In this fascinating WEF article, John Lewis explores the implications of automation and robotics on the economy, by taking a historical perspective.
Source: This is what robots mean for the economy | World Economic Forum
The argument is fascinating but masks the evidence of winners and losers from automation and robotics. For example, look at the the trend of US blue-collar and clerical jobs, which been replaced have either by machines or offshoring.
The challenge for young people is to develop niche skills in tomorrow’s premium markets. For example, in my own career, I saw that general managers and CFO‘s were becoming commoditized, so I took an applied doctorate, learned languages and worked in foreign markets, then tailored my market facing offering to niche skills in high demand.
Do you have any unusual insights into automation and robotics?