“The main question we wanted to understand is who’s going to be left to buy products if everyone gets automated and replaced by a robot?” Tsoukalas, a senior fellow at Wharton, told journalist Katty Kay on the New Normal podcast that was posted on Monday. The paper describes a classic economic dilemma: A single company may recognize that laying off too many workers reduces demand for its products, but in a competitive market, every company has an incentive to automate, because failing to do so risks losing to rivals.” Business Insider.
We live in a global economy and if we don’t automate or instead impose a higher cost on automating than our rivals do then we will come out of this the same way that Michael Corleone would have come out of the bathroom had Clemenza not hidden the gun for him! We have seen this once already when the UAW pushed back on the use of robots for the BIG now little 3! I spent 40 years working in industrial manufacturing only to see it move to China and elsewhere! Unfortunately the West has already lost this battle!
And that is all I’m going to say about that!





















































































































































