Decentralization doesnt necessarily equate to automation or vice versa. In fact, the present state of affairs tells us it the centralized entities that will have all the automation.

But the gist is spot on. We will have less jobs for humans, hence technological unemployment. Well Fargo put out a report that it is likely the banking sector losses 100K job over the next 5 years.

Of course, this will not be the likes of Jamie Dimon but the local teller as branches are closed since more online banking is done.

It is penetrating every industry.

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