Close Menu
What The FinanceWhat The Finance
    What's Hot

    Whistleblowers Unmask Schwab’s Toxic WEF Secrets

    April 25, 2025

    Capital One-Discover Merger Reshaping the Credit Card Industry

    April 24, 2025

    Michael Saylor’s Strategy New $286 Million Bitcoin Purchase

    April 15, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Facebook YouTube
    What The FinanceWhat The Finance
    Donate
    • NewsWire

      Capital One-Discover Merger Reshaping the Credit Card Industry

      April 24, 2025

      Michael Saylor’s Strategy New $286 Million Bitcoin Purchase

      April 15, 2025

      Breaking Down the U.S. Budget

      February 14, 2025

      The Financial Impact of Mizotakis Resigning in Greece

      February 1, 2025

      Incoming US President Shocks with $TRUMP Memecoin Launch

      January 18, 2025
    • Bitcoin

      The Rise of State-Level Strategic Bitcoin Reserves

      February 19, 2025

      How Oklahoma is Embracing Bitcoin with Legislation

      January 15, 2025

      Without Bitcoin: A Grim Vision of the Financial Future

      January 6, 2025

      Rumble Video Creators to Be Paid in Bitcoin

      December 24, 2024

      French Politician Advocates for EU Bitcoin Reserve

      December 17, 2024
    • Crypto

      The DAO Governance Battle Between Corporations & Blockchain Rebels

      October 25, 2024

      Altcoin Season Coming to an End? BTC Dominance & Institutions

      September 27, 2024

      Is Tether a $118 Billion Dollar Scandal Waiting to Happen?

      September 18, 2024

      Uncovering North Korean IT Workers in DeFi Scam

      August 16, 2024

      Navigating the Crypto Market: Avoiding Liquidation & Bull Traps

      July 24, 2024
    • Stocks

      NASDAQ 100 Welcomes Bitcoin Through MicroStrategy

      December 14, 2024

      Master the Time Value of Money Financial Concept

      December 9, 2024

      MicroStrategy Convertible Debt Expansion Sparks Stock Surge

      November 21, 2024

      Financial Ratios Guide to Measuring Business Performance

      November 18, 2024

      The Highest Paid CEOs of 2024

      October 1, 2024
    • Global Economy

      Whistleblowers Unmask Schwab’s Toxic WEF Secrets

      April 25, 2025

      Tariff Tensions Drive Market Volatility

      April 9, 2025

      Red in Name Only: Labour’s War on the UK Working Class

      March 18, 2025

      AI, Robotics & the Future of Cheap Production

      January 20, 2025

      Can Milei Inflation Gamble Hurt Argentina’s Future?

      January 13, 2025
    • TradFi
      • Investment Ideas
      • Forex
      • Commodities
      • Best Deals
    • Markets
      • Cryptocurrency Prices
      • Fear & Greed Index
      • World Market Indices
      • US Stock Market
      • Live Forex Rates
      • S&P 500
      • Gold
    What The FinanceWhat The Finance
    Home»Global Economics»From Cleaners to Security Guards: The NEW Somatic Cleaning Robot
    Global Economics

    From Cleaners to Security Guards: The NEW Somatic Cleaning Robot

    A new era of automation poses hard questions for the economy.
    September 13, 2023No Comments5 Mins Read
    Share
    Twitter Facebook Reddit LinkedIn Telegram

    In the ever-evolving technological ecosystem, the Somatic Bathroom Cleaning Robot has emerged as a game-changer in the realm of domestic and commercial sanitation. This paradigm-shifting device couples advanced robotics with artificial intelligence to achieve unprecedented levels of cleanliness. While consumer acclaim is noteworthy, serious concerns are being raised about its broader economic implications, particularly the threat it poses to the worldwide labor market.

    As of 2021, the United States is home to 1,06 million janitorial services businesses, 5.7% higher than 2020. In 2019, the worldwide market for commercial cleaning services was valued at an estimated $292.6 billion. This figure was projected to rise to $308.7 billion in 2020. Since 2011, the cleaning industry has experienced an annual growth rate of 6.6%.

    By 2025, the market for residential cleaning alone is projected to have a valuation of $40.38 billion. Meanwhile, the global commercial cleaning sector is forecasted to generate revenues amounting to $468.2 billion by the year 2027. Additionally, over 236,500 new janitorial positions are anticipated to be created in the United States by the year 2023.

    Those trends may soon end and the change could result in unintended consequences for ancillary industries such as security. On top of that, as we teeter on the brink of a new era of automation, the debate on Universal Basic Income (UBI) has never been more pertinent.

    The Precipice of Mass Unemployment in the Sanitation Sector

    The sanitation industry, a significant employer worldwide, is now faced with a potential upheaval due to this automation wave. With the advent of devices like the Somatic Bathroom Cleaning Robot, a large swath of jobs, particularly those at the lower end of the wage spectrum, are endangered. According to labor market analysts, the widespread adoption of such automated cleaning solutions could lead to a significant contraction in employment opportunities in this sector.

    The Ripple Effect: Implications for the Security Industry

    The potential for mass unemployment does not halt at the doorstep of the sanitation industry; it also permeates the security sector. One might wonder about the correlation between bathroom cleaning and security; however, the connection is more nuanced than it appears. A reduced need for on-site cleaning staff would consequently decrease the demand for security personnel, particularly in large commercial establishments where the two are often complementary services.

    Moreover, the rise of intelligent devices endowed with advanced security features could further marginalize the role of human security staff. This spiralling effect might result in a surplus of low-skilled labor, with its attendant risks of wage depression and social unrest, both of which present their own security concerns.

