How will Artificial Intelligence result in job losses in the future?

"There certainly will be job disruption. Because what's going to happen is robots will be able to do everything better than us. ... I mean all of us.", says Elon Musk, speaking to the National Governors Association. Robots nowadays are already taking up tasks and performing them with much higher accuracy than any human has ever. The day is not too far when AI-powered machines and programs will perform almost all the tasks for us. As AI progresses so does machine learning(which is a part of AI), and one day they will learn to improve themselves and hence remove the human factor needed for improvement.

Regular reports warn us that an automation apocalypse is nigh. In January, a McKinsey & Company study found that about 30% of tasks 60% of occupation could be computerized and last year the Bank of England's chief economist said that 80 million US and 15 million UK jobs might be taken over by robots. In the past when AI was just introduced and robots such as Sophia would be doing work for us, for example driving us to work or making coffee. But the way technology has progressed we have self-driving cars and automatic coffee machines, the machines are the robots themselves.

Instead of robots assisting us with day to day chores we have become dependent on them to do our jobs. Cab companies such as Uber and Lyft which were developed to easily provide work to people will be using the self-driving cars as a mode of their business, thus eliminating the human driver.

There are different opinions and studies that indicate the percentage of jobs that might be lost soon the robots. Forbes magazine says that nearly 40% of the jobs could soon be given to robots, while The Guardian reported robots will eliminate 6% of all jobs in the US by 2021. While another study Forrester predicts that AI-enabled Automation will eliminate 9% of US jobs in 2018.

One sector that has been affected the most as a result of machine learning is the call centers. On PolicyBazaar.com, almost 70% of motor insurance policies are sold by bots. HDFC Bank products such as 'loan in 10 seconds' are processed by machines. When you call any big company's help center you are greeted by an automatic bot which will ask you what is your call in regard to and some other questions. then it will go on and decide which department and which person to forward your call to. Previously there used to be a human asking those questions and asking us to wait as they decide which department to forward the call to. Recently I called Apple service center regarding some issue I was having with my phone. As expected I was greeted by a bot that was not only capable of asking follow-up questions based on my answers but it had a conversation with me if I was talking to a human on the other end.
Even doctors are not excluded from this job apocalypse. If you're a doctor, IBM's Watson will no longer merely "assist" you in finding the right diagnosis from its database of millions of case studies and journal articles. It will just be a better doctor than you. Nor are jobs such as a translator safe, last year Google at its event to launch its flagship phone, also launched earbuds that can translate languages in real time by just listening to what someone says and also translating back your speech to the desired language. While we're nowhere near human-level AI yet, the progress of the past couple of decades has been stunning. After many years of nothing much happening, suddenly robots can play chess better than the grandmaster.

Well, I know what you are thinking, what about programmers who code software running these machines and the engineers who manufacture and design them. If you think they are safe from this robot oriented world, well it is not the case. there are programs developed that can code on their own and improve themselves. For example, the way the chess program was able to beat a grandmaster was by earning from its mistakes and its loses to humans in the primitive stages of its development. Talking about the production sector, it was semi automized a long time ago with the introduction of the assembly line. But there will be robots who can repair and construct other robots as well.
Many argue waves of automation- steam engines, electricity, computers - always led to predictions of mass unemployment. Instead, they just make us more efficient. The AI revolution will be no different. But it is not a valid one. the industrial revolution was purely mechanical, it helped replace slower and less efficient horses and manual weaving and also increase the speed of production and transport. But the AI revolution will not be the same as robots will be more capable and stronger than humans.
Anything stated above is not just likelihood and only based on 'what if'. Almost all the tech experts such as Elon Musk, Bill Gates and even Stephen Hawking have warned us if the upcoming war against AI.
Artificial intelligence is real and will be a problem in the future, it will result in people losing their jobs.