Image Source: Visual Capitalist
For the wages were low and the hours were long
And the labour was all I could bear.
Now you've got new machines for to take my place
And you tell me it's not mine to share.
Though I laid down your factories and laid down your fields,
With my feet on the ground and my back to your wheels.
And now the smoke is rising, the steel is all a-glow,
I'm walking down a jobless road and where am I to go.
Tell me, where am I to go.
Automation Song - Phil Ochs
Did you hear the one about the fast food employee who got laid off? He told his girlfriend, "I lost my job to AI - an automated idiot! I taught the machine how to run the fryer, and all the machine kept asking me was, When's my first smoke break?"
Seriously, though, a lot of talks has been brought up lately on the growing threat of automation to labor employment in the United States, as suggested in this article by Jeff Desjardins at Visual Capitalist.
Low skill jobs like shipping clerks and fast-food counter workers are already being automated. Other jobs such as truck drivers and white collar work such as book-keepers and accounting clerks are in the process of being automated. Still, there are some jobs however that cannot be automated due to the necessity of social skills with people such as nurses and middle school teachers.
So, why should the threat of automation matter to you as an artist or an investor?
The reason is simple: You cannot automate creativity. Only humans are capable of original thoughts and ideas. The best way to stave off the threat of automation to you as an artist is by investing in yourself and add skills that will complement your creativity.
Make time to continually learn new skills in different areas such as web design, computer programming language, and digital photography to complete your artistic skills as a graphic designer, writer, or digital art creator.
Knowing how to sell doesn't hurt either. Take time to learn copywriting and digital marketing, so you sharpen your ability to sell either your products or someone else's.
Your creative skills in art and design, when coupled with sales and tech skills, will set you miles apart from your counterparts in the marketplace for talent. Use your skill sets in both art and commerce to show potential customers and clients your value.
To capitalize on this trend as an investor, though, you should make small but significant bets on companies who are investing in emerging technologies like artificial intelligence, machine learning, and virtual reality. Google, Facebook, and Amazon are three very well known examples.
Talk to your registered financial advisor to see whether investments in any of those companies above are right for your risk tolerance.
Thanks for reading @ellofinance today. Have a great rest of your short work week.