The 4 Horsemen of the High-Tech Apocalypse
AAPL, IBM, AMZN, SI will put the robots in power
By Jeff Reeves
Jul 25, 2012
I recently penned an article about how during the past two decades, tech innovations have gutted our job market, upending industries from media to retailing to manufacturing. The Atlantic also had a story out last week about “The Post-Employee Economy” that discusses how high-tech means allow for big savings for consumers and big gains for productivity … but very little hope for labor and the prospect of jobs.
But that stuff is mild compared to a CNN post I just stumbled across from May that kicks around the idea that losing our jobs to computers actually might be a good thing. Someone actually muses that, “In my opinion, many of the jobs that are being fought over by unions today are jobs that will be outlawed within several generations as inhumane.”
Really? Tell that to an out-of-work roofer just hoping for a paycheck to get by in 2012.
Of course, you can’t put the toothpaste back in the tube. Technology is on the march, and its consequences are unavoidable. So I thought I’d take the natural next step here as an investor. After all, if we’re going to lose our jobs to computers, we might as well invest in the companies that make the job killers … right?