According to Data Paddock, in 1910 there were approximately 20 million horses in the United States. By 1974, that number had plummeted to less than 1.6 million.
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why? That’s because a new technology, the automobile, has revolutionized the transportation industry. Horses have become a luxury rather than a means of transportation, which is a bad sign for breeders and farriers, but a good sign for auto mechanics and manufacturers.
Those who do not learn from history are doomed to succumb to it. So what industries are at risk of disruption and extinction today?
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1. Delivery/taxi driver
Sure, tech companies were testing self-driving cars 15 years ago, and everyone jumped at the idea: “Human drivers will be obsolete by 2020!”
Of course that didn’t happen. But that doesn’t mean it never happens.
Self-driving cars continue to improve, and whether in 10 or 20 years, if the safety record of self-driving cars surpasses that of humans, millions of Americans will become drivers. It’s hard to imagine working.
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2. Travel agency
Travel agencies are increasingly becoming a luxury for the wealthy. Busy moguls set their own standards and leave the details to their agents.
These bespoke travel coordinators won’t disappear, but they won’t be able to serve middle-class travelers either. In an age where you can hop on Skyscanner or Airbnb and find the best deals yourself, there’s no demand for that.
3. Publishing newspapers and magazines
Similarly, printed newspapers and magazines will not disappear completely, but will consolidate and become more niche.
Leading newspapers like the New York Times and the Washington Post have placed them outside the door of luxury boutique hotel rooms as a “nice touch” to guests, perhaps to express prestige and nostalgia. Will continue printing. Don’t kid yourself that they’ll ever enjoy the distribution they claimed in the 20th century.
4. Coal energy and mining
Few industries have suffered from coal’s terrible press and reputation.
The US Career Institute ranks coal as the fifth fastest declining industry, which should come as a surprise to no one. Even among fossil fuels, there are far too many cleaner energy alternatives.
5. Data entry
In a world where nearly every point is collected digitally and instantly collated or analyzed by AI, why should businesses pay for manual data entry by humans?
While there will certainly be exceptions, data entry shows that low-skilled industries are also destined for disruption and disconnection.
6. Low-end customer support
In some cases, customers may need to speak to a knowledgeable human. But as AI interfaces become smarter and more human-sounding, the first level of interaction between humans and businesses will increasingly be taken over by AI interfaces.
7. Low-end legal research
Artificial intelligence is also being introduced into the white-collar legal profession.
As AI gets smarter and more reliable, it will be able to instantly crawl legal databases and search for precedents, precedents, cases, and other legal research. Research that charismatic human lawyers can use to strengthen their cases without having to pay a handful of paralegals or researchers.
8. Freelance writing
Oh, and my neck is on the cutting board too.
As a 20+ year veteran in the real estate and financial industries, publishers may still be asking me for supportive quotes in 10 years. However, only publishers in the most niche industries actually pay me to write.
Artificial intelligence can better synthesize data, and its description will continue to improve. But no amount of data can replace first-hand experience. It also represents a loss if most of the “new” content comes from recombining old content rather than teaching from real experience.
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This article originally appeared on GOBankingRates.com: 8 industries that could disappear in 10 years
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