Beware the Machines Are Here!

3565494307_dc3a0362be_z

I’m attaching a very interesting video about advances in technology and how this destroys lower skilled jobs. This is a trend I am very bullish on, and trust me, this video is well worth the 15 minutes of your time. We are in a different era and the 10% of people that prepare themselves will reap outsized rewards.

We will come out ahead because of technology, but the transition will be very painful because the trend of a technological shift is converging perfectly with the debt crisis. In the interim, we will see massive civil unrest.

Share this article
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  • Darrell

    Well, with all our government debt and a stagnate tax revenue, it will be difficult for our policy wonks to deal effectively with the social problems that our robotic revolution will create. Civil unrest will probably be the mildest form of protest, Pray for solutions that call for compassionate responses, rather than violent confrontation

    • http://www.expectedreturnsblog.com Moses

      Unfortunate but true. If history is any guide, confrontations should be violent. I am in pure disbelief at some of the images I’m seeing from Ferguson.

  • RDI

    Moses,
    really enjoyed the video ,I hadn’t realized the extent that machines have taken over in the workplace .Curious how one can will be able to capitalize on this , as you say in the introduction- “10% of the people will reap outsized rewards “

    • http://www.expectedreturnsblog.com Moses

      Hey RDI,

      In order to capitalize, you need the right skills. I would teach my kids programming. Treat programming like we treat reading in America- in other words, learning it is mandatory.

      Critical thinking is very important because you need the ability to solve increasingly complex problems that you’ve never seen before, i.e. fluid intelligence. Reading widely helps. Deconstructing arguments from both sides helps. No need for memorization when information is freely available and easily accessible.

      If you really can’t master technical skills, you should be able to manage talent. That’s the gift Steve Jobs had. That will always be useful, and I think, increasingly so. Leverage the ability of others.

      Just know you need to work at your skills constantly because change is accelerating at a rate we’ve never seen before. We already see the repercussions around the world, perhaps moreso in Europe than anywhere else. There the divide between the “old” way of doing things and the new is very clear.