The billionaire investor predicts one crushing reality of automation.
Mark Cuban speaks, people listen. The billionaire investor and Shark Tank personality has a slew of wildly successful businesses under his belt. Whether he’s commenting on the recent Time Warner and AT&T merger, recommending books for entrepreneurs, or sounding off about the 45th president, the internet hangs on Cuban’s every last word.
Now his latest prediction about the future of jobs is picking up steam. In a recent interview with Cory Johnson on Bloomberg TV, Cuban presented an interesting argument against people pursuing so-hot-right-now computer science degrees or attending learn-to-code bootcamps.
“What looks like a great job graduating from college today may be not be a great job graduating from college five years or 10 years from now,” Cuban said.
He predicts the next wave of innovation will be “the automation of automation.” By that, Cuban means software will soon begin writing itself, which will ultimately eliminate those lucrative software development jobs. About writing software, Cuban said: “It’s just math, right?” Humans will no longer be needed.
Though it’s ironic, Cuban believes technology will eventually kill tech jobs themselves. “There are no manufacturing jobs coming back. There are no coal mining jobs coming back,” Cuban said. He thinks software development jobs are next on the chopping block.
The next most in-demand job skill
If Cuban’s prediction does indeed come true, with the need for coders, developers, and engineers eventually evaporating, what sort of workers will be in demand? Those who can make sense of the data that automation is spitting out. No, not data scientists. Cuban believes employers will soon be on the hunt for candidates who excel at creative and critical thinking.
“I personally think there’s going to be a greater demand in 10 years for liberal arts majors than for programming majors and maybe even engineering,” Cuban said. He cited degrees such as English, philosophy, and foreign languages as being the most valuable. “Maybe not now,” Cuban acquiesced. “They’re gonna starve for awhile.” Their day, though, is likely coming, he says.
Cuban went on to voice his support for programs such as AmeriCorps, which engage young people in public service work across the United States. “Having people come in and have a social impact and making it a real job is what we’re gonna need.”
Mikel, Betsy, Contributor; INC.COM. PUBLISHED ON: FEB 21, 2017