The Robots Are Coming! The Robots Are Coming!

I'm scared!

The robots are coming!

I have been tracking two ETF that focus on companies specializing in Robotics and AI. Both of them ROBO and BOTZ have seen huge inflows of cash this year.  Looking at the chart above  for ROBO you can see the price has surged.  Almost up 25% YTD.

Why am I scared?  As more AI and robots come into the market place, the more jobs will be lost and more jobs will see wage decreases.  We didn't hear much about that this past election season did we...

And, ironically,  the unemployment rate hit a 16 year low today.  It might be the low for a while.

I am always optimistic though.  New jobs will come with the new tech.

What do we do?  

Well, perhaps we all learn how to brew beer.  Good beer is still made by hand, right?

Worse case, robots will need repair people,  right?

Disclosure:  Harrison and I both own shares of ROBO. We may sell it at any time.

Chris Vig is president of The Vig Company and is an investor, artist, author, business consultant and former CEO living in Monona, WI. This article is for entertainment purposes only.  Do you own diligence when investing your hard earned cash.