Ep. 30 - The Future of Automation
Feb 19, 2019•56 min•Season 1Ep. 30
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Episode description
How to Succeed in an Autonomous World 🤖🌎
In this episode, Justin and Mattimore discuss the risks and opportunities posed by automation, as well as how automation will impact jobs, income, and society at large...
Topics Discussed:
- What is the current state of automation?
- How will automation impact the #1 most common job as measured by number of employees, and the #1 most common job by state?
- How will fully autonomous stores like Amazon Go impact retail jobs?
- How will fully autonomous vehicles impact transportation jobs?
- How many jobs are expected to be lost by the year 2030 due to automation? How many jobs will be lost due to globalization?
- Why do many economists say that "The American Dream is Dead?"
- How has the nature of work changed over the last few decades?
- How does Netflix produce $9B in revenue with 4,500 employees, whereas Blockbuster needed 84K employees to earn $6B in revenue?Â
- How does this fit into the larger trend of "software eating the world?"
- What are the major risks (to employees) posed by automation?
- Why does James Altucher say: “You can’t count on the corporate Gods of America to choose you anymore. You must choose yourself.”
- How might modern workers successfully "reinvent themselves many times over" throughout their careers?
- How might we optimize elementary and higher-level education to account for the seismic shifts that stems from automation?
- What opportunities (for entrepreneurs) are created by automation?
- How much work is done by humans versus computers today, and how is that ratio likely to change in the future?
- What are some examples of one-person, million dollar businesses that show the incredible potential of automation for entrepreneurs?
Future Scenarios:
- What’s the worst case scenario for the future of automation?
- What’s the best case scenario for the future of automation?
- What’s the most likely scenario for the future of automation?
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