In our blog “Why we need an exit strategy” we wrote about the problems facing the current working population and the issue we face with our pension schemes not predicted to comfortably pay for our planned retirement.
One solution we all have is to stay working longer. A great idea, however, as recently reported in the national media, traditional jobs of the past are being replaced by automation making it much tougher to find a job to see us financially through to our new extended retirement age.
I remember many years ago this issue being brought to the forefront of my mind whilst I was still at school, with the replacement of humans on car assembly lines. Ford Dagenham opened its doors in 1931, and at its peak in 1953, employed around 40,000 workers, most of whom lived in Dagenham itself. Slowly, to speed up the accuracy of car manufacturing and to hit high consumer demand, they started introducing robotics to the assembly line, reducing the need for human contact with the car being manufactured.