The world is always changing. It is nothing new. But the pace of change is accelerating.
What we experience today is merely an extension of the Industrial Revolution, which began in Great Britain about 1760 and spread to Western Europe and the United States within a few decades.
It marked a major turning point in history. It was the transition from small home based craft production to new manufacturing processes by machines. The efficiency of water power, the use of steam power and the development of machine tools accelerated the transition.
Factories were built, offices developed with the advent of office based business and computers. The movement of labour from the ‘developed’ world started to have an impact in the late 17th centuries as evidenced when the British government passed a series of Calico Acts in order to protect the domestic woollen industry from the increasing amounts of cotton fabric imported from India.
Job losses started with the transition of manual jobs such as weaving and in more recent times has encompassed every strata of society as computerisation and communications developed.
The Accounting, and Legal professions and other intellectual roles were ‘Offshored to lower cost economies in Mexico, Costas Rica China and other Far Eastern countries.
Today things are moving faster with the advent of the Fourth Industrial Revolution with new technologies, such as artificial intelligence, genome editing, 3D printing, Big data.
Formerly a Master Craftsman would be at the top of his or her profession. The equivalent of today’s graduate with hands on experience in the workplace.
But just as the Master Craftsman was overtaken by technology, so a graduate education may not be the key to a successful future for your lifetime. You may have a ‘secure’ job today, but that will not stop you being rejected and on the scrap heap tomorrow.
We can already see that people with double degrees and Doctorates are returning to live with parents because of crushing student loans and in many cases – no job.
In late 2014, the oil price collapsed. The cost of developing new oil fields was and still is always rising and investment capital is difficult to obtain. This, coupled with increasing government demands and taxes over the years resulted in major oil companies downsizing and making workers redundant.
Today the concern might be the latest Middle East conflict or the conversion of oil based transport and industry to cleaner alternatives.
But the biggest threat is the advancement of Big data and Artificial Intelligence. It does not matter what your profession from Doctor to Lawyer to Accountant. Machines can do the job faster and more accurately.
We only have to look at a modern auto assembly line to see the impact of robots and to understand that jobs for the less skilled might be decreasing.
How many people do you see in that clip?
Compare that to the car manufacturing plants of the 1960s. Where there might be thousands of workers.
Experts predict that in 20 years 40% to 45% of all jobs in the US will be automated.
The jobs that will be around will require those with the highest and latest technical skills.
Is that You?
For most of us “No” it is not me.
So what can you do to secure your future and that of your families? The only secure way is to make ourselves as independent of the ‘Job’ market as we can.
Increasingly we are turning to the new technologies to assist us in achieving that independence. But where do you start?
The problem is that we are bombarded daily with offers of information and courses that can help us to learn to make a living off the Internet.
Which of those offers are beneficial, which are scams?
It is difficult to tell whom to trust, especially if you are new to Internet Marketing. We aim to bring you information about the experts that are proven achievers and that you can trust. There are several people you can trust.
One of them is John Thornhill and his Partnership to Success Programme.