So many are worried about the effect that increased automation will have on jobs. The argument is that 'robots' will replace humans, leading to unemployment.
It is likely that this is inevitable. But is this such a bad thing? Technological change can of course increase efficiency and output, while humans don't have to do dangerous or undesirable jobs. This increases standards of living and also from the economies of scale that companies gain, consumer goods will become cheaper.
The main issue is that the people that own these robots will form monopolies and restrict output, so the increase in efficiency won't matter in the long run.
Going back to robots being a problem, perhaps the increased efficiency can work in people's favour. Those working on lowest incomes, most likely with work involving manual labour, won't have to work any more, because the money the government saves on better efficiency from robot workers can be used to help the poorest and those out of work. Perhaps many in the future won't have to work because of robots, increasing leisure time and time that could be spent training for better jobs. Robots could well be the way forward.
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