Job Creation And Destruction By Technology And Automation

Job Creation And Destruction By Technology And Automation

Editor: Johnathan Meyers | Tactical Investor

One of the main reasons we cover such a broad range of topics is because the masses are being systematically brainwashed to see what they are being directed to see. You can only solve the problem if you understand the problem; if you do not, you will either never solve it or continue trending on the path of stupidity forever. To become a good investor, you need to see the full picture and not the snippets that the mass media conveniently and almost gleefully is willing to provide.  Mass psychology states that it is imperative to acknowledge the forest while looking at the tree. In other words, emotions drive the markets, and you need to focus on what emotions Mass Media is trying to stir up to spot the next significant trend. With that in mind, we think you might find the following article to of interest:

Many stocks are trending upwards while key technical indicators move from the overbought to the oversold ranges. If this took place on the daily charts it could be ignored, but, these developments are taking place in the slow-moving monthly charts, and it suggests that a new trend might be about to take hold. Then you have stocks that trend endlessly in the overbought ranges with no sign of letting up, but the stock continues to trend higher and higher. If this trend takes hold, then a plethora of technical analysts will face the ultimate challenge: “Adapt or die”. Stock market Insanity Trend is Gathering Momentum

You’ve seen the headlines: “Robots Will Destroy Our Jobs—and We’re Not Ready for It.” “You Will Lose Your Job to a Robot—and Sooner Than You Think.” “Robots May Steal as Many as 800 Million Jobs in the Next 13 Years.”

Such stories are tempting to take at face value. Who wouldn’t want to know if their livelihood, or that of their children, will soon be in jeopardy?

Here’s the problem: the findings cited emanate from a wide array of studies released by companies, think tanks, and research institutions. And their prognostications are all over the map. They’re coming so fast and thick, in fact, that we here at MIT Technology Review decided to start keeping tabs on all the numbers different groups have come up with about predicted job losses (and some gains) at the hands of automation, robots, and AI.
Of course, not all statistics are created equal. The most commonly cited numbers are from three places: a 2013 Oxford study (not listed in the table) that said 47 percent of US jobs are at high risk of automation in the next few decades, an OECD study suggesting that 9 percent of jobs in the organization’s 21 member countries are automatable, and a McKinsey report from last year that said 400 million to 800 million jobs worldwide could be automated by 2030.

In short, although these predictions are made by dozens of global experts in economics and technology, no one seems to be on the same page. Full Story

Other Articles of Interest

2018

Stock Market Insanity Trend is Gathering Momentum   (Jan 10)

Is value investing Dead   (Jan 9)

Irrational markets and Foolish Investor: perfect recipe for disaster   (Jan 5)

Stock market Crash Myths and Realities  (Jan 3)

Bull-Bear Markets & Arrogance   (Jan 1)

2017

Will The Stock Market Crash In 2018  (Dec 11)

Has US Dollar Finally Hit Bottom    (Dec 6)

BitCoin Has Done What Precious Metals Never Could  (Dec 4)

Experts Making Stock Market Crash Forecasts usually know nothing  (Nov 17)

1987 stock market crash anniversary discussions- nothing but rubbish ( Oct 24)

Dow 22K Predicted In July 2017; Next Target Dow 30k? (Oct 15)

Anxiety and Greed Index Don’t Support Stock Market Crash  (Oct 14)

Fed States Inflation is not an issue?  (Oct 13)

Is Bitcoin a Bubble or Good Investment?  (Oct 9)