The Coming Economic Collapse. Opinion thread.

[Jocorpi]

[zhaoyun]

Didn't bother to watch most of it. But if it is talking about how AI and Robotics will fundamentally disrupt the global economy, then yes, I agree.

[Jocorpi]

Didn't bother to watch most of it. But if it is talking about how AI and Robotics will fundamentally disrupt the global economy, then yes, I agree.

Is suicide the only option left?

[catgeorge]

AI and robotics have been in the economy for some 20 years

[zhaoyun]

Is suicide the only option left?

No. But really, the only way you can survive in the job market is to invest in your education to gain valuable skills that will not easily be replaced by robotics and AI. Unfortunately, only a small percentage of the population actually has that propensity, so massive numbers of people will be significantly impacted.

The most secure way to deal with the coming onslaught of economic insecurity is to hold assets, whether it is land, money, stocks, etc which will still be in demand. That has always been the case but will be more pronounced in coming decades.

[zhaoyun]

AI and robotics have been in the economy for some 20 years

Not like how it is going to be. AI is actually going to advance exponentially in the next few decades, as will robotics. Many labor intensive jobs will be wiped out.

Honestly, I don't know how countries like India and Indonesia will be able to climb the development ladder, as the vast manufacturing industries that once propelled East Asian nations into higher levels of development will likely have their labor be replaced by robotics. Which means a major conduit of employment and job security that would've survived as a development ladder for the masses of third world labor will be significantly reduced.

[Teutone]

Invest in Gold guys, the price will skyrocket soon.

But hasnt to be gold can be any noble metal

[Jocorpi]

No. But really, the only way you can survive in the job market is to invest in your education to gain valuable skills that will not easily be replaced by robotics and AI. Unfortunately, only a small percentage of the population actually has that propensity, so massive numbers of people will be significantly impacted.

The most secure way to deal with the coming onslaught of economic insecurity is to hold assets, whether it is land, money, stocks, etc which will still be in demand. That has always been the case but will be more pronounced in coming decades.

Just a minority of the population has the IQ to Finish a career, or the economy (capital), maybe inherited from their parents, to start their own business or investing in something expensive... This is annihilation.

[zhaoyun]

Just a minority of the population has the IQ to Finish a career, or the economy (capital), maybe inherited from their parents, to start their own business or investing in something expensive... This is annihilation.

Well, if it's any consolation, the full impact of the fourth industrial revolution probably won't be felt until maybe 30-40 years from now. So you have some time still.

[Jocorpi]

Invest in Gold guys, the price will skyrocket soon.

But hasnt to be gold can be any noble metal

People will pay their place in this world with gold, like in days of king Salomon. 6 6 6 talents would be the fee.