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niceguyanon comments on Open thread, July 29-August 4, 2013 - Less Wrong Discussion

3 Post author: David_Gerard 29 July 2013 10:26PM

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Comment author: niceguyanon 31 July 2013 11:02:44PM 5 points [-]

If I believe that automation causing mass unemployment is around the corner (10-20 years), what do I do or invest in now to prepare for it?

Comment author: gwern 31 July 2013 11:21:44PM *  7 points [-]

Acquire as much capital as you can, presumably. If the share of economic growth for labor is falling, that of capital must be rising. The topic has come up before but I'm not sure anyone had more concrete advice than index funds - it's tempting to try to invest in software or specific tech companies, except then you're basically being a VC and it's very hard to pick the winners.

Comment author: Jayson_Virissimo 31 July 2013 11:25:18PM 4 points [-]

Or land.

Comment author: Username 02 August 2013 05:02:51PM *  1 point [-]

You can train yourself in one of the industries you expect to thrive. This could either be the high-tech route of being the one programming and developing the machines, or it could be in a job that never goes away, like plumbing/carpentry/welding. All of which can earn 6 figures, it's a matter of the type of work you like doing.

Comment author: Omid 03 August 2013 05:14:44AM 0 points [-]

Move to a socialist country.