Help Wanted: Robots

"Life is NOT a malfunction."
--Stephanie Speck (Short Circuit)

Following up on yesterday's post and reinforcing a previous thought, a former GE employee concludes that cheapening of credit by central banks reduces the attractiveness of labor and increases the attractiveness of automation.

I would add that this is particularly true when other regulations such as minimum wage laws or mandatory health care coverage increases the cost of labor.

As cost of labor goes up and cost of fixed investment goes down, employers will hire more robots.

Simple ECON 101, cookie.