As growing legions of graying Wall Streeters worry that technology is about to make them obsolete, the industry’s most junior staffers are almost unanimously expecting brighter days, according to an Options Group survey.
Bloomberg News reports that the recruiting firm asked more than 3,200 traders, salespeople and other finance professionals how advances over the next five years will impact them. In every bracket age 26 and up, at least 8% of respondents predicted they will lose their livelihood.
But virtually nobody younger checked that box. Instead, their most popular answer was “better work-life balance.” (Though, maybe that’s a sarcastic way of saying the same thing.)
Concerns about technology grow stronger with age. About 12% of respondents in the 46 to 50 group suspect they’ll be sidelined by changes happening in the next half-decade. Above 51, the share climbs to 15% -- meaning roughly one in seven people expect to be pushed out.
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