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Shaping the future of finance

What jobs will our children have in 2050?

We are all worried about the threat of AI. AI will make humans redundant. AI will take all of our jobs. AI is an enemy.

This always happens when technological innovation progresses humanity to a new level of thinking and working. In fact, every few years the world invents a new reason to panic about work. The steam engine was going to eliminate labour. Computers were going to eliminate offices. The internet was going to eliminate shops. Now, artificial intelligence is going to eliminate everyone.

A good example is the headline this week from Bill Gates ...

Bill Gates says only these four jobs are safe from AI takeover

... who thinks that only software developers, biologists, energy specialists and, perhaps most importantly, professional athletes will survive the AI revolution. After all, nobody wants to watch robots playing football.

As always, the headlines are more dramatic than the reality.

The more interesting question is not which jobs disappear, but which human capabilities become more valuable.

That distinction matters because history has never been about technology replacing work. It has always been about technology replacing specific tasks, whilst creating entirely new industries that nobody could previously imagine.

A hundred years ago, there were no airline pilots, cybersecurity specialists, software engineers, YouTubers or cloud architects. Twenty years ago, there were no prompt engineers, AI trainers or digital trust specialists. Ten years from now we will probably smile at today’s predictions because many of tomorrow’s careers have not yet been invented.

The World Economic Forum’s Future of Jobs Report 2025 makes exactly this point. Millions of jobs will disappear whilst millions more will emerge. The story is not one of unemployment but of reallocation, with almost forty percent of today’s workplace skills expected to change by 2030. In other words, employability will no longer be defined by what you know but by how quickly you can learn. That is a far more important conversation than debating whether lawyers, accountants or bankers survive.

The BBC recently published a guide aimed at helping young people prepare for future careers.

Interestingly, it barely talks about careers at all. Instead, it focuses on transferable capabilities such as critical thinking, creativity, communication, adaptability, digital literacy and emotional intelligence.

These are not technical skills. They are deeply human ones. AI simply increases their value because it automates more of the routine work surrounding them.

This is where many people misunderstand artificial intelligence as jobs are not singular activities. They are collections of tasks.

Take medicine.

AI can analyse scans faster than any radiologist, search the world’s medical literature in seconds and suggest likely diagnoses with astonishing accuracy. Yet patients still want someone to explain the diagnosis, understand their fears, make difficult judgement calls and ultimately accept responsibility when lives are at stake.

Banking is no different.

AI can review loan applications, detect fraud, monitor compliance, generate reports and draft investment proposals. It can process information infinitely faster than any human team. Yet deciding whether to support a struggling business, restructure a distressed borrower or calm markets during a financial crisis still depends upon judgement, trust, accountability and experience.

Bottom-line: the routine moves to machines. Responsibility stays with the humans.

That is why discussions about “AI-proof careers” almost always arrive at the same conclusion. There are very few future-proof jobs. There are future-proof people: those who combine technical fluency with creativity, leadership, curiosity, ethics, communication and the ability to work with increasingly intelligent systems … and the biggest mistake is thinking of AI as another industry. It isn’t. AI is infrastructure just like the internet, the telephone, rail, roads, and electricity.

Electricity did not create an electricity profession*. It transformed every profession. The internet did not create an internet economy. It became the economy. AI will follow exactly the same path.

Teachers will have AI tutors; Architects will have AI design assistants; Scientists will have AI researchers; Lawyers will have AI legal analysts; Bankers will have AI financial agents; Farmers will have AI climate advisers.

The professions remain. The operating model changes.

This is where a project that fascinated me identified one hundred emerging careers for the coming decades, ranging from AI auditors and digital identity architects to quantum security specialists, synthetic biology designers and robot ethicists.

Whether every prediction proves correct is almost beside the point. The important observation is that entirely new categories of work are already emerging where technology intersects with biology, sustainability, finance and human creativity.

Which brings us back to the wrong question. Instead of asking whether AI will take your job, ask whether someone using AI will do your job better than you can. That is the question every executive, employee and student should be asking and history offers a remarkably consistent answer.

The spreadsheet did not replace accountants. It replaced accountants who refused to use spreadsheets. Email did not eliminate administration. It transformed it. The internet did not destroy retail. It rewarded retailers who reinvented themselves.

Artificial intelligence is simply the latest chapter in exactly the same story, albeit unfolding much faster than any previous technological revolution.

Which brings us to our children.

The careers they will have in twenty years’ time almost certainly do not exist today. That means education can no longer be built around memorising facts that AI can retrieve instantly. Schools should be teaching children how to think rather than what to think; how to question rather than simply answer; how to collaborate, create and adapt rather than merely remember.

The winners of the AI age will not be those who know the most. They will be those who learn the fastest and success will come from combining technological fluency with distinctly human capabilities: curiosity, creativity, empathy, judgement, resilience and ethical decision-making.

So, if I were choosing a school today, I would not be looking for the one that crams the most facts into children’s heads. I would be looking for the one that produces confident, adaptable young adults who know how to work alongside intelligent machines, because that is what the future of work is really about.

 

* I did once meet a banker of who was Head of Electricity

Chris Skinner Author Avatar

Chris M Skinner

Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...