Goodbye to Bricklayers? – the latest in “Disruptors”

An interesting article in the Weekend Australian of the 21st November 2015 relating to “The disruptors reshaping our world” by Allan Kohler.

As the business editor at large, he reported on a new share float of Fastbricks Robotics, doubling in price on the Australian Stock Exchange just after its launch. The company manufactures robots to lay bricks because, as its corporate video suggests, bricklaying is a repetitive process which is ideal for robotics.

It is suggests a normal house could be built in 2 days with the use of robotic brick layers.

Apart from robotics disrupting traditional businesses and skills, artificial intelligence is now seen as the greatest disruptor to the way we do business and work.

The industry disrupters such as Airbnb and Uber only touch the surface of changing the way service industries work; soon artificial intelligence will change the roles people play in the economy.

WHAT TO DEVALUATION OF THE CHINESE CURRENCY COULD MEAN FOR AUSTRALIA

In his article in the 15^th/16^th August edition of the Weekend Australian Alan Kohler suggests there are two ways in which the unexpected devaluation of the yuan could effect Australia.

First, he says, the devaluation suggests the Chinese economy could be worse than thought and secondly, it could lead to more capital flowing from China into the purchase of Australian real estate.

In the same edition of the Weekend Australian, Sterling Largin, a global investor, suggest that the Chinese may be admitted to the International Monastery Fund (IMF) and their currency may be added to the “Special Drawing Rights” basket of currencies designed as a reserve for IMF members.

He suggests that if the Chinese currency does receive this status, the Australian Dollar will increase in value against the $US.

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