Automation and robotics are on the rise, but fears that they will lead to widespread unemployment may be unfounded. Experts suggest that while technology will replace certain jobs, it will also create new ones. Google and Amazon have invested heavily in automation, with Google’s parent company, Alphabet, even selling robot technology.
Yet, there’s a disconnect between the high-tech industry and the rest of the economy. Many jobs, such as nursing or plumbing, can’t be automated and will always require human effort. Furthermore, the adoption rate of automation is not as fast as feared. The cost and complexity of implementing these technologies can be prohibitive for many businesses.
The impact of automation on employment is also influenced by societal factors. For instance, Japan has embraced automation due to its ageing population and labour shortage. In contrast, the US has experienced a slower adoption rate due to its younger demographic and less urgent labour needs.
While the rise of automation and robotics is inevitable, the future may not be as bleak as some predict. The transition to a more automated economy will undoubtedly be challenging, but it also offers opportunities for new job creation and economic growth.
Go to source article: https://www.theverge.com/2020/2/27/21155254/automation-robots-unemployment-jobs-vs-human-google-amazon