Watch this video from Goldman Sachs about the factory of the future.

What’s missing? People!

The narrator says that in the future factories will be “location agnostic.” Why? Because factories no longer have to be built where skilled labor exists. Factories may be built here in the United States, but they will employ a fraction of what the same facility did 20, 30, or 40 years ago.

I’ve been writing about this for a long time now. This will be one of the largest challenges we face in the very near future – and the current efforts aimed at illegal immigrants and trade deals will not solve this problem: what to do with all the “extra” people!