More American jobs lost to automation? Amazon tax. New Robo Advisor?

More American jobs lost to automation. Living on less than $30,000 a year… in NYC?! New releases coming to your living room about a month after they’re released in the theaters. Amazon to tax everyone. A new entry into the ever more crowded robo advisory space?

A new entry into the Robo Advisor space?

Goldman Sachs about to enter Robo Avisor biz? A while back, I mentioned that GS had entered into the personal loan business. Now it looks like they may be going after the robo advisory business, a business which is dominated by Vanguard, Schwab, and several relatively newer companies like Betterment.

While it’s not official that the company will be starting up a robo advisory service, this job posting on their website seem s to indicate that they may be dipping their toes into this pool.

The new product is likely to target “mass affluent investors,” individuals with less than $1 million to invest, as explained by Reuters. Goldman Sachs’ current private wealth management service caters to clients with $50 million or more to invest, so the new product would hypothetically target a significantly broader market.

No joke, Amazon tax begins April 1st for all

Amazon will start charging tax on April 1st – You are likely already paying tax when you purchase goods at Amazon, but for those who live in Hawaii, Idaho, Maine, and New Mexico, you will start paying tax on your purchases too. Those four states were the last remaining states when Amazon was not already charging sales tax, but they will be folded in before week’s end. Several other states — Alaska, Delaware, Oregon, Montana, and New Hampshire — do not have sales tax, and so nothing will change there.

More Americans jobs lost to automation

More American jobs lost to automation

credit: HSBC

U.S. workers face higher risk of being replaced by robots. – According to a report from the accounting firm of PriceWaterhouseCoopers, there will be more American jobs lost to automation than elsewhere. Roughly 38 percent of Americans could have their jobs replaced by robots within 15 years.

Millions of workers around the world are at risk of losing their jobs to robots — but Americans should be particularly worried.

If these predictions are correct, millions of Americans could be affected. This situation is projected to have a greater impact on U.S. workers than those in the U.K., Germany, etc.

In the U.S., 61% of jobs in the sector are at a high risk of being replaced by robots. The same is true for only 32% of finance jobs in the U.K.

While the percentage of workers in such fields as finance, transportation, education, manufacturing and food services, is similar among the countries, the U.S. is expected to see a higher percentage of workers impacted. The study found major differences in the nature of the work done within these sectors which explains why more U.S. jobs are at risk. More U.S. workers are involved in routine — easily automatized tasks — than their counterparts abroad.

Is this really possible?

A New Yorker earning $30,000 a year saved $100,000 – New York is one of the most expensive places to live, but this clever individual was able to reach six figures in savings in just 8 years.

Roughly one-in-four Americans has $1,000 in savings. If someone living in New York can amass $100,000 in just eight years, I’d say anyone can. Here are five tips that she’s offering which helped her save as much as she did. All five are sound, logical, practical, although the fifth item isn’t something that any of us can count on.

If you’re willing to wait 45 days…

New movies are coming to your living room – Unless you are someone who has to be among the first to see a new movie when it’s released, you might be able to skip the crowds and see these new movies at home, only a few weeks after they’ve been released.

Hollywood studios are planning to move ahead with ‘premium’ video-on-demand, making major movies available to home viewers only weeks after they hit theaters.

While these movies may be coming to your home sooner, they might not save you much money. The average price of a movie ticket in 2016 was $8.73.

The average price includes matinees and children’s prices. You may be paying much more than that. Further, the average price reflects a national average of theaters in big cities and small towns. The cost of an adult movie ticket for an evening showing at most theaters in Los Angeles in 2014 was  $14.49. By comparison,  the price in Omaha, Nebraska for an adult ticket for an evening showing was 6.73. (source: LA Times)

Just because you’ll be able to watch these movies at home, doesn’t mean you’ll be saving any money. In fact, depending on how many people are watching, you could end up spending much more. The Video-on-demand movies are expected to fetch between $30 and $50. So watching movies at home won’t be cheaper, unless you are inviting over a bunch of friends. Well, at least you can save money on popcorn.

 

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