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Living on the Edge

Written by Jason Williams
Posted July 24, 2020

The American Dream is getting mighty tenuous these days as it's becoming harder and harder to do better than the generation before you. My generation, the millennials, although I don’t really identify with them, may be the first in American history to earn less and have less fulfilling lives than their parents.

It’s a war on the middle class that’s been waged for decades, and it’s left the middle class in this country living on the edge.

Most Americans have no investments. Most also can’t come up with $2,000 to cover an emergency expense like repairing their car or patching their roof. And surprisingly, or not, even the middle class in America worries about paying the rent (or mortgage) on time and still being able to afford enough food for their families to survive.

And the coronavirus pandemic we’re living through right now is only making it harder for those not in the top 20% to hang on.

The $15 Minimum Wage

You probably remember the big stink everyone was making a year or two ago about getting the federal minimum wage raised to $15 an hour.

One of the primary arguments was that a parent needed to be able to work at a place like a fast food restaurant and be able to make enough to take care of their families.

I’m all for helping people out, but I did disagree with that. Flipping burgers (unless you own the restaurant or are a chef at a diner) is not a career, it’s a place to start. That’s why so many fast-food restaurants were staffed by high school and college kids when I was younger.  However, that’s not the case today, and it's very far from what the case will be in the future.

Today, you’ve got people working in places like this and considering it a career, and they want that $15 an hour. But tomorrow, that “career” isn’t going to exist anymore.

Companies have already started replacing people with touchscreens for ordering. They’re efficient, always polite, and they don’t unionize or take breaks.

And now, the coronavirus is pushing more restaurants to look for other ways to keep us filthy humans out of the kitchen…

$3 an Hour and No Breaks

The rise of the machines is accelerating quickly.

The LA Dodgers have been using a burger-flipping robot not-so-creatively dubbed “Flippy” and its cousins since 2018 and will be rolling out more to “man” their concession stands whenever baseball starts again, for real.

flippy

California mainstay, CaliBurger, has been using them at its stores for years, too.

Last week, White Castle announced that it’s testing out the same line of burger bots at its restaurants before potentially deploying them nationwide.

The official reason? To reduce human contact with food. Simply put, Flippy can’t cough or sneeze or otherwise contaminate your comestibles.

The real reason? Flippy doesn’t take breaks or get into fights with customers. Flippy cooks a perfect burger every time. Plus, Flippy works for $3 an hour and the more burgers it makes, the lower that hourly rate is. And on top of all that, Flippy promises not to unionize or complain about working conditions.

I know what you’re thinking, it's just going to take jobs from people at fast food places. And you’re right, at least in regard to Flippy alone.

The Robots Are Coming

But Flippy isn’t the only robot with its eyes (or do you call those cameras on a robot?) on replacing humans.

What if I told you there was already a computer program that uses artificial intelligence to compose symphonies? You probably wouldn’t believe me. Or, if you did, you’d assume the music sounds like something a computer would make.

You’d be wrong either way, because several such programs exist. I’m listening to a composition as I type that sounds like the Baltimore Symphony Orchestra is playing it.

Still don’t believe me? Check out Nvidia’s keynote address from the kickoff of its annual GTC Digital conference in 2019.

The keynote is about artificial intelligence and all the things it can do. The music behind the narrator was composed by AIVA, an artificial intelligence program. Here’s a link to the keynote address.

And what if I told you that artificial intelligence and robots can not only paint as well as humans, but also create new aesthetic styles, just like human artists? Would you believe me there? Maybe, since I’ve already shown you what a great music composer AI can be.

But here’s some proof in the form of a portrait created by a computer program and a robot:

AI Painting

It’s not super pretty, at least in my opinion, but that didn’t stop a collector from paying $423,500 for it at a Christie’s auction — that's nearly half a million dollars for a painting of a human created by machines.

Robots don’t eat, but if they did, this one wouldn’t be a starving artist by a long shot.

So, sorry artists, you’re easy for machines to replace, too. Maybe even easier than burger-flippers, to be honest.

And if positions in fields such as the fine arts can easily be filled by robots, who are the rest of us to think we can’t be replaced just as easily?

The Fourth Industrial Revolution

What we’re seeing is the early stages of the fourth industrial revolution. And going back through history, in every other stage of industrial change, new technology has replaced human labor.

Each time, the machines get smarter and take more jobs, too.

industrial revolutions 1-3

And this time won’t be any different. In fact, it’ll likely lead to more unplanned career shifts than its predecessors combined.

In fact, experts estimate that about 50% of human activities are automatable; half of the things we do, robots can do as well or better. That adds up to over $16 TRILLION in wages lost.

Those same researchers predict that 32% of U.S. workers and 14% of global workers will see their jobs taken by robots and computer programs by 2030 — that’s less than a decade away.

