FinancialContent is the trusted provider of stock market information to the media industry.
January 28, 2014 at 13:51 PM EST
Robot Singularity
The United States is getting more educated and producing more stuff; at the same time, the number of factory jobs continues to decline in real and relative terms. The reason, of course, is automation

This Article Originally was Published here:

Bloomberg Businessweek just put out this little graph showing manufacturing jobs are dead and gone...


As you can see, despite the fact that the U.S. manufacturing sector continues to generate $1.8 trillion in GDP (2011), the jobs are decreasing.

Manufacturing makes up 12% of the U.S. economy and only 10% of the non-farm workforce. But get this — over the 22 years from 1980 to 2012, there was a 189% gain in manufacturing output. Furthermore, during the period from 1980 to 2012, the proportion of workers with some college education increased from 20% to 50%.

The United States is getting more educated and producing more stuff; at the same time, the number of factory jobs continues to decline in real and relative terms.

The reason, of course, is automation, computerization, artificial intelligence, technology, and robots.

Gung Ho

The trend isn't new. You may remember the bad Tom Hanks comedy about the Japanese taking over U.S. auto companies in the early 1980s. It wasn't funny because it was too close to the truth.

Now, a new paper recently discussed by The Economist claims half of American jobs can be automated. And don't think you'll be protected...

Lawyers are already getting hit hard. Thanks to advances in artificial intelligence, “e-discovery” software can analyze documents in a fraction of the time for a fraction of the cost. What used to cost $1.5 million to pay a team of lawyers now costs $100,000.

Bum, Get a Job

The word is out. Law school applications are declining by so much that 25% of schools have cut class sizes, and many are cutting tuition. Villanova University is giving away free tuition to 50 students this year.

Expect a host of other professions, like loan officers and tax accounting, to be hollowed out by software.

According to the New York Times:

Automation of higher-level jobs is accelerating because of progress in computer science and linguistics. Only recently have researchers been able to test and refine algorithms on vast data samples.
“The economic impact will be huge,” said Tom Mitchell, chairman of the machine learning department at Carnegie Mellon University in Pittsburgh. “We’re at the beginning of a 10-year period where we’re going to transition from computers that can’t understand language to a point where computers can understand quite a bit about language.”


For the United States, Energy Independence is NOW

Could it be that this huge oil discovery on American soil is the reason why Saudi Arabia is looking to get out of oil exports and investing in renewable energy and nuclear?

The energy markets are shifting as we speak... Shifting in our favor.

For you, the profit opportunity is huge. But it is going fast.

Don't let the West Texas shale superabundance slip through your fingers. The best part? Be a part of history for less than $8 a stock.

Google Buys AI

Our good friend Google Inc. (NASDAQ: GOOG) has bought up eight robot companies in the past year including the up-and-comer Boston Dynamics, the company that built the famed BigDog and Cheetah robots.

Sunday, Google announced it paid $400 million for an artificial intelligence firm called DeepMind. So far, Google hasn't expanded on this purchase, but it does underline the threat of the singularity...

Technological singularity is the moment when artificial intelligence has progressed to the point where it is greater than human intelligence.

At this point, AI will grow exponentially. We are talking an explosion of computer knowledge and intelligence similar to the Cambrian explosion in terms of animals on earth.

Futurist Ray Kurzweil has theorized this will happen in the next 30 years; some believe it will be sooner.

I don't know about all that... though I'm not sure what I could do about it if I did.

But I do know one thing. The pace of change is quickening. And as it speeds up, money will be made.

Select robot and AI stocks will launch much like early Internet or PC stocks.  Those of us who are old enough remember when those tech stocks went up hundreds of times over.

It is just the beginning.

All the best,

Christian DeHaemer Signature

Christian DeHaemer

follow basic@TheDailyHammer on Twitter

Since 1995, Christian DeHaemer has specialized in frontier market opportunities. He has traveled extensively and invested in places as varied as Cuba, Mongolia, and Kenya. Chris believes the best way to make money is to get there first with the most. Christian is the founder of Crisis & Opportunity and Managing Director of Wealth Daily. He is also a contributor for Energy & Capital. For more on Christian, see his editor's page.

This Article Originally was Published here:

Robot Singularity originally appeared in Wealth Daily. Wealth Daily, a free daily newsletter, offers practical investment analysis and contrarian stock market advice.
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here
Financial Widgets

Display market data, financial news or stock quotes - Learn More

Advertising Network

Advertise on FinancialContent's huge network - Learn More

Web Services

Power your internet and wireless applications - Learn More