Jul 17, 2015

Bill Gates is warning that robots and computers really ARE taking our jobs. This is part of the worldwide deflationary trend that leads to sagging economies and lower intererest rates. New research by Duke, Oxford, and the University of British Columbia confirms that 45% of today's jobs will be taken by automation in the next 20 years. Its been going on for some time--in the past, one factory job supported a family of four or five, with a house a mortgage and two cars. Today, two members of the household are forced to find other work and still may be at the poverty level. Even Bill Gates is warning that people are not ready for what's coming next. Steve and Sinclair review and discuss. In the Q & A, MarketWatch real estate columnist Daniel Goldstein joins the A-team.  Ken Morgan pinch hits for Sinclair in segment 1.