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.

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

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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