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In a competitive environment automation doesn't actually help business make money. The increased margin quickly gets turned into discounts that competitors will
by thdxr 5y ago
In a competitive environment automation doesn't actually help business make money. The increased margin quickly gets turned into discounts that competitors will trade to grab more marketshare.
Areas where there is automation but prices continue to go up have issues with competition - banks are a great example because banking licenses are impossible to acquire.
- virtue3 5y agoReally great insight. I would even add in for automation for cars or heavy manufacturing: they increase the cost of getting into the game: thus driving down competition as well.