The World’s Largest Employers
CSLA has produced a table of the world’s biggest workforces to highlight how companies like Walmart, McDonald’s and Foxconn (a manufacturer of Apple products) are already moving towards large-scale automation.
The mass adoption of machines (or more accurately, the mass redundancy of workforces), raises a swathe of issues for not just investors but society as a whole. Jobs not only provide the backbone of our traditional economic and political systems, but they also provide purpose in people’s lives.
This issue is especially important in the context of a rising minimum wage in the US, because while the rise of machines may be inevitable, it could happen far quicker than people expect.
Read the full Business Insider article HERE.
Ben MacNevin is an Analyst with Montgomery Investment Management. To invest with Montgomery domestically and globally, find out more.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
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