You’ve probably heard of (and even experienced) FOMO or the fear of missing out, but there’s a new buzzword to learn: FOBO. FOMO was coined in 2004 to explain the feeling you get when you think something bigger is happening that you’re missing out on.
The term has even acquired a position in the Oxford English Dictionary, where it is defined as “fear of missing out, concern that an exciting or unusual event may be happening somewhere else, often motivated by posts seen on a social networking website.” “. I’m sure we’ve all fallen into this trap at some point, right?
However, while FOMO is generally associated with social life, the more recently coined FOBO has been observed in businesses and appears to be gaining ground. So what does it mean exactly?
Jump to
- What if FOBO?
- How to overcome FOBO?
What if FOBO?
Fear of becoming obsolete.
The term refers to their anxiety about their role becoming obsolete, perhaps due to the arrival of new technologies such as AI. According to a Gallup poll, 22% of American workers are concerned that technology will make their profession obsolete, an increase of seven percentage points from 2021.
Until this year, the figure had tended to hover between 13 and 17 percent, with “little upward movement,” according to Gallup. The large increase in recent months has come primarily from those who have completed higher education, where the percentage of affected workers has increased from 8% to 20%.
And it appears the concerns are not unwarranted, as Goldman Sachs projected last month that “generative AI could expose the equivalent of 300 million full-time jobs to automation.” While this may seem like a doomsday scenario, there are several steps you can take to try to reduce FOBO.
How to overcome FOBO?
To start, get a professional MOT: examine your profession and carefully evaluate any areas you want to improve, and then… well, work on them. You may be lucky enough to have professional development options at work that allow you to improve your skills.
If this is not possible, there are online resources where you can take a variety of courses to fill any knowledge gaps and improve your CV. Forbes also recommends developing connections with coworkers, mentors, and industry specialists who can keep you connected and up to date on the latest trends in your industry.
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Source: vtt.edu.vn