Living Economy Influences Our Future Living Experience PDF Download

Author: Johnny Ch LOK
Publisher: Independently Published
ISBN: 9781711136981
Category :
Languages : en
Pages : 401

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Book Description
What does living economy mean ? How living economy influences consumer shopping behaviours and worker productive behaviours change. I shall explain as below: Firstly, we need to know what economy and science difference is. The reason for the gaps is that economics is very far from an exact science. The main actors are people or consumers, we need to work and spend. In my nowadays living, our consumption model has the impacts of the internet, and whether it bring more growth and better living standards for every. In past, we must need go to shops to buy any things. But, nowadays, we can apply internet to enter any business website to choose our preferable product to pay visa to buy among different kinds products' photos. So, e-commerce or e-shopping had change many consumers' traditional consumption model. It can bring exciting shopping experience and convenience to general consumers. Instead of internet influences consumer shopping method hand, internet also influence some offices apply internet to help employees to work at homes. So, Some office staffs do not need often go to offices to work, they can apply internet to do their office tasks at homes. It is one good example internet can bring living economic shopping convenience and working convenience to influence working people and consumers' living consumption and working traditional habit changing. But, internet also cause some people lose jobs, because some companies may dismiss some positions to be replaced by internet or artificial intelligent technology tools. In economic beneficial view, they aims to reduce salary expenditure and raises productivities and efficiencies. So, (AI) and internet technological invention can raise unemployment ratio in our societies, but it also raise efficiencies and productivities for businessmen in possible. These high technological invention can also bring economic growth because a desire for more profits would raise greater productivity, and therefore greater growth. This was achieved via the division of labour. For example, when one vehicle factory applies artificial intelligent robotic tools to assist workers to manufacture vehicles. The (AI) concentrates on manufacturing some vehicles engines as well as the workers need to divide the suitable engine parts to install to finish to manufacture any one vehicle in the factory. So, (AI) can assist workers to achieve division of labour aim. IN long term, if some countries' vehicle companies, even global vehicle companies can select to apply (AI) tools to assist workers to manufacture any one vehicle in the same time. It will raise whole vehicle industry vehicle productive efficiency and manufacture any one vehicle in the most short time. Indirectly, it will bring economic growth effect to these countries in possible, because vehicle suppliers can have enough different kinds of vehicles number to sell to different countries consumers in any time in global easily. Then, vehicle GDP income will increase and it can bring economic growth rapidly. But, (AI) robotic invention can also bring disadvantages to workers, because since the essence of capitalism is to make money, those workers will be increasingly exploited as time goes on. Faced with growing competition, employers may make staff work longer or harder as they may cut their wages and hire cheaper workers like women and children. Either way, profits will increase and so will worker dissatisfaction.