8 years ago
1
A lot of people who make over $350,000 are about to get replaced by software
Artificial intelligence is poised to automate lots of service jobs. The White House has estimated there's an 83% chance that someone making less than $20 a hour will eventually lose their job to a computer. That means gigs like customer-service rep could soon be extinct. But it's not just low-paying positions that will get replaced. AI also could cause high-earning (like top 5% of American salaries) jobs to disappear. Fast.
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http://www.businessinsider.com
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I immediately thought of investment bankers and the like when I read this, at some point it may become way better for my portfolio to let a computer run the algorithms and calculations and place my money. I imagine as that happens some people will be uneasy and willing to pay higher prices for a real investor though. Lord knows they can't be worse than me. Krispy Kreme stock went kaput when they went bankrupt, as did a few others.