The Future of Work has informed us that jobs don't disappear, but they evolve. Find out what this future looks like. paid Vanguard_Group
When Vanguard Group founder Jack Bogle joined Wellington Management in 1951, brokers phoned the accounting department twice a day to quote the prices of the Wellington Fund’s stocks and bonds. Accountants recorded the data in a leather-bound ledger and used 10-key adding machines to calculate the fund’s net asset value . Jack Bogle occasionally pitched in, double-checking the math with his slide rule.
The accountants scoured those printouts for missing prices and calculation errors. They pulled data from five reports to calculate a fund’s net cash holdings, scratching out the math with mechanical pencils. At 5:30 sharp, they keyed the NAVs of 45 Vanguard funds into a Nasdaq terminal, which beamed them to the Associated Press for distribution.Within a few years, technology eliminated data retrieval and entry.
Accountants now spend their time on “deeper analysis” — developing controls to prevent errors, investigating exceptions and solving new problems that the evolution of the capital markets and asset classes has created. In other words, they’re putting their time to better — more human — use. We could say the same about the other workers whose jobs appear on the visual.A bigger problem than a future without work might be a future without workers. Even as some industries struggle with labor shortages, the percentage of working-age Americans in the labor force has declined. The working population may not be ready to perform the uniquely human tasks that are increasingly driving economic growth.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
The Future Of Work Will Be Told In PicturesDavid Nour on the power and promise of simplifying complex language into visual storytelling, others can understand, embrace and contribute to.
Weiterlesen »
How ‘Vader Immortal’ became Lucasfilm’s ‘Star Wars’ bet on the future of VR and memory designA vulnerable Darth Vader? 'Vader Immortal: A Star Wars VR Series—Episode I' launches later this month for the new Oculus Quest headset.
Weiterlesen »
Inside Impossible Foods' mission to mass-produce the fake burger of the futureFake burgers are for real. The successful IPO of Beyond Meat and recent national restaurant-chain deals for Impossible Foods indicate that the cattle-based meat industry has a long-term problem on its hands. And the science of plant-based burgers keeps getting better in a way that cows are not.
Weiterlesen »
US and China superpower race to lead the future of technology comes down to $6 billionSilicon Valley's lead over China in venture capital investing shrank by the end of 2018 to $6 billion as techno-nationalism rises in the Asian nation. China's venture investments rose to $105 billion in 2018, nearly matching the U.S. at $111 billion.
Weiterlesen »
The Future Of Workflow50% of the S&P 500 will be replaced over the next decade - making the message clear as ever - adapt or die paid servicenow
Weiterlesen »
Sorry, bears, Uber’s bad IPO has nothing to do with the company’s future success.BrettArends: Sorry, bears, Uber's bad IPO has nothing to do with the company's future success
Weiterlesen »
Uber CEO Dara Khosrowshahi on the future of the company before its massive IPOUber CEO Dara Khosrowshahi shared an Uber with CNBC's Andrew Ross Sorkin ahead of the company's IPO on the New York Stock Exchange. Khosrowshahi discussed the company's success, new scooter and bike services, Uber Eats and more.
Weiterlesen »