One thing I do everyday is a read the national and the world news. I'm particularly interested in the Business part cause you know that's what I analyse. Then probably once a week I see news about outsourcing, inequality, anti establishment and technology. Here's where it gets "fun" so much doom and gloom about how tech will help us improve but at the same time replace us as humans and take our jobs (fitly robots!). Then there's me a student almost finishing and would apparently be difficult for me to find a position in any graduate opportunity. Right now I already have my IB degree but it's close to useless without the second major I'm currently trying to finish. But let me get back to the tech part replacing humans.
I know this is a long shot but I also know RT and its associated entities, have some smart people in the community that I can have a discussion and debate with, so get ready to disagree with me! Recently I've seen Joel with all his very gloomy forecasts, maybe he's is right or wrong who knows? This is the fun part of economics you'll never know the true answer until the results shows up. So to get back on the tech replacing humans, let me give you a back story. 2 years ago CGPGREY released a video called "Humans Need Not Apply" go watch it on youtube, it's quite interesting. Ever since I've been seeing everywhere how humans will be jobless and how people are being laid off in large numbers as robotics take traditional manufacturing jobs. Then there's the self-driving cars and how the transportation industry will slowly be automated in a few years. So on it goes even to the top echelons of power robots will soon replace them. Probably the only safe profession is programing and IT Tech. So I thought to myself a robot can probably do financial analysis so now how do I find a job that is Robot proof?
Recently I been focusing on developing Niche skills because you know tell a robot to value a start-up company. It will probably malfunction and release senseless numbers, that's what I hope for at least. Then today I been listening to central bankers and governors, you know those people the financial industry hate for printing money and setting ludicrously low interest rates. They were telling about how the population are aging and people are demanding less and how everyone is in so much debt like in government, businesses and households. There was also the insulting part on how millennials are lazy and are just waiting for their parents to give them an inheritance. I'm sorry but I've always worked hard for everything I have or do, I don't expect my parents to spoon feed me thank you very much.
But I digress, I'm going to finish off by asking this simple economic question. If robots are replacing us and taking all the jobs, then who will pay for them? Where is the demand coming from? From other robots? they are objects for goodnesssakes why on earth will they need money? Maybe it's the rich they want all the money? but by that logic shouldn't robots replace them too sooner rather than later? My point is I think there is still opportunities for us all even us millennials (even though I hate the term). We just need to learn for the Gen X they had it pretty tough, but the internet and all these interconnections will hopefully give us some resilience.Then finally there's the ageing population, I think, as they slowly move out of the work force we're going to fill the gap and with anything left the robots will take its place to augment our working style and help us develop new and cool things. I don't believe on the other way around. Then again be reminded this entire article is my opinion.