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Stock brokers, stock traders, etc. Computers use sophisticated algorithms to places trades. They are capable of analyzing the market in the comparative blink of an eye while a human would be still analyzing one stock at a time. The only issue is how to avoid quirks, like the catastrophic knight capital software error that cost them nearly a half billion dollars in 2012.
I don't know much about it, but I wonder what changes will befall the resource extraction industries. How much of that industry is open to automation I wonder.
If the free market has any say, the government/public sector would see jobs evaporating. You can't have an ever expanding public sector in the face of a shrinking private sector. Who is going to pay for all these workers if there are not enough private sector workers paying taxes? Let's remember, corporations are very good at dodging taxes. Good luck paying down the national debt in this environment. At any rate, the public sector should look to the private sector when it comes to finding ways to improve efficiency.
I would also expect wages to remain depressed, perhaps increasingly so, for various service-based workers. Employees working in janitorial, lawn care, and general labor occupations will continue to suffer in particular.
Staffing agencies, fast food/quick-serve businesses, 'payday' check-cashing & loan businesses, and discount stores will continue to grow and be a pox on communities.
Public service scamming will continue to increase as a percentage so long as additional recipients are deliberately relegated to the doles.
Yep, and the safety net will increasingly swell. Yeii hyper-productivity, globalization and the goddamn personal ethos of self-righteous self-defeating individualism!
Of course 'tis to do about nothing. Humans after all can switch vocational training and inclinations at the pace of a single computer computation, right? [/sarcasm]
I don't want to see the full Western Europization of this Country, but frankly I rather see that outcome than the violent despair our current socio-economic policy of steep aggregate wealth inequality will unleash on the streets of the already tattered fabric of this Country.
Screw the 'job creator' myth. It's a foolish joke imparted by and on those with a residual protestant-work-ethic-driven fundamental misunderstanding of how wealthy individuals are motivated to spend/disburse their money in private life. What we need is 90% top marginal tax rate without de facto swiss cheese enforcement; a tax code with 6-900 less pages; a government mandate/fencing of employer-funded defined contribution retirement planning for the employee; government subsidized vocational re-training (yes, a lá modern day socialistic Germany).
We need 4 million middle classers empowered to purchase units of [whatever] again on their own wage and not on credit, as opposed to a system that foolishly relies on ONE job creator buying one unit of [whatever] that's not even close to the aggregate sum the former million would have consumed. Get that GINI index back under control. That's what's gonna fix this problem, and ultimately render questions such as the one posed by OP as ultimately irrelevant.
Who's got political capital to effect this change? I don't. I rather it happen in civil discourse rather than pointing guns at each other in eventuality. I wish I was being hyperbolic...
Good predictions. I would expand on it to say most medical specialties will experience some degree of consolidation. Biotech/ pharma pipelines may dwindle due to lower gov't reimbursement through subsidies and generic / counterfeit competition. The same can also be said of medical testing / diagnostics.
Entertainment will continue to face dwindling profits due to the impossibility of intellectual property enforcement via the internet.
Defense industry is well into the contraction phase of its boom/bust business cycle.
Any business that acts as the middle man between producer/seller and buyer.
To me, the number one profession that's going to have to up their game is real estate agent.
There are smart, hard-working agents. But those are a decided minority. Most are lazy dilettantes who do not earn their 5-7%. A smart buyer moving to a new city can spend two hours on a CD message board and the local MLS listings and find what they need.
Yep, and the safety net will increasingly swell. Yeii hyper-productivity, globalization and the goddamn personal ethos of self-righteous self-defeating individualism!
Of course 'tis to do about nothing. Humans after all can switch vocational training and inclinations at the pace of a single computer computation, right? [/sarcasm]
I don't want to see the full Western Europization of this Country, but frankly I rather see that outcome than the violent despair our current socio-economic policy of steep aggregate wealth inequality will unleash on the streets of the already tattered fabric of this Country.
Screw the 'job creator' myth. It's a foolish joke imparted by and on those with a residual protestant-work-ethic-driven fundamental misunderstanding of how wealthy individuals are motivated to spend/disburse their money in private life. What we need is 90% top marginal tax rate without de facto swiss cheese enforcement; a tax code with 6-900 less pages; a government mandate/fencing of employer-funded defined contribution retirement planning for the employee; government subsidized vocational re-training (yes, a lá modern day socialistic Germany).
