Blog: Technology Displacement, your Job and how to make money in spite of robots
Technology strives to eliminate inefficiency. Speaking to CBS News’ Scott Pelley in an interview for 60 minutes Kai Fu Lee stated that 40% of all human jobs could be replaced by Automation by 2030. Chauffeurs, truck drivers and a host of working class individuals could see their stability threatened.
Currently financial advisement jobs are being replaced by innovations such as Acorns, Betterment, Ally Invest, Swell and Bloom. These platforms offer taxable IRA, Roth IRA, Apex Backed Clearing and create guidance for as little as a flat $10.00 fee.
No minimum balance requirements mean that there is no distinction of “qualified clients”. Independent financial sector jobs are under threat. It appears that every single sector of our economy is experiencing the wave of automation. Jobs that perform basic functions such as manufacturing, mechanic assembly and agriculture cultivation are increasingly evolving to eliminate human interaction. At some point there is a tipping point between population growth and job shrinkage.
When do we arrive at the point where there are not enough jobs to fill a growing population?
Even Lockeed Martin and Boeing are experimenting with robotic soldiers. Yes the battlefield appears to be under threat — and most people do not seek to risk their lives to earn paychecks. It appears that everything is on the menu for Robots to consume.
How do you make money? How do you still capitalize? How do you stay relevant in an emerging market?
Creativity, artistic expression and cultural imagination are fields that robots have no adaptability for. Indeed the only field that appears safe is one of artistic inspiration.
Humans have no limit on abstract art creation, innovation of previously uncoordinated designs or inspirations resulting from uncanny sources.
The future of profits is found with people who imagine, innovate and design new concepts. In approaching deals I continually find ways to design, fit, and custom tailor solutions that have never been offered.
The ability to adapt to any situation and create a cohesive presentation is my relevance. There is no such thing as “Business as Usual”.
As technology evolves mundane routine tasks are easy targets. The ability to stay relevant relies upon innovation and the ability to say “Why Not?” Wisdom is often simple. Complexity is often the excuse of uncertain people or lack of mastery. E=MC/\2 is a three variable equation utilized to summarize complex mathematical theories about the origins of the universe.
Long equations are typically hypothesis that predict but lack basis to clearly prove ideas. Ray Kurzweil is a profound American Inventor and futurist. Mr. Kurzweil is a MIT graduate and is greatly known for the prediction of technologies such as the smart phone, internet, speech recognition software and host of other technologies before their advent. Mr. Kurzweil’s predictions were made during a time where society contested the idea that such technologies would replace conventional methodologies.
Mr. Kurzweil’s current prediction centers on Universal Basic Income (UBI) and society’s main desire to find purpose. In other words a man who has about a 70% accuracy predicting technological future events thinks society will be consumed with finding purpose. The pursuit of this desire will result in money allocation towards people who satisfy this desire. Mr. Kurzweil believes that people will actively seek, pay and participate in activities that give them purpose.
Time and time again the great human consistency is to appreciate: music, art, and forms of creative expression.
As society progresses into an age of automation the one consistency I anticipate will remain is desire to seek individuals who 1) innovate, 2) create, and 3) bring purpose. As you ponder on your entrepreneurial endeavors ask three (3) simple questions:
1) Do I innovate new feelings, ideas and inspirations?
2) Do I create new concepts, structures and frameworks?
3) Do I bring purpose to my clients’ lives, work and goals?
It’s my firm belief the only relevant individual will be those that solicit positive answers to these questions. This article seems abstract, full of philosophy and opinionated. These are all the characteristics robots are not. These are all the things that artificial intelligence cannot replace. Cultivate what robots cannot if you want to stay relevant. Don’t be replaced by failing to adapt to change. Change might adapt to you and leave you as yesterday’s model.
About Christopher: Christopher Knight Lopez is a Professional Entrepreneur. Christopher has opened over 7 businesses in his 14-year career. Christopher’s purpose is to take advantage of various market-driven opportunities. Christopher is a certified Master Project Manager (MPM) and Accredited Financial Analyst (AFA). Christopher previously held his Series 65 securities license. Christopher also has his General Lines — Life, Accident, Health & HMO. Christopher has managed a combined 286mm USD in reported Assets Under Management & Assets Under Advisement. Christopher has work experience in 29 countries, raised over 50mm USD for various businesses, and grossed over 7.5mm in his personal career. Christopher worked in the highly technical industries of: biotechnology, finance, securities, manufacturing, real estate, and residential mortgages. Christopher is a United States Air Force Veteran. Christopher has a passion for family, competitive sports, fishing, martial arts and advocacy for entrepreneurs. Christopher provides self-help classes for up-and-coming entrepreneurs. Christopher’s passion to mentor comes from belief that entrepreneurs need guidance. The world is full of conflicting information about entrepreneur identity. See more at www.christopherklopez.com.