How to Use Trading Automation to Help Communities
As Robot Automation progresses, many jobs are at risk of disappearing. A recent report from Pew Research Center states that most Americans believe that within 50 years, robots will do much of the work currently done by humans.
To alleviate the problem, the U.N. is advocating for the adoption of a Universal Basic Income (UBI) system to ensure that no one is left behind and to protect our way of life.
In this article, I will explore how can we use Smart Auto-Trading to ensure that regardless of technology advances, communities could retain or exceed their current quality of life.
Universal Basic Income
The concept of providing basic income to all is not new. It was explored in the US under Nixon and more recently by countries such as Canada, Scotland, India, The Netherlands and Switzerland. The proponents in favor of UBI recognize that, in order to ensure a sensible transition toward automation, they will need to evolve current financial systems and change how they invest and manage capital to pay for all Government programs. The great paradox here is that they recognize that they most likely will need to automate financial systems to provide a higher return on their investments. This will further exacerbate the elimination of financial and managerial jobs. With the concept that everyone has the right to basic income, they are exploring ways to fund UBI with automated financial managers and roboadvisors.
The problem with automation is that less workers will pay taxes. That's when Smart Auto-Trading and finance management technologies can comes to the rescue. The very technologies that eliminate jobs could be put to work on behalf of communities to help generate income for their members. Harnessed properly, it has the potential to free everyone involved from work as we know it today. It has the potential to help them thrive in ways impossible to implement before.
As an example, if communities were to invest $25,000 for every child born on their territory at birth and let Smart Auto-Trading trade elite stocks until each child reaches 18 years of age, it would shelter this generation completely against poverty. How much money would each account yield over the next 18 years you might ask? Based on historical performance, the answer is between $450,000 and $650,000 per child. Used at scale, the total performance of such automated program would probably yield considerably higher returns.
The same automated investments concepts could be applied to other programs and businesses. If we start early to modernize financial systems we can avoid the predicted hardship. Smart Auto-Trading can be implemented at scale to secure a constant stream of capital and help communities, businesses and their members thrive.
As robots threaten to take away 50% of our jobs, UBI would provide a minimum level of support while allowing employees to alter their working hours. Automation used to fight downsizing of jobs seems the only logical response to an otherwise unhealthy transition towards our digital future. In short, we propose that we need to accelerate the adoption of Smart Auto-Trading and automated financial management systems and to alter current policies to create UBI for your communities. We predict that if we start adopting Smart Auto-Trading early enough, we would be prepared to thrive in the digital age.
References: The futurist, UN Report: Robots Will Replace Two-Thirds of All Workers in the Developing World (https://futurism.com/un-report-robots-will-replace-two-thirds-of-all-workers-in-the-developing-world/")
Pew Research Center: Public Predictions for the Future of Workforce Automation (http://www.pewinternet.org/2016/03/10/public-predictions-for-the-future-of-workforce-automation/)