Automation Using Robots — Creating Reinforcements Or Replacements?

Although, there are optimists out there who claim otherwise. They say we are going to just be fine. A future with Automation doesn’t seem to be as disappointing as we think. With the onset of the automation age, we can expect a lot of policy level changes in the world economy.

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This is not the first automation age

More employment opportunities for all

Look at this from the employees’ point of view. Through automation, companies can generate more revenue with the same number of employees. This can, theoretically, increase the pay to workers. Instead, if the price of the goods/product drops, the employees can buy more with the same pay as before.

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Opening up new job sectors with the growing technology

Automation is not equal to unemployment

Even the CEO’s job has around 25% automation potential, says a report by McKinsey.





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