We need 4 million middle classers empowered to purchase units of [whatever] again on their own wage and not on credit, as opposed to a system that foolishly relies on ONE job creator buying one unit of [whatever] that's not even close to the aggregate sum the former million would have consumed. Get that GINI index back under control. That's what's gonna fix this problem, and ultimately render questions such as the one posed by OP as ultimately irrelevant.
Who's got political capital to effect this change? I don't. I rather it happen in civil discourse rather than pointing guns at each other in eventuality. I wish I was being hyperbolic...
If you have all these mandates, you are going to see companies moving overseas and to the south at a much higher speed. Where does the government come up with the money to subsidize training? The government can't even subsidize education of the young, not to mention the older workers who need continuing education.
What's more likely to happen is that we need to find marketable areas to gain that money to do some of what you said. Or we will reduce the cost of education. Teachers salaries may stagnate. Universities will need to find additional revenue to sustain their operations such as recruiting international students. Public sector wages are inflexible, which contributes to the fiscal problems of this country. This would actually mean less defined contributions and more market driven approaches.
Yep, and the safety net will increasingly swell. Yeii hyper-productivity, globalization and the goddamn personal ethos of self-righteous self-defeating individualism!
Of course 'tis to do about nothing. Humans after all can switch vocational training and inclinations at the pace of a single computer computation, right? [/sarcasm]
I don't want to see the full Western Europization of this Country, but frankly I rather see that outcome than the violent despair our current socio-economic policy of steep aggregate wealth inequality will unleash on the streets of the already tattered fabric of this Country.
Screw the 'job creator' myth. It's a foolish joke imparted by and on those with a residual protestant-work-ethic-driven fundamental misunderstanding of how wealthy individuals are motivated to spend/disburse their money in private life. What we need is 90% top marginal tax rate without de facto swiss cheese enforcement; a tax code with 6-900 less pages; a government mandate/fencing of employer-funded defined contribution retirement planning for the employee; government subsidized vocational re-training (yes, a lá modern day socialistic Germany).
We need 4 million middle classers empowered to purchase units of [whatever] again on their own wage and not on credit, as opposed to a system that foolishly relies on ONE job creator buying one unit of [whatever] that's not even close to the aggregate sum the former million would have consumed. Get that GINI index back under control. That's what's gonna fix this problem, and ultimately render questions such as the one posed by OP as ultimately irrelevant.
Who's got political capital to effect this change? I don't. I rather it happen in civil discourse rather than pointing guns at each other in eventuality. I wish I was being hyperbolic...
Re training won't necessarily get older workers jobs. Even if there is money and will to retrain, a lot of these people simply can't reach that level. It'll be voluntary and only a small fraction will succeed. With so many young people and talented immigrants, you think employers want retrained people? They have plenty to choose from. The 40 years old workers will still face more obstacles and have more hassle in life.
Most of these people will prefer to just receive money. It'll probably be easier for politicians who advocate such to get elected. The key is provide some comfort to these people as a peace treaty.
Stock brokers, stock traders, etc. Computers use sophisticated algorithms to places trades. They are capable of analyzing the market in the comparative blink of an eye while a human would be still analyzing one stock at a time. The only issue is how to avoid quirks, like the catastrophic knight capital software error that cost them nearly a half billion dollars in 2012.
I don't know much about it, but I wonder what changes will befall the resource extraction industries. How much of that industry is open to automation I wonder.
If the free market has any say, the government/public sector would see jobs evaporating. You can't have an ever expanding public sector in the face of a shrinking private sector. Who is going to pay for all these workers if there are not enough private sector workers paying taxes? Let's remember, corporations are very good at dodging taxes. Good luck paying down the national debt in this environment. At any rate, the public sector should look to the private sector when it comes to finding ways to improve efficiency.
The public sector is already becoming market driven. They have to. Many public employees don't have specialized skills and don't have the pressure to upgrade their skills. They would not be competitive in the private sector. The private sector won't have that many jobs for them either.
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