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 economy invest


Why does the Economy Invest in Robots Instead of Our Own Lives? - OA

#artificialintelligence

Corporations would rather have an employee base full of robots and a select few humans to monitor the robots because it saves them money in labor cost. Borrowing without a maximum limitation means it is easy, and often more affordable, for corporations to invest in robots or automation than their labor force. It is cheaper to take a loan from a bank to finance the purchase of Artificial Intelligence software or robotic investing than it is to re-train workers or engage in improving work skills. So the bottom line is that corporations would rather have an employee base full of robots and a select few humans to monitor the robots because it saves them money in labor cost in robotic investing. You can thank the floating currency system inaugurated by Nixon for this change in the work culture of American corporations because it made technological innovation less expensive to finance which makes it harder for people to earn enough for a decent quality of life.