
Machines are taking away our jobs; true. #Robots flip burgers and work in warehouses; #Artificial Intelligence is handling insurance claims, basic bookkeeping, doing legal research, and performing basic HR tasks, human force is standing nowhere around them. Only those with spectacular skills and the owners of robots will thrive. True, but this is a partial truth. Yes, we don’t deny that some jobs will be taken by robots but not all. Let’s check out the optimistic point of #automation.
Automating a Job can result in more of those jobs
500 years ago, Queen Elizabeth cited the same fear with the introduction of a knitting machine. But, what happened next was it opened the doors for more jobs while reducing the time to weave thus, increasing their productivity. Present day version of this incident is not much different, today, we are warned of the ‘Rise of Robots’ and ‘End of Job.’ But why? I really don’t understand. If a factory cut off the cost with automation, there could be two cases-- Lower price, making the product appealing thus, more sale and more production, leading to the need for workers.
- Make more profit or pay higher wages, thus, again leading to more consumption and production and ultimately more employees
