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Robots and Economic Agents: The Future of Work and Profits

Robots and Economic Agents: The Future of Work and Profits

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by Giorgi Kostiuk

2 days ago


Modern technology enables autonomous machines not only to perform tasks but also to participate in the economy by generating their own revenues.

Bots with Wallets

Autonomous algorithms have become an integral part of our lives, and today they are being given financial autonomy. With access to decentralized finance and smart contracts, machines can manage their financial affairs independently. This shift allows robots to earn money which they can spend on operational needs.

The Rise of Synthetic Labor

Labor that was once performed by humans is now shifting to robots and AI agents. These devices are becoming economic participants, selecting lucrative contracts based on market demand and efficiently executing their tasks. This shift in understanding labor changes what it means to 'work.'

Who Gets Paid?

As robots begin to earn income, the question arises of who receives that income. This issue raises questions about ownership, accountability, and potential displacement of humans in the workforce. The process requires a reconsideration of concepts of ownership and engagement in economic processes.

The economy of autonomous machines opens new horizons, but also challenges traditional understandings of work and ownership. There is a need to develop legal frameworks to manage such systems.

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