Happy Fedsday! While we wait for the rate decision this afternoon, let’s talk nu-tech and where it leads:
We all know driverless vehicles are coming. It’s just a matter of how fast they arrive and how many of the currently-employed driver-jobholders will be axed as a result. What to do? In this morning’s report, we do one of our “look-ahead” views to ascertain where there may be opportunity to people who plan to have jobs in the future. We won’t resort to the analogy: How would you have liked to have been the first owner of a paving company back when the very earliest of Ford products was being introduced? Why, the earthmoving equipment alone could have made you a millionaire many times over with the Interstate Highway system.
As much as this level of “change” may be distasteful, there’s a very pertinent old saying that means something when comes to driverless cars: A problem is an opportunity – with its clothes on!
After we roll out “Mapping of the New [global] Caliphate”, we might even get around to asking what happens to NASCAR when Google enters a completely optimized car that goes around the track with a passenger only, but with hands on a steering wheel? This and more mind-candy as the caffeine kicks in…