A lot has happened since I wrote this article back in 2019. Since then, we have gone through a pandemic, a war between Russia and Ukraine, high inflation and global food shortages.
Even with all this, there’s another major problem on the horizon: massive layoffs and workers being replaced with robots.
It’s important to look at the trends that we were dealing with before the pandemic started:
An important aspect of fitness that’s often overlooked is financial Fitness. A major topic of concern these days is many jobs (and workers) being replaced by machines due to automation.
There are countless examples of jobs slowly being phased out, especially in the retail sector. Go to Walmart and see self-serve checkout lines. fast food restaurants have kiosks where you can place your order without talking to an employee. Self-driving cars are increasing in numbers, with talk of them replacing truck drivers within the next 10-15 years.
The Industrial Revolution
While many people are concerned about artificial intelligence taking jobs, this is nothing new. Machines have been taking our jobs for over 200 years.
Two words: “Industrial revolution.”
Factories. Prior to the 1900’s, items were painstakingly made by hand. Items could take weeks or months to be completed. This also made them more expensive. However, when the ability to mass produce items (such as cars) was established, this put many people out of business.
It also made products a lot cheaper.
Cars. The advent of cars also revolutionized travel and shipping of goods. Suddenly, the horse and carriage was no longer needed. This had a major impact on those who cared for horses, the building of the carriages, and those who drove the carriages.
Anther major change occurred when trains were used to to transport goods across the country.
While we take these changes for granted today, they were met with fierce resistance at the time. For example, in the 1800’s, luddites were English workmen who believed the machines were taking their jobs. To show their displeasure, they destroyed the machines in protest.
History IS just repeating itself. More and more people are voicing their displeasure about automation and the phasing out of jobs. The real question is how will YOU respond? What will you do about it?
Where We Stand in 2022
The last 2 years have devastated the global economy. In an effort to replace workers, many companies have turned to using robots:
As employers around the country seek ways to fill labor gaps, many are increasingly turning to the assistance of automated technology and robots.
Robot orders increased 40% in the first quarter of 2022, as businesses seek solutions to the labor crisis.Read the story HERE.
The Raw Reality
It’s time for us to accept the facts: many of the jobs are parents and grandparents took for granted will be gone within 10-15 years. Many politicians bemoan the number of jobs that have been sent overseas, and promise to bring them back, but can they? Are those jobs to be phased out also?
Instead of waiting on these jobs to come back, we must take matters into our own hands. As more and more jobs are phased out, we must become proactive and forward thinkers. Ask yourself the following questions:
- What jobs look to be gone in the next few years?
- Will my job be affected?
- What industries/careers will increase in demand?
- How can I capitalize on these trends?
- How will I pay my bills if I get laid off?
This is the time to seriously think about your future and what your next moves should be.
The New Industrial Revolution
As layoffs increase and we move into another industrial age, it’s critical we change along with it. Instead of watching it approach like a tsunami or avalanche, there a few things we can do:
- Become a specialist. As more jobs become obsolete, we must stand out from the crowd. What can you do that a machine can’t?
- Create multiple streams of income. The average millionaire has 7 streams of income. Instead of relying on that one job to meet all your financial needs, discover ways to create passive income.
- Increase your online/internet presence. As more people shop online, how can you capitalize on this trend? Can you become a social media influencer? Sell products online?
Many of the most important lessons aren’t taught in school. It’s critical you learn from history and act accordingly. It has a way of repeating itself.
Get more tips on business and success in my books Invest For Success: Millionaire Wealth Strategies Not Taught in School, and Planting Seeds: The Children’s Guide to Entrepreneurship.
Want more? Check out my online courses on Udemy: