About 47% of employment in the US is likely to become extinct due to technology replacing them in the next decade or two.
Over the last century, mostly three items' prices went up in real terms- housing , education and health care. Pretty much everything else had its prices come down in real terms.
Implications?
Skilling for the future is significantly impacted by the above. Most or at least half of what we do today will get automated. And if your skilling is in an area of declining prices, you are bound to face the heat sooner than later.
Is your skilling relevant to the three areas of increasing prices as listed above?
How flexible are you to reskill if your current one becomes extinct?
Most importantly, can you leverage the future's new opportunities as they appear instead of clinging onto the old and dying?
