As various professions increasingly incorporate robots and machines to replace human labor, many jobs are being affected. Today, we have an article

that aims to inform you about 20 signs indicating that many should hold on tight to their jobs. Let's take a look at what signals are currently warning you.

 

1. A self-sufficient economy can help us if we don't accumulate too much debt. At least our country has fertile land and abundant rivers, allowing almost every province to grow vegetables and fruits to sustain ourselves.

 

2. As seen in the news, some companies are gradually closing down without prior notice, while others are relocating their production bases to neighboring countries due to lower labor costs, leaving many unemployed without warning. Just yesterday, they were clocking in and out of work, and the next morning, they found out about the closure at the factory gate.

 

3. Meanwhile, some companies that are still operating are replacing employees with robots. In the future, we will gradually see robots taking over more jobs. If you are an employee, you need to adapt quickly.

 

4. If you work in banking, start looking for a new job before you get laid off. The new banking system emphasizes apps over the number of branches or employees, making it very difficult to find work when many people leave the system simultaneously.

 

5. The tourism industry, which was once thriving, is now struggling. We are starting to see a significant drop in tourists, especially from China, who used to visit in large numbers. This decline is not due to our country being unattractive, but rather because they are facing severe issues at home, affecting both tourists and investors.

 

6. The arrival of the coronavirus has further exacerbated the tourism crisis, as not only have Chinese tourists stopped traveling, but tourists from other countries are also staying home.

 

7. Wealthy European tourists who used to spend generously are no longer visiting.

 

8. The real estate market, especially condos bought for speculation, is showing clear signs of distress. Many were advised to take on excessive loans to earn commissions or attended investment seminars, thinking they could cover mortgage payments with rental income, only to find no tenants and insufficient income to cover costs.

 

9. Some people are living beyond their means, buying unnecessary items, spending money, and taking loans without considering the future. Please avoid accumulating more debt, as interest will only compound. Don't overspend; if a crisis occurs, you may find yourself in trouble. It's wise to have some savings for emergencies.

 

10. Current debts are at low interest rates. If interest rates rise by even a small amount, it will immediately burden those in debt. For example, a mortgage of 9,000/month (3,000 principal, 6,000 interest) could quickly turn into almost all interest, meaning you would only be paying interest without reducing the principal.

 

11. Online businesses are starting to decline due to increased competition and a wider variety of options for customers, especially from companies that have developed comprehensive online trading systems that aggressively promote discounts against smaller businesses.

 

12. Selling land and houses has become very difficult as money is scarce in the system. Those who do have money are reluctant to spend it, leading to a deflationary situation.

 

13. We are beginning to see a shift towards electric energy instead of oil. If you're considering investing in oil stocks, think carefully, as that is becoming a thing of the past.

 

14. The era of fundamentally sound stocks is gradually fading, as there are hardly any sustainable businesses in the new world economy.

 

15. Digital currencies and various coins seem to be emerging to test the system and effectively burn cash from continuous money printing.

 

16. The advent of 5G will bring about significant changes, leading to new developments while older technologies fade away, similar to how 2G made telegrams obsolete, 3G replaced letters with email, and 4G enabled mobile phones to do almost everything.

 

17. AI or artificial intelligence will inevitably play a significant role in our lives, doing things we never imagined possible. Not believing in its potential to replace jobs is akin to how our parents never thought everything would be consolidated into a single mobile device.

 

18. It's not that our country is poorly managed; many countries worldwide are experiencing economic contractions simultaneously, with no region faring better. It's a collective downturn, making it impossible for anyone to support another, as everyone is struggling.

 

19. Gold remains valuable during currency crises, as seen in various countries where currencies have drastically devalued. Those holding gold can exchange it for any currency worldwide.

 

20. While our currency may currently be strong compared to others, don't celebrate too soon, as there are specific reasons for holding Thai baht (as illustrated by the lessons learned from the Tom Yum Kung crisis).

Source: bitcoretech

SOURCE: https://rooormai.com