Forex market is huge and is open for everyone who wants to exchange foreign currencies. Benefits from trading in forex are endless. For example, FX market is open for trade 24/7 all over the world. Forex market is extremely liquid and currently more than 2 billion dollars are changing hands every day. But every experienced forex trader can tell you, that maintaining all of your forex trades is very hard and usually takes a lot of time. Lucky for us, traders, the solution for our problem has finally come – automated forex robots.
The idea of bringing back manufacturing jobs to have people, not robots, perform specific tasks to complete production would have a significant impact on the current state of the worldwide economy. The day and age of having only people perform automated jobs is over and Donald J. Trump will fail to bring back what he promised. This transition won’t appear to be cost-effective, the required high-tech relevant training will be scarce, and the worldwide economy would have less incentive to globalize.
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First, when you raise the cost of labor for small entry level jobs, there will be fewer of them as businesses raise their prices and clientele evaporates, some businesses will close, fewer jobs. The businesses and business models that survive will absorb those costs with rate and price increases to customers – this results in inflation therefore your dollar will be worth a little less, how much is hard to say; 10%, maybe 20%, which is about how much the minimum wage increase would be from what it is now if it went up to let’s say $10.00.
The Washington Post reported that over the last 10 years the United States lost more than a quarter of its manufacturing jobs. Although we are all aware it’s cheaper to manufacture products overseas, Washington Post reporter Peter Whoriskey explains that Asia is producing an ever-increasing workforce armed with engineering doctorates. China and other Asian countries are also flowing millions of dollars into high tech research in order to compete with the tech industry in the United States. For example, over the last 10 years China doubled the number of engineering doctorates awarded.
Automation improves the level of production and competence of certain industries. It is in this regard that industrial robotic systems have been conceptualized. It is true that this system renders much help to operators. The predicament however lies upon the price that goes with it. In industries where modernization has not yet been introduced, learning how to operate the system adds to the burden.