The Burdened Profits

 

The Burdened Profits
 

Profits earned is the difference between the revenue earned by selling goods and services and the cost of making available such goods and services for sale.

Profits are an economic term, but it plays a significant role in the human society. Spinning wheels take something to some place whether the wheel is static or in mobility. When humans are an integral part of the profit maximization process, the wheel of economy keeps spinning generating many new needs and wants to be fulfilled.

There has always been a race between human and machines in productivity. When machines started to run additional shifts, the additional cost was on energy and maintenance. When more shifts were planned, the manpower was either asked to do additional shifts or additional work force was added for new shifts, invariably the human involvement cost went up in both the options.

The good part is more money earned by workforce triggers more spending on goods and services in the market. The race between Man and the Machine is a generative economics. When humans get displaced by machines and Ai related systems, it will be a race between machines and machines resulting in a destructive economics eventually.

In a Machine-Machine system, productivity will increase resulting in assumed profits, but the economic cycle will gradually suffer. Markets serve the needs of goods and services for humans in society. Their purchasing power need to be kept alive all the time and also have it synchronized with the market pulse.

Markets exist where humans exist. Job losses due to Ai systems will only generate burdened profits. For a balanced economic progress, service industry can afford to accommodate Ai systems but in a manufacturing industry human resource should never be compromised.

Man-Machine profit generate, Machine-Machine profits stagnate.