Why The Founder Of A 35 Billion Hedge Fund Is "Very Worried"

David Siegel is worried, very worried as a matter of fact. The co-founder of Two Sigma, the 35 billion hedge fund said at the Milken Institute Global Conference that he's "very worried" that machines could soon replace a large amount of the workforce. "Most people in the bulk of the job market are not involved in super-high-value jobs. They are doing routine work and tasks and it's precisely these tasks that computers are going to be better at doing" Siegel said. A perfect example of this is on display in many Mcdonald's restaurants now as a result of some states raising the minimum wage.