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Robots, AI, and Automation with Darrell West
The robots are coming, the robots are coming!!
Okay, so maybe we’re not yet living in a world that looks like the movie Terminator, but it’s safe to say that changes are coming to the workforce as we know it. Robots, artificial intelligence, and driverless cars are no longer things of the distant future. They are with us today and will become increasingly common in coming years, along with virtual reality and digital personal assistants.
That’s what we’re talking about today with Darrell West, a decades-long connection of mine who is vice president and director of Governance Studies and the founding director of the Center for Technology Innovation at the Brookings Institution. In his latest book, The Future of Work: Robots, AI, and Automation, West explores the current state of the workplace, how technological innovation will disrupt it and why government policy needs to change to help workers adapt to it.
If companies need fewer workers due to automation and robotics, what happens to those who once held those jobs and don't have the skills for new jobs? And since many benefits are delivered through employers, how are people outside the workforce for a lengthy period of time going to earn a living and get health care and social benefits?
Throughout the pages of this book, West argues that society needs to rethink the concept of jobs, reconfigure the social contract, move toward a system of lifetime learning, and develop a new kind of politics that can deal with economic dislocations.
West presents a number of proposals to help people deal with the transition from an industrial to a digital economy:
- Broaden the concept of employment to include volunteering and parenting and pay greater attention to the opportunities for leisure time
- Workers will need help throughout their lifetimes to acquire new skills and develop new job capabilities
- Political reforms will be necessary to reduce polarization and restore civility so there can be open and healthy debate about where responsibility lies for economic well-being
It’s a fascinating read about what faces us in the days ahead...a discussion that should take place sooner rather than later.
“Better Off” is sponsored by Betterment.
Have a money question? Email me here or call 855-411-JILL.
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"Better Off" theme music is by Joel Goodman, www.joelgoodman.com.
Can Congress Fix the 401(k)?
What to Do With Your Old Retirement Plan
We've all been there. Leaving one job and starting another. But what should you do with your retirement account at the old place? That's the question from Nate on the latest BONUS call.
“Better Off” is sponsored by Betterment.
Have a money question? Email us here or call 855-411-JILL.
We love feedback so please subscribe and leave us a rating or review in Apple Podcasts!
Connect with me at these places for all my content:
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CFP® Pro Tip of the Week - July 20, 2018: Homeowners Insurance
Have a money question? Email me here.
MarketSnacks with Nick Martell and Jack Kramer
The financial world isn’t an easy one to navigate. It’s complicated and often full of unnecessary jargon. So the easier we can make it for everybody to digest, the BETTER OFF (pun intended!) we’ll all be. That’s why when I find like-minded people who want to demystify money-related topics, I immediately ask them to be guests on the show.
Nick Martell and Jack Kramer spent their early days working in finance but quickly realized something was missing. It wasn’t they wanted to do. So they started side hustling, while still working at two different Wall Street banks.
Over a couple beers one day after work, they figured it out. They wanted to create something that provided easy to understand finance content, the kind they wished they had while preparing for finance interviews in college.
One thing led to another and eventually the guys came up with MarketSnacks, the digestible daily newsletter that simplifies Wall Street by filtering out the noise and explaining what's important in one bite-sized snack – clear, condensed, and entertaining.
On the heels of their successful newsletter, Nick and Jack recently launched the MarketSnacks Daily podcast, a daily show that focuses on the digestible business stories you'll actually care about.
Yet another example of how the side hustle can pay off. Figure out what it is you want to do and find a way to make it happen!
“Better Off” is sponsored by Betterment.
Have a money question? Email me here or call 855-411-JILL.
We love feedback so please subscribe and leave us a rating or review in Apple Podcasts!
Connect with me at these places for all my content:
https://twitter.com/jillonmoney
https://www.facebook.com/JillonMoney
https://www.instagram.com/jillonmoney/
https://www.linkedin.com/in/jillonmoney/
http://www.stitcher.com/podcast/jill-...
"Better Off" theme music is by Joel Goodman, www.joelgoodman.com.
Should I Use Roth 401(k)?
It's becoming more and more common for workplace retirement plans to offer a Roth 401(k) option. The next question is whether or not you should be using it. That's what Shirley wanted to know on the latest BONUS call.
“Better Off” is sponsored by Betterment.
Have a money question? Email us here or call 855-411-JILL.
We love feedback so please subscribe and leave us a rating or review in Apple Podcasts!
Connect with me at these places for all my content:
https://twitter.com/jillonmoney
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https://www.linkedin.com/in/jillonmoney/
Advisor Fees, Roth Taxes, Creating a Budget
What kind of fees should I be paying my advisor? Will I have taxes and required minimum distributions with my Roth IRA? I'm 17, how can I create a budget? Those questions and more as we attempt to clear out the inbox!
“Better Off” is sponsored by Betterment.
Have a money question? Email me here or call 855-411-JILL.
We love feedback so please subscribe and leave us a rating or review in Apple Podcasts!
Connect with me at these places for all my content:
https://twitter.com/jillonmoney
https://www.facebook.com/JillonMoney
https://www.instagram.com/jillonmoney/
https://www.linkedin.com/in/jillonmoney/
CFP® Pro Tip of the Week - July 13, 2018: Paying for College
Have a money question? Email me here.
Expensive Retirement Plans + Father/Daughter CFPs
A "father of the year" candidate starts us off this week as we chat with Richard from Connecticut who is trying to help his daughter navigate her workplace retirement plan options. The problem he's having is that it's a plan containing a bunch of awfully darn expensive investment options. Is there a workaround?
We finished up the hour answering some questions from the endless email pile.
Hour two this week was an interesting chat with a couple CFPs who also just happen to be related..as in father and daughter!
Walter Wisniewski and Allison Vanaski, owners of Arcadia Wealth Management, recently teamed up to write The Millionaire Within, a book intended to show how people tend to succeed or fail with their finances based on their perceptions, behaviors and biases about money, not because they are experts at timing the market.
This may be an investment book, but it is not about the mechanics of investing. It's more about enriching your future by embracing your capacity to change your perspectives about money. Intelligent financial decision-making is not about money. It's about emotions and behavior and unleashing the power that lies within you.
Have a money question? Email me here or call 855-411-JILL.
Connect with me at these places for all my content:
https://twitter.com/jillonmoney
https://www.facebook.com/JillonMoney
https://www.instagram.com/jillonmoney/
https://www.linkedin.com/in/jillonmoney/
http://www.stitcher.com/podcast/jill-...
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.