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.
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