Will robots steal your job? (and why it's good to be a shareholder)

Intelligent Investor

Independent Financial Research

Software and technology is rapidly changing the way companies make money ... and who gets it. When Henry Ford introduced the assembly line, he put a few horses out of business but productivity went through the roof. Today, the body of a car is assembled by upwards of 30 robots performing no fewer than 4,000 high-precision welding operations. It takes them less than 90 seconds to weld together a typical 4WD. A scattering of people behind computer screens – by leveraging technology and capital – are now able to build tens of millions of cars a year, the equivalent of incalculable horsepower. This is just one example, but it's happening everywhere. Once secure jobs are being replaced by software and hardware. And that has ramifications for workers and shareholders alike... Read full article here: (VIEW LINK)


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