicle technology is leading the way.
2. Internet of Things (IoT)
The Internet of Things (IoT) refers to a network of interconnected physical objects embedded with sensors and software, allowing them to collect and exchange data. IoT technology offers better tracking, efficiency, and reduces the need for human capital. Companies like Amazon (AMZN) and Samsara (IOT) are at the forefront of the IoT revolution.
In response to the changing labor force, companies are employing humanoid robots to replace repetitive, low-paying jobs. Alphabet (GOOGL), Tesla, Nvidia (NVDA), and Advanced Micro Devices (AMD) are developing advanced AI-driven robots that can perform various tasks. These robots are expected to fill the labor gap and boost productivity.
The Great Reshuffle has transformed the workforce, creating new opportunities for innovative technologies. As companies embrace automation and remote work, technologies like robotaxis, IoT, and bots will play a crucial role in reshaping industries and increasing efficiency.