By 2033.
free link:
intercst
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I keep hearing how bad it is to work in an Amazon FC. Good news is fewer people will have to work there!
I’ve been in several FCs and the surprising thing is how few people work there already. I was expecting tons of people picking things off of shelves and moving them around in totes or something. The process is already very automated with the Kiva robots doing lots of work.
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Robots and AI is real. More automation, Higher margins.
It is similar story with Tesla.
Actually robots without AI work extremely well.
Robots with AI mess up a lot.
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All Amazon Robots have some AI now. I am also very happy with my FSD.
Once everything is automated, no humans will be paid a salary and therefore humans won’t have the money to make Amazon purchases.
Will AI create fake jobs to keep us paid and busy? Maybe we’ll get paid in buckazoids for posting on the MF?
6 Likes
Universal Basic Income. Eventually companies will realize they need consumers with income.
intercst
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Nothing new, Amazon even bought robot companies like Kiva.
By now it should be clear that Labor Saving devices will not save Labor. Labor will become increasingly redundant and we need to put in place economic and financial systems to deal with this progression. Regression?
Is writing software labor? Not physical but mental and AI wants to displace us coders as well. I’m doing my bit to replace Labor with Capital by new ways to trade covered calls. I just added code to track performance. The first thing it revealed is how the new algorithms improve performance over trading the old fashioned way.
The Covered Call Selector and its latest addition, the Call Roll Selector work to replace disappearing income from Labor (coding) with income from Capital (stock market).
Universal Basic Income is NOT the solution, handouts are degrading.
The Captain
I might start a thread to document how the Covered Call software has performed recently.
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I recommend anyone worrying about labor go to the steam threshers reunion https://rollag.com/.
It used to take 10 people to run a steam thresher. Now it takes less than one. The combines do more with less. We did not end up with a huge swath of unemployed people, and we will not in the future.
Cheers
Qazulight
2 Likes
Companies today don’t want to pay workers well, when they are working for them and giving them value. You think companies will start paying people who do nothing for them at all? Right…
Newsflash: companies ALREADY NEED CONSUMERS WITH INCOMES and generally don’t like paying it. Witness Ford CEO’s recent elevation he pays so poorly many of his factory workers need additional jobs.
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Replace 50,000 workers.
Shareholder Value!
Perhaps.
Whenever Universal Basic Income is brought up here; there are a lot Hurmps! Giving people “free” money. That’s just wrong!
Business has no problem selling goods and service to people on the Gov’t teet. I don’t think they care where the money comes from.
intercst
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The only place that money can come from is business taxes. They absolutely will care. UBI is a scam.
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They will care if the money comes from them. Where else is it going to come from? We can’t tax the billionaires, for they are the job creators. We can’t tax the little people, the thesis is that they won’t have any money and so need a UBI. We can’t tax foreigners because we can’t.
So the only other place is business. If you don’t notice, the business guys have been complaining so loudly and for so long that corporate taxes are now at their lowest point in recent history.
So, as Clara Peller would say “Where’s the money?”
6 Likes
Major tangent but serious question - and one I have wondered about for some time.
What keeps the admin from simply printing money - creating it from nothing “whole-cloth” so to speak without any of us being the wiser? Without proper watchdogs or auditors, who or what is there to say otherwise?
It would seem that the IRS as well as CBP in collusion with treasury could just say we have a few more billion in revenue. Seems like only a future admin with an audit would ever know of such - and then they certainly would not be incentivized to correct the error.
Perhaps there would be too many people involved - but with so many career professionals be fired and replaced by sycophants, I am left wondering.
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