Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Haim R. Branisteanu who wrote (21485)	1/16/2005 1:32:38 PM
From: regli	Read Replies (2) of 116555

Haim, good post. Just a comment on automation. I believe that we are going to see a lot more automation in the workplace as well as our production facilities. There still is a lot of room for optimization. We have only scratched the surface in the application of artificial intelligence. In terms of automation, the next two decades will be the decades where the deployment of artificial intelligence will be the productivity driver. The effects on the labor market will be pronounced. It will be sold as the way to battle offshoring but will actually be the key driver to put pressure on wages and compensation. Some of the “benefits” of the DOT COM period are only now being implemented. It takes companies significant time to implement software solutions into successful business systems and derive the full benefits.

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