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It used to take a human researcher two days. Now, a new program at investment bank Goldman Sachs compiles detailed reports in two milliseconds…
Automation of this sort means up to 54% of existing financial jobs will disappear. At Goldman Sachs, those jobs pay $350,000-500,000 per year.
It’s making companies far more productive… but new human jobs aren’t appearing as fast as they’re getting automated away.
And it’s not just affecting Wall Street…
A 2013 Oxford University study suggests 47% of all American jobs are at “high risk” of automation within the next 20 years.
“Technology is becoming more labor-saving and less job-creating,” says one of the study’s authors.
Look into the future of human employment in an automated world, right here.