A topic long of interest on Vortex is what implications the revolution in
technology of the last few decades will have for employment.  With the
imminent advent of self-driving vehicles, one occupation that seems at risk
is that of driving trucks.  But one gets the sense that any dramatic
changes in that sector are a few years off.  An occupation I wasn't
expecting to be on the line is that of managers of actively managed mutual
funds.  Recently BlackRock began consolidating its actively managed funds
with funds that rely on algorithmic trading, along the lines of Vanguard's
exchange-traded funds:

https://www.nytimes.com/2017/03/28/business/dealbook/blackrock-actively-managed-funds-computer-models.html?_r=0

There are still some actively managed funds at BlackRock, and this area of
the business is still profitable.  But it's not clear how long it will
continue to be.

Eric

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