No wonder robots rule in Swiss factories when corporations can issue bonds at negative interest rates. When the rate of interest is 7%, paying wages or a salar

No wonder robots rule in Swiss factories when corporations can issue bonds at negative interest rates. When the rate of interest is 7%, paying wages or a salary can be significantly cheaper than buying expensive equipment, because of compound interest. A 10-year bond at 7% interest is 40% more expensive than one at zero percent. The Swiss central bank is creating an environment where corporations have no choice but to automate - it's simply too expensive not to. If they don't do it, their competitors will.