Robot Economics.

• Author: Hofmann, Ray
• Position: LETTERS - Letter to the editor

"The Robots in Your Future" by Jim Hightower (December 2017/January 2018 issue) showed the direction that corporate America is taking in order to reduce the cost of labor. Since labor is usually the highest variable cost when producing goods or providing services, corporations have always tried to lower the cost. Over the last thirty years, labor has not been receiving its fair share.

Hightower notes that it is "not robots that are taking our jobs, but corporate profiteers." With robots and artificial intelligence taking over the job market, there will be no need to hire and pay workers. In...