If you are not yet convinced automation is a big factor in the
creation of America’s jobless future (and the planet’s), you probably missed
the 60 Minutes report on robots’
impact on jobs (Sept. 8, 2013). No matter. You can see it here:
I mention the program because it presents the case that man’s
ever-quickening march into a world of automated solutions is creating an
economic problem that is fast becoming an economic disaster. As many more people
give up their jobs to machines that work better, faster, and cheaper, they will need new sources of income.
For your family and mine, the most-practical solution is to
develop investment skill. We can’t count on an early rescue by the development
of an entirely new economic system. (Eventually, yes we can.)
Meanwhile, the poor will continue to get poorer and the rich
will continue to get richer because investors will be the beneficiaries of our increasingly
jobless economy. Automated machines will continue to make corporations ever
more profitable, and shareholders will continue to own the corporations and collect their stock dividends.
Yes, there’s some good news. The internet now provides the
resources needed by those who are willing and able to learn to be skilled,
successful investors.
Here’s your first lesson: To enter the investment world, you’ll
need to redirect money saved. Savings are victims of inflation by giving up
about half their purchasing power every 15-20 years. To overcome inflation, the
cash you and your family accumulate must be
invested and each of us must know how to get the job done.
Many more lessons are in this blog—for free. They can direct
you, your family, and your friends to where you need to be by telling you what
you need to know and what you need to do. (This is my 263rd blog post.)
I did write an e-book not long ago, and it includes
consideration of the questions our alert politicians and innovative thinkers
need to wrestle with. You can find it in the big online bookstores.
If you wish, visit Amazon for a review of the book:
