As Robots Take Jobs, McKinsey Expects Retail Salespersons, Cashiers, "First-line supervisors of retail sales workers" To Be In Demand

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Mark Melin
Published on
Updated on

There is a wide range of opinion on the coming technical automation trend. There are those who take the approach that there is little to worry about at present. Computer automation will assist, not replace humans. But there is another side to the argument, one that doesn’t rely on sweeping generalizations that point to industrial revolutions of the past always creating new jobs to replace those lost, with the most significant impact hitting advanced economies, such as the US and Germany. This more didactic approach seen in a recent McKinsey report takes a more in-depth look at technology’s full impact and predicts a significant shift in the workplace, with as many as one-third unemployed by 2030.

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McKinsey Report predicts – Human thinking is what is for the first time being replaced

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.