Using
data from a comprehensive employment report from the University of Oxford,
Henrik Lindberg, chief technology officer at Swedish financial technology
company Zimpler developed a chart depicting which jobs were most likely to be
taken over by robots. According to his data, the first jobs to be
performed by robots will be those working as retail clerks, fast food workers,
and secretaries. He doesn’t say exactly when it will happen, but he
expects that within 10 to 20 years, about 50% of jobs in existence today will
transition to automation. Lindberg believes that occupations which will remain
in demand are those that require the human characteristics of compassion,
understanding, and moral judgement, such as nurses, teachers, and police
officers.
Womack Weekly Commentary September 18, 2017 The Markets “In theory, there is no difference between theory and practice, in practice there is.” Yogi Berra was talking about baseball, but the concept also applies to diversification, according to the GMO White Paper, The S&P 500: Just Say No . From the title, you might think the authors – Matt Kadnar and James Montier – don’t like U.S. stocks. They do: “Being a U.S. equity investor over the past several years has felt glorious. The S&P 500 has trounced the competition provided by other major developed and emerging equity markets. Over the last 7 years, the S&P is up 173 percent (15 percent annualized in nominal terms) versus MSCI EAFE (in USD terms), which is up 71 percent (8 percent annualized), and poor MSCI Emerging, which is up only 30 percent (4 percent annualized). Every dollar invested in the S&P has compounded into $2.72 versus MSCI EAFE’s $1.70 and MSCI Emerging’s $1.30.” The au...
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