So for those who think they are at the high end of the job market and therefore safe from the effects of Digital Transformation here is a quote embedded in an article in the Economist Oct 29th – Nov 4th – Too Squid To Fail.
“At Goldman the number of people engaged in trading shares has fallen from a peak of 600 in 2000 to just two today. Buried within recent upbeat earnings reports by the banks were announcements of more job losses, including at Goldman. A more profound response, however is to go beyond retrenchment to recognize that banks are, at their core, technology companies, whose business is to push numbers down digital pipes. Money has long been primarily an electronic construct”
Just think what the digital robo’s are going to do to accelerate this since they emerged in 2012.. watch this space fellow digital travelers!
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