Robots in Finance Could Wipe Out Some of Its Highest-Paying Jobs

Discussion in 'Wall St. News' started by guru, Dec 7, 2019.

  1. IAS_LLC

    IAS_LLC

    Yup, AI/ML.
     
    #11     Dec 8, 2019
  2. gaussian

    gaussian

    It'd be fine but we have over 50% of America pushing against basic income.


    It'll be interesting when markets are no longer markets but just robots ping-ponging fabricated money back and forth. Perhaps this is a sign of a market singularity?
     
    Last edited: Dec 8, 2019
    #12     Dec 8, 2019
    leon7 and Fx-Game like this.
  3. .sigma

    .sigma

    Isn't that how it is now? Or are you talking about absolutely no human involvement (retail?).
     
    #13     Dec 8, 2019
  4. gaussian

    gaussian

    Yeah, mostly talking about a complete lack of human involvement.
     
    #14     Dec 8, 2019
  5. you know that the guy responsible for most of cocaine smuggling was a former CIA informant agent and the US military was smugglingd drugs into the country during vietnam and in the 80's and 90's

    The SEC and nasdaq are the facilators or fraud and manipulation, you know what I am talking about..job losses so be it, computers have replaced tellers so what, the tech jobs are , this isn't communist country with welfare jobs. it's about making profit for the exchange which is a private exchange. capitalism is superior cause it's efficient in producing goods and services that is in demand. gov't is a parasitee in the economic system. traders are speculators and make their opinions in the market,,

    that is capitalism, obsolete professions and obsolete industries. gov't should be more efficient. you can lay off 1/3 of gov't and see know difference in services or cut half of the US military budget and see no difference in the lives of the taxpayers.
     
    #15     Dec 8, 2019
  6. AI just automates what the best traders or investors. AI figured out it's fraud market and front running is profitable. you won't see smart money buying or investing OTC market shares or buying shares or participate in ponzi schemes, iwth their own money.

    The money invested in frauds or ponzi schemes is 'other people money' mostly institutional money with no trace of the source. cause it's to launder money via the stock market or the exchanges.
     
    #16     Dec 8, 2019
  7. zdreg

    zdreg

    That is why they marry government workers like teachers etc. The teachers marry them because they can initially brag how they marry this hot hedge guy. Then when the shit hits the fan they downsize and they live of her salary and accumulated savings.
     
    #17     Dec 8, 2019
    nooby_mcnoob likes this.
  8. Turveyd

    Turveyd

    I would just like to take the time to point out, I've seen all the movies many times, I believe the human race SUCK, so I'm 100% on the Terminators side, so don't kill me, use me I can help rid the world of people once and for all.

    Long live the Terminators, down with the human race!!!
    Long live the Terminators, down with the human race!!!
    Long live the Terminators, down with the human race!!!
    Long live the Terminators, down with the human race!!!
    Long live the Terminators, down with the human race!!!
    Long live the Terminators, down with the human race!!!
    Long live the Terminators, down with the human race!!!
    Long live the Terminators, down with the human race!!!
    Long live the Terminators, down with the human race!!!



    ( just incase, no way we win! )
     
    #18     Dec 8, 2019
  9. guru

    guru

    Personally I think that a few years from now people will be revolting due to unemployment, but 100+ years from now jobs will be optional and people will work for pleasure, doing research, art, sports, etc.
    Humanity evolves and creates technology for its benefit, so we should arrive at a point when it does benefit from that progress.
    Only not sure how many humans will be left to enjoy all that, after the next war, famine, or Terminator invasion.
     
    Last edited: Dec 8, 2019
    #19     Dec 8, 2019