Bloomberg: "Stock Pickers' Faang Addiction Delivers a Harsh Blow to Workers"

By in
Bloomberg: "Stock Pickers' Faang Addiction Delivers a Harsh Blow to Workers"

Excerpt from Bloomberg quoting DataTrek’s Nick Colas and Jessica Rabe:

…. “Jessica Rabe and Nicholas Colas, co-founders of DataTrek Research, scoured industry predictions from top consulting companies and found a common theme: an expectation that the trend to automation, digitization and remote work will stick. One of advisory firm Gartner’s top predictions is that by 2025, customers will be the first people to touch more than 20% of products around the globe, as factories and farms continue to be automated.

“Even with the expectation of vaccines being widely distributed next year, top industry consultants don’t see the trend to virtual or remote work, education, doctor visits and experiences slowing down,” wrote Rabe and Colas. “Automation will continue to dominate as a theme in the coming years as well”….

Read the full article here on Bloomberg!