It’s no secret that the economy has been a red hot topic for Americans and citizens of the world.
Americans are fighting for $15 per hour minimum wage.
Do all humans deserve a living wage? I think so, however it may or may not be economically feasible.
Which Leads Me To My Point…
The Bank Of England (BoE) recently warned workers that robots are set to take over 80 million jobs in the United States.
This leads to a truly fascinating dillemma…
Since there are only about 300,000,000 Americans… And only about one third of them are working.
So according to my mathematics…
Since roughly 100,000,000 of Americans are working… And 80,000,000 jobs are set to be taken over by robots…
That Leaves Twenty Million Jobs Total
What are people supposed to do to earn a living if robots take over at this level?
I guess the idea that people want to earn a $15 minumum wage could only expedite companies to implement robots who could theoretically be much cheaper than having a real human.
That’s Why I Value Being An Entrepreneur…
Look… I don’t have all the answers.
If 80,000,000 jobs are taken over by robots… The economy would be finished because nobody would have any money to purchase anything.
But… I still think that being an entrepreneur is the best way forward in our economy, even if robots are soon to be your primary customers (lol).
In any event, I hope you have an awesome day.
Mike “Robot Economy” DeVincent