Eric,
Agreed self driving trucks will be a few years off. They won't dump
fairly new ones and a retrofit may not be worth it. - but coming. Did
you see Dubai is planning to start a pilotless drone taxi service this
Summer? http://www.ehang.com/ehang184
It looks like changing things that don't need a lot of expensive
hardware is moving faster. Like writing articles for the media, reading
X-Ray images and anything where the human is making a lot of money like
pharmacists. Most stock exchange trading is already done by computer
and many hundreds have been laid off.
AA
On 4/2/2017 8:15 PM, Eric Walker wrote:
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
