What should you learn so you never get affected by a economic crises ? - page 3.

SquallLeonhart

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Quote from: spy100 on August 05, 2020, 03:49:05 AM

What should you learn so you never get affected by economic crises ?

Humans should learn to do what computers / ai can't do ...Question is what computers can't do ?

Is this our future :
https://www.youtube.com/watch?v=U3quruHpcuo

Are we going to become Obsolete like Mr. Wordsworth the librarian ?

Are you talking about learning skills that AI cannot replace or you’re talking about things you’re going to do to survive during economic crisis? Huh

If it’s about skills that AI cannot do, well, I don’t think there is nothing that AI's cannot do, they are almost taking over in everything. And I’m starting to think that it is stupidity that humans are trying to make AI take over everything.

AI is good and it’s quite a good advancement in technology, but we should mind the level we are taking this to, it will be very bad if they should replace us in every area. I will suggest that you learn programming and things like that, because even if AI should take over everything, they will still need maintenance right? Lol.

adzino

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There is no way you cannot make yourself invulnerable to economic crisis. Economic crisis is bound to happen again and again during some point of your life. This is how it works. If there were no crisis at all, there wouldn't be any balance in the economy.
What we can do is reduce the damage of the economic crisis by taking proper steps. Just remember, profit and loss balances out each other. One mans profit is another mans loss.

dothebeats

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It's not as if our technology is accelerating dangerously fast for us to be put in a precarious situation in the future. Mind you, there are still some limitations on the advancement of our current tech. such as in the department of the processors and how small they can be. This calls for the creative and innovative minds of engineers to bend these limitations to something workable and still capable of progress no matter how small. Investing your time into learning something related to engineering might be of help to secure you some jobs in the future when robots take over, since these robots would surely need someone to work on them to improve even further.

As for the normal things a person can do to minimize the effect of an economic crisis to himself/herself, studying the movements of assets and knowing which assets would serve best for a hedge on the season is a good strategy, although not something that works as always since most of us probably don't have the knowledge to know which is which within a short period of time.

yulchatar

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We must learn to get money from different sources of income, and not rely on just one job. Then the economic crisis will hit less painfully. For this, it's advisable to also take care of our health.

jaysabi

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Quote from: avikz on August 05, 2020, 05:29:08 AM

Quote from: spy100 on August 05, 2020, 04:09:16 AM

Quote from: jackg on August 05, 2020, 03:55:16 AM

EVERYONE gets effected by an economic crisis in capitalism - its the tradeoff...

Is there something specific you're referring to here? If it's work then you'll either have to become a creative or an engineer. For investments, don't pull out after a drop...

Robots are painting now

https://www.youtube.com/watch?v=dkTjEi7O4Ic

Ai is making music now also

https://experiments.withgoogle.com/ai/ai-duet/view/

So doing creative stuff will not save us

Essentially we are creating our own doomsday. Millions of jobs are already lost due to robotic automation. In my previous company, the senior management has implemented RPA (robotic process automation) for majority of the accounting jobs through a software called automation anywhere. Earlier they used to have around 50 people to take care of the entire accounting process, now they need only 5 to check the contras thrown by RPA. Remaining all are done automatically.

While businesses are getting benefited, we are loosing jobs. So the business empowerment is premised upon our own de-empowerment. Not sure what skills will help us to survive! Probably some skills that requires human emotions to take charge!

UBI is the solution to the increasingly automated world we live in. The rich fight it because nobody wants to pay higher taxes, but the alternative is inevitable widespread civil unrest. The industrial revolution has improved life throughout the last 150 years so much so that people's lives were improving over previous generations through the use of automation. The gains were spread throughout all the socioeconomic strata of society and so there was no reason for revolt by the lower strata when people's lives were constantly improving. We are now reaching a point where the gains through increased automation are all going to the top strata of society, and their response to their destruction of jobs is "just work harder, try something new, adapt." As economic opportunities continue to disappear, people will get poorer and angrier and political violence is inevitable. UBI is the only hope to head off widespread civil unrest, but the rich are too greedy now to realize it's in their long term benefit as well.

gantez

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Quote from: spy100 on August 05, 2020, 03:49:05 AM

What should you learn so you never get affected by economic crises ?

