Something I brought up on numerous occasions.
The push toward automation is surging. Here is an article that captures some of the numbers that frame it.
The Q1 orders surged 20% from that quarter a year ago. This is a healthy jump. This means businesses are looking to be more productive, regardless of the cost to employment.
It is a trend I only see continuing.
https://finance.yahoo.com/news/wake-covid-employers-step-automation-110042845.html
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Automation is the key to achieve next level productivity. As the technology advances we will see many more unique ways to make money.
While tech is helping to reduce manpower and people are losing jobs because of it, it's also creating more avenues where they can comfortably make much more. DeFi industry is one such example.
Blockchain based social media that like Hive which pays for the activity is another great example.
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Unfortunately I think its probably going to the future. I don't see how the economy will go well when people have no way of making money.
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COVID definitely accelerated a trend that was already in place and it's not going to stop. Like we've been saying, the less skilled workforce is going to suffer and I really doubt that governments will be able to provide social protection for all of those people.
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Supermarkets are good example. When I go shopping at the Giant up the road from me, I see more and more self-checkout machines and less checkout aisles being manned by humans.
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