Goldman Sachs automated trading replaces 600 traders with 200 engineers
A agency that I once worked for was asked to create a presentation of the future of trading for a well known trading platform. It was the typical fluff around voice interfaces, augmented reality, VR and all that drivel. But we all knew what the future really meant - taking people out of the equation - but we also knew that the people paying for the presentation didn't want to hear that.When people talk about the risk of automation stealing jobs, they tend to think it's the low skilled jobs that are most at risk. But of your job is to look at data and make descisions based on that data, you're gonna be the first to go. And the more money pinned to your work, the quicker you will be replaced.