My mind runs to investment. Investment is the way to run or escape from economic crises, that is if you mean hardship of economy. If you have multiple investment, you will not rely on only one part incase it goes down, you can survive from the other part of your investment.
So whether manufacturing or providing of services, is better to invest to attract more income.

el kaka22

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I would assume that people would always be effected by economical crisis, there is no way that you can get away from it no matter how rich or poor you are, there is not a single person who wouldn't be effected by it.

I would say that people who are richer could be effected even more because usually they are rich in the sense that they make a lot more debt considering they make a lot more revenue as well and they know that they would be easily pay back that debt since their revenue is a lot more, but when a crisis happens their debt skyrockets and their revenue drops which means they would be not able to pay their loan. Finally, I would consider that you should just have money saved up aside if you can so that you could spend it when there is a big crisis coming around.

Findingnemo

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Quote from: Assface16678 on August 06, 2020, 06:49:00 AM

Right now because of this pandemic outbreak most of the people are problematic where do they find out some sources of income to survive.

Quote from: Findingnemo on August 05, 2020, 07:26:00 AM

We are too early in the development of AI,all we can do with them ks searching the things we wanted.We still need humans to analyse the bugs and flaws present it so it means they aren't complete AI.

And economic crisis could be arise for different reasons, what a computer can do if the whole world is under natural disaster situation?

AI is one of the best creation of a man but the problem is it depends on the developer how does it work but still right now I think there is too much use with the use it AI instead we have different technologies for detecting some problem like natural events to avoid those disasters and disease we have right now like the sensor on this COVID next is the equipment for earthquake and volcanoes movement and more.

Weather forcasting and natural disasters were alerted by the sensors which is done by monitoring the climate changes and the movement of earth not sure where AI has been used or not?

Google is the one in leading the development of AI.

mu_enrico

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Quote from: spy100 on August 05, 2020, 03:49:05 AM

Humans should learn to do what computers / ai can't do ...Question is what computers can't do ?

Computers cannot think and don't have creativity; thus, as long as we have both, we should be just fine.
AI only does mainly statistical analysis and make a decision based on it.

Quote from: spy100 on August 05, 2020, 03:49:05 AM

What should you learn so you never get affected by economic crises ?

There are many essential industries like clothing, groceries (household supplies), health, etc. which quite robust in any situation. However, it doesn't mean we have to change our occupation due to the pandemic. Remember, we had Black Death, Spanish Flu, Avian Flu, etc., and everything would be back to normal.

What we should learn is how to manage our finance, store foods in the harvest period, and use it in the winter.

slapper

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We can't run away from the economic crises. We can only reduce the impact of it. And there are tons of things you can learn which help you to survive during a crisis. As far as I know, understanding computers is really important and you can easily find many related jobs. Freelancer.com is a good place for you to start making money by yourself and remotely.

And as the world is struggling in fighting with this disease, remote jobs are quite fascinating. New technologies are expected to help us in working and meeting online without facing each other in real life. Zoom is the best example currently. And although the economy keeps going down recently, companies like Tesla still earn a huge profit over months. Be creative and you will be paid

Assface16678

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Right now because of this pandemic outbreak most of the people are problematic where do they find out some sources of income to survive.

Quote from: Findingnemo on August 05, 2020, 07:26:00 AM

We are too early in the development of AI,all we can do with them ks searching the things we wanted.We still need humans to analyse the bugs and flaws present it so it means they aren't complete AI.

And economic crisis could be arise for different reasons, what a computer can do if the whole world is under natural disaster situation?

AI is one of the best creation of a man but the problem is it depends on the developer how does it work but still right now I think there is too much use with the use it AI instead we have different technologies for detecting some problem like natural events to avoid those disasters and disease we have right now like the sensor on this COVID next is the equipment for earthquake and volcanoes movement and more.

onrise

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Quote from: Mttewndew on August 06, 2020, 02:18:12 AM

In order to have at least some cover for the rear, it will not be superfluous to acquire a garden of moderate size and the ability to cultivate it, in order to at least be provided with food of our own production.

