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The digital and artificial intelligence boom threatens to wipe out millions of jobs, the negative side that terrifies many. There is something good, because along the way algorithms can help multiply your savings. A hand from a virtual ally to overcome a more expensive cost of living. Love and hate with robots.
The threat. We are getting used to studies that warn us of the risk of a robot stealing our jobs. But if it is the IMF who says it, we have to pay a little more attention. The entity says that 40% of current jobs are exposed to artificial intelligence. That means your job will grow with it… or disappear. In the labor market it is known, hence many of the job offers today are to work with algorithms. But be careful because just as it serves as an excuse to hire, AI can also decide your dismissal.
Side B. Good. Robot investments are booming. The machine is now in charge of putting the savings where it suits and executing operations at high speed. A tool previously reserved for funds and large banks that is now available to everyone. Always be careful: even if an automated manager has a good track record, “there is no guarantee of perpetual success.” The same thing happens with other tech solutions. From crypto assets to personal finance apps, you have to be careful with them.
More money. The outlook among those who earn the minimum wage improves. The Government has decided on an increase for 2024: how much will be charged each month, who is affected and since when has it been charged? Here the answers. Due to carryover, taxes must be adjusted, so the exempt personal income tax will be affected so that no more taxes have to be paid in those brackets. A favor that is appreciated with a more expensive life that has made it impossible to comply with the rule to save with any salary. Do you fulfill it?
Marked. Some have it more complicated, with the treasury owing them the money for the refund of the income from the last campaign. Even though it’s been more than six months, why haven’t they been paid yet? Maybe something is hiding and the Treasury has its sights on you… You will also have the authorities on your tail if you try to get dirty with renting rooms to avoid the Housing Law, a trend among owners that can be expensive. Marked the same as in the lists of defaulters, where they can put you for these very low debts.
Europe and the US are moving away. The economic gap grows, both in GDP and in wealth per capita, where an American has twice as much as a European. In these lands there is a risk of impoverishment, some warn, unless there is a technological revolution.
There are already too many problems on the table to add more. If we compare with 2019, before the pandemic, more than half of the global population has become poorer. At the same time, the rich are getting richer. Musk, Bezos and company have doubled their fortune.