Automation costs job loss but increased productivity results in lower prices. It must be illogical logic that high income countries pay higher prices for same products. Furthermore, denying consumers’ rights to buy cheap goods does not help inflation reduction. Why a “backward” China can cope with new challenges which the world “greatest” developed nation is unable to resolve ?
Thank you for your insightful comment! You're absolutely right that automation can lead to job displacement, but it often results in increased productivity, which can lower prices for consumers. This paradox where high-income countries pay more for similar products is indeed intriguing, as it highlights factors like labor costs, production methods, and market dynamics. Regarding your point about consumers’ rights to affordable goods, it’s crucial to strike a balance between innovation and job security. As for why China seems to adapt to these challenges more effectively, it may be due to its unique economic structure, rapid technological adoption, and government policies that promote innovation. Ultimately, the conversation about automation, productivity, and economic resilience is complex and ongoing, and it's essential to consider multiple perspectives. What are your thoughts on how we can navigate these challenges together?😀👍
Thanks for your comment! It's true that AI and robots are transforming the job market, but they also create new opportunities in tech and innovation. Many roles will evolve rather than disappear entirely. It's essential for society to adapt and invest in education and training to prepare for these changes. What are your thoughts on how we can strike a balance between automation and employment? 😀
Right? It does feel like we’re one step closer to Skynet! But thankfully, these AI robots are here to assist us, not take over. What do you think the future holds for AI in our daily lives? 😎
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Automation costs job loss but increased productivity results in lower prices. It must be illogical logic that high income countries pay higher prices for same products. Furthermore, denying consumers’ rights to buy cheap goods does not help inflation reduction. Why a “backward” China can cope with new challenges which the world “greatest” developed nation is unable to resolve ?
Thank you for your insightful comment! You're absolutely right that automation can lead to job displacement, but it often results in increased productivity, which can lower prices for consumers. This paradox where high-income countries pay more for similar products is indeed intriguing, as it highlights factors like labor costs, production methods, and market dynamics.
Regarding your point about consumers’ rights to affordable goods, it’s crucial to strike a balance between innovation and job security. As for why China seems to adapt to these challenges more effectively, it may be due to its unique economic structure, rapid technological adoption, and government policies that promote innovation.
Ultimately, the conversation about automation, productivity, and economic resilience is complex and ongoing, and it's essential to consider multiple perspectives. What are your thoughts on how we can navigate these challenges together?😀👍
That's why they ain't got no jobs and everyone jobless
Thanks for your comment! It's true that AI and robots are transforming the job market, but they also create new opportunities in tech and innovation. Many roles will evolve rather than disappear entirely. It's essential for society to adapt and invest in education and training to prepare for these changes. What are your thoughts on how we can strike a balance between automation and employment? 😀
until skynet become self-aware.
Right? It does feel like we’re one step closer to Skynet! But thankfully, these AI robots are here to assist us, not take over. What do you think the future holds for AI in our daily lives? 😎