Not a single robot available for our money will do this.

Learning new skill in this time is so very necessary as it can help us to become multitalented and grow each of us. There are so many things which we can do but never though or never did it due to some reasons and this is the time where we need to upgrade ourselves and develop some new interest and who knows this would benefits us a lot in our personal and professional life.

shoreno

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a.i cant emote , is that what you mean ? we need to act like bots so that we cannot endure the effectd of crisis ? i think people that have no soul will do it . when our economy is on crisis , we shouldnt be selfish and never act like you dont care but we must do something to help it .

world has been on crisis lately but thank god that crisis is slowly fading , thanks to the people that do the right job .

crwth

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Hey, it's a great video and a lesson for everyone. We forget that we are human beings, and we should treat each other that way. I noticed that in the background, there people who are laughing towards Mr. Wordsworth treating him as a disfunctional person without essence because of the function that he is doing in this big cog called the World. Everything is an extension. of the exact purpose that we have in society.

What we are experiencing now is the removal of jobs because of the current state of the economy, not the function of the people there. It's just considered "non-essential" because of the current events too. Everyone is cost-cutting to save their businesses, but it doesn't mean the people who are jobless now are "obsolete" .

Mauser

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Quote from: Strongkored on August 06, 2020, 01:04:00 AM

What is done by robots only makes human work easier and ultimately has the effect of replacing humans with robots but still robots run by humans means humans are still needed, while the crisis occurs not because of robots but there are other factors like nowdays, we must do invesment as well as improving our skills so we can keep up with the current trends to be able to earn a lot of income.

Don't forget that robots actually replace humans in the workforce and made many jobs obsolete in the past already.

I think one pretty safe area would be working for the government or the healtcare sector. If the government runs out of money they will just print new ones, your job will be pretty secure. Similar for the healtcare sector, the real economy might suffer but people tend to become always sick and need help. Especially with the changing demographic patterns of western countries, there will be many more old people in the future needing help.

Most people still prefer to interact with a human than a robot. So working in the service industry might be one of the last areas to lose to the robots.

Oceat

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Everyone is prone to economic crisis no matter what you do so instead of learning something that would take time for you to understand, why not do what best you can do? I believe everything is interconnected no matter what you do or where you live. It is something that the future/fate can decide. Just like what the saying said "no man is an island".

Mttewndew

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In order to have at least some cover for the rear, it will not be superfluous to acquire a garden of moderate size and the ability to cultivate it, in order to at least be provided with food of our own production.

Not a single robot available for our money will do this.

Strongkored

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What is done by robots only makes human work easier and ultimately has the effect of replacing humans with robots but still robots run by humans means humans are still needed, while the crisis occurs not because of robots but there are other factors like nowdays, we must do invesment as well as improving our skills so we can keep up with the current trends to be able to earn a lot of income.

TIDOVEE

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As technology is upgrading and taking over so many job positions, we all suppose to upgrade ourselves in order not to be held back, we can also build our intellects around technology, it will be an advantage to be involved in any rising aspect. Not every job can technology replace though, the robots been constructed to lift loads are not such cheap and readily available enough to replace man power. Moreso, some countries are still battling with having consistent power supply, and even water supply. So they are not worried about the advancing technology.

AniviaBtc

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Quote from: jackg on August 05, 2020, 03:55:16 AM

EVERYONE gets effected by an economic crisis in capitalism - its the tradeoff...

Is there something specific you're referring to here? If it's work then you'll either have to become a creative or an engineer. For investments, don't pull out after a drop...

In every idea that you are thinking, there must be risks. Risks are unavoidable, you need to deal with it in order to succeed or fail.

There is always two option, win or lose.

In making businesses, you should understand that it is not an easy money, you need patience in investments. You should know how to wait and manipulate it properly, you need to deal with time and hassle. In terms of your passion, you need effort and hard work to earn money that you desire. It takes a lot of skill and experience to become good on what you are working for. These things can make you help yourself from economic crisis and inflation but you should always keep in mind the positive mindset that will keep you on track.

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