(no subject)

Oct 20, 2011 13:44

You know when they replaced all the factory workers with robots and till clerks with self-check out counters? Here's an industry with labor that could -easily- be replaced by software: the financial industry. $200k university fees to study maths and economics be damned, their job could be done better by a 5kb software program. Just one that could analyze a few inputs on certain products in their portfolios and buy and sell by simple graph curves. In fact they already have this technology in use for most of the operations and bean counting, they could still replace 99% of all their labor with it. All the shops like your corner H&R block broker shops and others can be replaced by a website. You just log in and instruct it to sell different things and you can get advice by a set of a few hundred prepared ones that come up based on how your portfolio fits with certain guidelines. So just close them down.
If this started to happen wouldn't it be ironic that some of these guys might try to form unions and hold resentment for getting some of what they used to dish out?
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