Robots in Finance Could Wipe Out Some of Its Highest-Paying Jobs

Re:Robots in Finance Could Wipe Out Some of Its Highest-Payi... by strict9 on Saturday December 07, 2019 @12:16PM (#21731345)

I’m always skeptical of these articles, but this is accurate:

>many of whom will lose their jobs -- not necessarily because they are replaced by machines, but because they are not trained to work alongside algorithms,”

The story with technology is about adaptation, not replacement. Teams, departments, technologies have come and gone out from under me in about 15 years in the software field.

One could say I was replaced by software (or cheaper devs elsewhere) when I was laid off or when teams I was on were eliminated. But if I wanted to keep getting a paycheck, I had to adapt to something else in demand.

That’s life and these sensational articles generate clicks but it happens in almost every private industry.

You have to adapt and grow or else you’ll wither.

[ Parent | on HN ]

Re:Robots in Finance Could Wipe Out Some of Its Highest-Payi... by whyenot on Saturday December 07, 2019 @02:45PM (#21732169)

You have to adapt and grow or else you’ll wither.

Agreed, but we now know that as people age it becomes increasingly difficult for them to learn new things. This is a basic function of biology and how the brain ages.

Due to automation, change is happening increasingly quickly, more rapidly than many people can adapt to. People are being left behind, which has pretty serious social and political implications.

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Re:Robots in Finance Could Wipe Out Some of Its Highest-Payi... by HammockWarrior on Saturday December 07, 2019 @03:01PM (#21732253)

That's why it's quite important when you do get that high paying job to bank a large percentage of your salary into income generating assets. It's basic diversification of income streams.

[ Parent | on HN ]

Re:Robots in Finance Could Wipe Out Some of Its Highest-Payi... by ksec on Saturday December 07, 2019 @08:59PM (#21733929)

Exactly this.

It is the Low and Middle Income that gets squeezed if they are not already squeezed enough. And you will be surprised how many of them wont be able to adopt.

And I am not surprised it would be hard for anyone working in Tech to understand, because I have come to the conclusion most of the so called Middle Class Income group around the world mostly shrank to Technology Sector.

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