The astonishingly rapid development and rollout of coronavirus vaccines has been a reminder of the power of science and technology to change the world. Although vaccines based on new mrna technology seemed to have been created almost instantly, they actually drew upon decades of research going back to the 1970s. As the saying goes in the technology industry, it takes years to create an overnight success. So what else might be about to burst into prominence?
Bank tellers, factory workers, grocery store clerks, fast-food workers, toll booth operators, truck drivers...
These are just a few of the jobs that have been taken over by robots.
Yes, everywhere you look, workers are losing.
Even Foxconn, the notorious Chinese electronics manufacturer responsible for your iPhone, recently announced that it'd automated away 60,000 jobs in just one of its factories.
Back home, business titans are threatening to cut more jobs if the government raises the minimum wage.
"It's cheaper to buy a $35,000 robotic arm than it is to hire an employee who is inefficient, making $15 an hour bagging French fries," former McDonald's chief executive Ed Rensi told Fox Business.
Indeed, McDonald's, Wendy's, and White Castle are ALL replacing cashiers with touch-screen kiosks where patrons can order food and pay.
This isn't new.
Automated customer service reps have been answering phones for years. Grocery stores have increased the number of self-checkout aisles. And toll booth operators are being replaced by EZ Pass.
Now the obvious question is: If robots are taking our jobs, how can we make money?
Well, one solution would be to invest in the companies that are making the machines.
The growing artificial intelligence market, which is projected to reach nearly US$1 trillion in value by 2028.
Artificial intelligence (AI) has been pegged by some as the fourth industrial revolution, with many industries and countries investing heavily in this technology.
Grand View Research estimates that there will be massive growth from AI over the next several years, with revenues reaching nearly US$1 trillion in 2028, up from only US$93.53 billion in 2021.
The ongoing shortage of components has reportedly halted the production lines for Apple iPhones and iPads, during a period which was historically the busiest one for Apple's suppliers. The company stands to lose out on billions of dollars in revenue due to this.
The Delete by Date feature is aimed at giving users complete control over their digital footprint. It will enable users to easily find and delete date-specific chats from the history..