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Showing posts with the label overseas Filipinos

Consumption Expenditures

The private consumption expenditure per capita (for each person) has risen to AED5,250 compared to AED4,650 during the same period last year. This is according to the leading newspaper Gulf News . Despite a challenging period, the spending improved which helps the economy to keep afloat, as people's spending helps the providers of durable and non-durable goods and services and their employees. This is one of the challenges of promoting artificial intelligence (AI) in businesses. The companies save a lot of costs utilizing machines instead of manpower. We read articles on robots replacing human resources like receptionists in the hotels, waitresses in the restaurants, etc. but those robots do not spend for goods and services, unlike human beings who do spend for themselves and their families, thereby helping the economic cycle, and pay taxes while spending (and earning, in other countries), so they help the government defray its expenses. In the United Arab Emirates (UAE),