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Money and Finances
Reply to "Are you richer than your parents?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My parents were engineers and forced me to become an engineer, and I became an engineer. I hated it and changed careers, but I appreciate the education I got as an engineer - it has made me good at what I do now. I am therefore thankful to my parents for forcing me to learn engineering. I am doing *MUCH* better than my parents. I'm not going to let my kids chase their idiotic dreams. They are going to learn something with a predictable and abundant financial future. [/quote] Robots will do more so if you are thinking medicine, you are wrong. Only a small number of lawyers make it big so nah can’t be law. Finance? Robot investing is the future...real estate? What did you have in mind?[/quote] PP here. Robots and AI can do things that are well defined and repetitive in nature, but they cannot be creative, yet. I don't buy the argument that robots and AI will completely eliminate an employment type. People like to use manufacturing as an example, but even now, the number of manufacturing jobs is about 60% of the peak established in the late 70s. If you then want to argue that wages have stagnated, that doesn't seem to be true either as can bee seen in the following graph for average manufacturing job wages: [img]https://d3fy651gv2fhd3.cloudfront.net/charts/united-states-wages-in-manufacturing.png?s=unitedstawaginman&v=201904061017a1&d1=19190101&d2=20191231[/img] Success in life relies on two things: 1) having some solid technical ability, such as engineering, science, law, etc, and 2) the person needs people skills, which is closely related to business management. I plan to prepare my kids with both of these, and that will more or less ensure that they can deal with whatever change in the market/industry they encounter. [/quote] This is correct. AI still needs people to manage/program. So, people definitely won't be out of jobs..but the nature of the jobs will change.[/quote]
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