The big boys recently met in Davos. The World Economic Forum in Davos is where the big boys meet every year to make policy decisions. This year the business leaders at Davos focused on automating their workforces as quickly as possible. The big boys know the only way to stay competitive and to maximize their profits is by replacing you with machines.
Right now companies are moving at breakneck speed, spending billions of dollars to create highly automated operations that will drastically reduce the need for workers. A 2017 survey by Deloitte found that 53 percent of companies had already started to use machines to perform tasks previously done by humans. The figure is expected to climb to 72 percent by next year. The Brookings Institution says, “Robots could soon replace a quarter of U.S. Workers. Roughly 36 Million Americans hold jobs with ‘high exposure’ to automation.”
Who are the most at risk? Working-class white men without college educations and working-class women who dominate clerical and administrative positions. Screwed over by the big boys, big government and big business, there is stigma attached to having grown up as working class, or choosing the economic lifestyle of the working class. Yet, working-class white men without college educations are at the heart of the Trump base.
Kai-Fu Lee, the author of “AI Superpowers” and a longtime technology executive, predicts that artificial intelligence will eliminate 40 percent of the world’s jobs within fifteen years.*
Fifteen years! That’s a long ways away, you say! That’s what the big boys say too! I’ll take my money and be gone by then, they say! Now, here’s the really bad news: maybe, you’ll be gone too.
The big boys know the only way to stay competitive and to maximize their profits is by replacing you with machines.