What to do? Become a software developer. That's what my oldest kid does for a living here in Austin, and she's doing extremely well. They keep trying to push her into management, and while she has several people working for her, she has no interest in 75% management and 25% software development. She could make more money, but she's making plenty now, so she keeps pushing back because she loves what she's doing. Our youngest, in his last year in college, is getting into animation, another creative field. Those are areas I think young people should take a hard look at - creative technology. I'm retired, thank goodness.
I'm pretty sure global warming is going to result in resource wars, and someone is going to release a man made pandemic super virus before the robot singularity, possibly followed by a limited nuclear exchange as society completely colapses. So once that happens, he has nothing to worry about. "Hunter Gatherer" will be a tremendous growth field. "Medicine man/shaman" will also grow, but not as fast.
They're growth stocks, especially if you're betting they take over the economy. So, I don't think you need big money for a smart investment to be worthwhile. They also represent a natural hedge against robots taking your job. Either you get paid by having a job, or you get paid by having a robot steal your job. But I mention it to grind my own little socialist ax. Wealth is distributed between capital and labor. Owning robots tips the balance very far in favor of capital. That's why something that should be a good thing (innovation) is for some people a bad thing. Marx's answer was to have the people own the means of production -- essentially that laborers are also the owners. We took a weird tangent on that storyline in the 20th century with the 'people' owning the means of production by the state taking over everything and running a (very inefficient) dictatorship. But, capitalism produced the tool for it, the stock market, and computers and the internet have lowered the barriers to entry into the stock market to almost nothing. It won't solve all problems, but laborers can be owners, and they should be.
All I can do is the same as you, google it. I think you're right it'd be a mistake to pick individual stocks. It'd be better to pick an index that is making a bet on the whole sector.
Those big powers that switched to communism were agrarian nations that didn't have cultural institutions of peaceful transfers of power or developed economies of their own. It was tantamount to introducing Shock Therapy to post-USSR Russia and the Iraqis. Perhaps AI assisted governance and a more consumerist service culture will cause countries to dabble in socialism the way Marx theorized as the next step in capitalism. Who knows? Even with AI, machines are just another tool that doesn't necessarily cure social problems.
At some point I think development will get automated. There is nothing we can do better than computers given they have enough training data and sufficient hardware.
I hadn't been paying attention to Tesla Bot at all so I was absolutely floored by the fluidic movement of the dancing 'Tesla Bot'... which turns out to be a man in skin tight suit. Wth is the point of that??? EDIT: Quoted and replied to the wrong post, sorry!
It is a bit of a worry, to be honest. For future proof (as much as possible) career options, I would guess: - Skilled trades - Tech (coders, etc.) - Teachers - Sales - Military
These robots look like ass. (No offense to the professors they're modeled after, but their movements are so... robotic.) Their facial expressions are less emotive than even college physics majors.
Skilled trades will have to adapt. 3D printing (which is a robot) is going to take over the construction industry. When you add in the prefab parts, there's not as much to swing a hammer at. Teachers will take on different roles. But there will always be a role for teachers as long as we have public schools, which are daycares for a lot of parents Military is already going to autonomous/remote weapons. The need for grunts will go down. As with any 'emerging' technology, it will create other opportunities we can't imagine yet.
