Migration vs Automation

A lot of the western public debate is currently revolving around forms of protection to shield our economies from emerging ones.

The shield can take the form of a trade war, of a brexit, or less metaphorically, that of a wall at the border.

While we fight with our fear of migrants however, we are neglecting the rise of a much stronger workforce that is bond to eventually end the concept of work as we know it: Robots.

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Recap 2018 – Putting it all together

Robots will bring down 30% of the jobs within a decade.
Neoliberalism is starting to be antagonized by vaste parts of the population, igniting the fire of populism.
Social Media exploited and society fell for it and social divisiveness is already building up.
In short, the Belle Epoque of our century has come to an abrupt end: the mandatory happiness that characterized the first 15 years of our century, is quickly transforming into anger.

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End of an era

Do you remember capitalism? Marx, the law of supply and demand, the requirement for scarcity, a workforce…

I don’t want to make this a technical talk on economics, and I probably don’t have the means, however it seems obvious that when industry builds new machines aimed to goods production, the reason is lowering the cost of production and raising the profit in one of two ways:

  • keeping the price unchanged, and therefore increasing the margin;
  • gaining a competitive advantage by lowering the price, and therefore selling more units

What happens, tho, if robots become capable of doing any physical labour? And no, I am not talking about science fiction…

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