Old Employment Paradigm vs New Automation Era

This is a comment from another post but I thought it could be used as a post too 🙂

I’m not an expert, english is not my primary language and I’m just hoping to learn more about economy…

1º Full Employment but Less Labor Compensation and less hours:BUTANDWHY? When a company aims to increase their profits they can invest on capital to reduce labor costs, for example buying robots/algorithms and firing people. On the other hand there’s not gold linked money supply that allows a lot of new complex activities and investments making posible new companies to rise […]

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