And the impact is wide-reaching. Pretty much every industry you can think of is going to be disrupted.

fourth ir jobs lost

Nobody from the middle class down is going to be safe. If fact, if we don’t make the right decisions now, there might not even be a middle class left by the time we’re through.

Spring Cleaning

The first decision we need to make is which investments we’ve got that we need to get rid of. You see, the companies that dominate the world today will not be the same ones that dominate the world tomorrow.

The next Amazon, Google, or Facebook is forming as I type. It might already be a public company, just far too small for anyone to take notice, or it could still be private, waiting for the opportune time to emerge.

But the companies that won’t make it through this next iteration of the industrial revolution are already out there. And I’d be willing to bet a lot of you have at least some of them in your portfolios right now.

So, the first decision to make is to do some financial spring cleaning and get those dogs out of your portfolio. But how do you know which companies will make it and which will fall along the wayside?

Well, I can help with that. I’ve compiled a list of stocks that you need to ditch now if you’ve got them and avoid like the plague once you’re rid of them.

The report is called "10 High-Hazard Stocks," and I’ll show you how to get access in just a minute.

But first, let’s talk about the second set of decisions you need to make to secure your wealth and survive this targeted destruction of the middle class, because these decisions determine what companies will not just survive, but thrive in the fourth industrial revolution

The Building-Block Portfolio

The companies that often perform best for their shareholders fall on the periphery of new industries. They’ve been called pick-and-shovel plays for over a century thanks to the California Gold Rush.

You see, most gold miners went home broke or didn’t make it home at all. But the people who sold the picks and shovels and other supplies they needed, struck it rich without ever getting dirty.

And that’s how it works with new industries, too. Many of the new companies trying to become the big player will fail, but the companies that try to supply all the competitors, they’ll thrive.

But since we’re not mining gold here and building a new tomorrow instead, we’ve taken to calling the companies that will support the fourth industrial revolution our “building-blocks.”

To get the biggest gains going forward, you must make sure you own the fastest growing, most disruptive, and most profitable building-block companies available in the markets today.

I’m talking about the companies that will make the transition from classrooms to bedrooms seamless for the thousands of schools and universities that need to offer a good education despite not offering in-person instruction. There's one small, unknown company that’s nearly cornered this market, and its investors are already seeing the benefit.

I'm also talking about the companies that will lay the groundwork for the digital information superhighway that 5G networking will create and the companies that will maintain that network. In fact, we’ve uncovered one small company that owns the biggest network of the most important asset for building and running a 5G network.

Thirdly, I'm referring to the companies that will help everyone, from consumers to corporations to governments alike, keep all that newly digitized information safe. There’s one little-known brand we found that’s already locked into this profitable support position. It’s already protecting all of the 12 biggest banks in the country, plus 60% of the Fortune 100, and thousands more.

It’s these types of companies that are going to provide the support and supplies to make the fourth industrial revolution a reality.

And it’s these types of investments that will protect you from the dissolution of the middle class. They’ll not only help protect your wealth, but actually help you grow it so that when the end does come for the middle class, you can move up a rung on the ladder instead of down.

The Time Is NOW

But the thing is, we all know how fast technology can change. In the 1970s, calculators were an amazing device with massive computing power. Today, my cell phone has more computing power than the computers that launched the Apollo moon missions.

So, there’s really no time to waste. The technological developments come too fast, and the only way to profit from them is to invest before they happen.

So, take a few minutes out of your day today and get yourself set up to profit from the fourth industrial revolution instead of being wiped out by the war on the middle class.

My partner and I have put together a report with all the details of how we see this playing out. It also explains the high-hazard stocks you need to give the boot. And it’ll help you find the companies that will create the next generation of multimillionaires.

But you can’t delay. Every day, more investors uncover these companies and send their share prices higher, and every 10% gain now is cutting you out of a 1,000% gain down the road.

So, click here now. Read this report. And get yourself in a position to thrive as the fourth industrial revolution gains steam and the middle class fades into memory.

It could be the most profitable time you ever spend.

To your wealth,

jason-williams-signature-transparent

Jason Williams

follow basic@TheReal_JayDubs

After graduating Cum Laude in finance and economics, Jason designed and analyzed complex projects for the U.S. Army. He made the jump to the private sector as an investment banking analyst at Morgan Stanley, where he eventually led his own team responsible for billions of dollars in daily trading. Jason left Wall Street to found his own investment office and now shares the strategies he used and the network he built with you. Jason is the founder of Main Street Ventures, a pre-IPO investment newsletter, and co-authors The Wealth Advisory income stock newsletter. He also contributes regularly to Wealth Daily. To learn more about Jason, click here.

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