3 ms·
Many companies are becoming increasingly data-driven so in some cases it's actually not the "rich people" making these decisions. We are increasingly seeing co
by aeternus 7y ago
Many companies are becoming increasingly data-driven so in some cases it's actually not the "rich people" making these decisions. We are increasingly seeing contracts that commit a company to whichever solution produces better KPIs after a trial period.
Companies generally act very logically and seek to maximize their future cash flows. If economic incentives change, such as labor becoming more expensive, automation becomes cheaper relatively, and we should expect a well-run company to invest more in automation.
It makes little sense to blame the managers. We live in a market economy and policy-makers should look to economic incentives as the main way to drive behavior.