Great News From McKinsey: Robots Will Take 800 Million Jobs Worldwide By 2030

Great News From McKinsey: Robots Will Take 800 Million Jobs Worldwide By 2030:

Stories about robots taking over from humans have become prevalent. Recently we’ve written about a new Manhattan Shake Shack replacing human cashiers with robots, killer robots (a.k.a. lethal autonomous weapons systems), a Californian real estate company replacing commission-based human agents with robots, a cocaine workshop in Brazil with robots packing 150,000 baggies a day and the first robot to be awarded citizenship which hopes for “harmony with humans”. No chance.

In June, we discussed a McKinsey & Co. report which stated that US manufacturing could be poised for a recovery and not because of Trump’s policies. Indeed, McKinsey’s rationale was based on automation weakening the case for labour arbitrage. James Manyika, McKinsey Global Institute director, commented.

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Pure Coincidence? Massive McKinsey-Managed Hedge Fund Has Made Money In 24 Out Of 25 Years

Pure Coincidence? Massive McKinsey-Managed Hedge Fund Has Made Money In 24 Out Of 25 Years:

Consider: an influential consulting firm that advises some of the world’s largest companies on strategic questions such as M&A and restructuring has an internal investment arm with $9.5 billion in assets that hasn’t lost money more than once in 25 years.

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