    Increase in Social Unrest & Security Threats

    Mass unemployment, particularly among low-wage workers, can lead to increased rates of social unrest, criminal activity, and other forms of instability. Ironically, while there may be a reduction in the need for security within establishments that have automated their cleaning services, there might be an uptick in the broader demand for security services to counteract elevated social tensions and maintain public order.

    Re-skilling & Upgrading the Workforce

    One potential silver lining could be the focus on re-skilling the workforce. Security jobs that require specialized knowledge or technical skills may still be in demand. For instance, managing advanced security systems might necessitate a different skill set than traditional security roles.

    On the other hand, janitorial jobs can be turned into low-skill security jobs. Such as simple guarding duties. Whaever the case, the transition phase could be turbulent and disorienting for those who have been displaced and are trying to adapt to new professional realities.

    List of Publicly Listed Cleaning Companies

    Publicly Listed Cleaning Companies

    Associated ETFs

    Cleaning Companies ETFs

    Universal Basic Income: Panacea or Pipe Dream?

    Faced with this daunting vista of mass unemployment, the concept of Universal Basic Income gains renewed traction. Proponents argue that UBI could serve as a societal stabilizer, providing a financial buffer for those whose jobs are made redundant by automation. By guaranteeing a base level of income, proponents believe that UBI could buoy consumer spending, facilitate re-skilling, and even stimulate entrepreneurial endeavors.

    However, the road to UBI is fraught with economic and ethical dilemmas. Detractors argue that the fiscal implications are unsustainable, positing that such a scheme could exacerbate government debt and place immense pressure on national budgets. Critics also fear the potential inflationary spiral triggered by increased liquidity without corresponding gains in productivity.

    Furthermore, there’s an ideological divide concerning work ethics. While UBI could liberate individuals to pursue more fulfilling vocations or educational opportunities, critics argue it might disincentivize the labor force, leading to reduced productivity and societal contribution.

    The Economic Quagmire: A Gordian Knot of Complexity

    As the Somatic cleaning robot becomes emblematic of broader technological trends, it reveals a web of complex challenges that society must untangle. These include, but are not limited to, the seismic shifts in labor markets, unintended ripple effects on ancillary industries, and the ethical quandaries of instituting a Universal Basic Income. Each of these variables could significantly impact the economy in ways that are still not entirely foreseeable.

    The overarching narrative is clear: we are at an inflection point where technological advancement is outpacing our economic models and ethical frameworks. Consequently, the necessity for a comprehensive, multi-stakeholder dialogue has never been more urgent. Policymakers, economists, and ethical theorists must collaborate to navigate this uncharted territory and formulate strategies that align technological progress with social welfare.

    Author Profile

    Lucy Walker
    Lucy Walker
    Lucy Walker covers finance, health and beauty since 2014. She has been writing for various online publications.
    Latest entries
    • April 25, 2025Global EconomicsWhistleblowers Unmask Schwab’s Toxic WEF Secrets
    • April 9, 2025Global EconomicsTariff Tensions Drive Market Volatility
    • March 18, 2025Global EconomicsRed in Name Only: Labour’s War on the UK Working Class
    • March 7, 2025SatoshiCraig Wright Banned from UK Courts with Civil Restraint Order
    2
    Share. Twitter LinkedIn Telegram Reddit Facebook
    Previous ArticleStorj: Pioneering the Future of Decentralized Cloud Storage
    Next Article Pressure Mounts on Gary Gensler & the SEC

    Related Posts

    Whistleblowers Unmask Schwab’s Toxic WEF Secrets

    April 25, 2025

    Tariff Tensions Drive Market Volatility

    April 9, 2025

    Red in Name Only: Labour’s War on the UK Working Class

    March 18, 2025Updated:March 18, 2025
    Add A Comment
    Leave A Reply

    Stock Ticker
    • Loading stock data...

    Whistleblowers Unmask Schwab’s Toxic WEF Secrets

    April 25, 2025

    Capital One-Discover Merger Reshaping the Credit Card Industry

    April 24, 2025

    Michael Saylor’s Strategy New $286 Million Bitcoin Purchase

    April 15, 2025

    Tariff Tensions Drive Market Volatility

    April 9, 2025
    Categories
    • Best Deals
    • Bitcoin
    • Commodities
    • Crypto
    • Forex
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Satoshi
    • Stock Market
    Recent Comments
    • Bitcoin Grandad on The Aftermath: Craig Wright, BSV & nChain in Crisis
    • Peter Williamson on SUI: A Rising Force in the Blockchain World
    • Peter Williamson on Robotics Revolution 2024: A Guide to 16 Industry Leaders
    Also Check Out

    Craig Wright Banned from UK Courts with Civil Restraint Order

    March 7, 2025

    The Rise of State-Level Strategic Bitcoin Reserves

    February 19, 2025

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Your source for financial news. This is not financial advice. Our opinions are independent of any financial organizations.

    2007 - 2023 | What The Finance Magazine

    We're social. Connect with us:

    Facebook X (Twitter) Instagram YouTube LinkedIn TikTok
    Top Insights

    Whistleblowers Unmask Schwab’s Toxic WEF Secrets

    April 25, 2025

    Tariff Tensions Drive Market Volatility

    April 9, 2025

    Red in Name Only: Labour’s War on the UK Working Class

    March 18, 2025
    Categories
    • Best Deals
    • Bitcoin
    • Commodities
    • Crypto
    • Forex
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Satoshi
    • Stock Market
    Pages
    • About
    • Advertise
    • Get In Touch
    • Markets
    • Privacy Policy
    • Donate
    • Trending Articles

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok