Does "automation" create jobs or eliminate them?

Updated on : January 17, 2022 by Thomas Dixon



Does "automation" create jobs or eliminate them?

According to an MIT study, in the time period 1947-1987, automation created more jobs than it destroyed. However, during the 1987-2016 period, automation replaced many more jobs than it created. The economist discovered that wages during the industrial revolution did not begin to increase significantly until 1840, 80 years after the industrial revolution began. This tells me that during the first industrial revolution, which lasted roughly between 1760 and 1850, automation replaced more jobs than it created. During the second revolution, which lasted from 1850 to 1910, automation created more jobs than it destroyed.

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According to an MIT study, in the time period 1947-1987, automation created more jobs than it destroyed. However, during the 1987-2016 period, automation replaced many more jobs than it created. The economist discovered that wages during the industrial revolution did not begin to increase significantly until 1840, 80 years after the industrial revolution began. This tells me that during the first industrial revolution, which lasted roughly between 1760 and 1850, automation replaced more jobs than it created. During the second revolution, which lasted from 1850 to 1910, automation created more jobs than it destroyed.

Based on the history of what we've seen, automation will fluctuate between being a net creator and a net destroyer of jobs. I suspect this current period of automation will continue until our economy fully integrates the use of artificial intelligence and software into its operations. Once these labor-replacing pieces of technology are fully integrated into our society, technological innovation will go from being a net destroyer to a net creator of jobs, and new industries and opportunities will be built on the infrastructure these technologies provide us. .

When will this change occur? This depends on the speed of adoption. If it takes society as long to adopt artificial intelligence and software as it did to embrace electricity and machines, then this period of job destruction will last approximately until 2070. However, I suspect that this will not be the case anymore. that the speed of technology adoption is fast. throttle. According to the World Economic Forum, the global economy will be $ 16 trillion more by 2030 thanks to AI. This suggests that 2020 will be a decade of mass adoption. According to the McKinsey Institute, their models suggest that 70% of companies will adopt at least one type of AI technology by 2030. Based on this, I am going to predict that automation will be a net destroyer of jobs until 2040,

Beyond 2040, I predict that automation will shift to become a net job creator, as the economy will need jobs that leverage and service artificial intelligence. During the tumultuous 2020-2040 period, the government will have to get creative in the way it handles the effects of technology replacing labor. If governments are not smart during this period of time, citizens will suffer and political radicalization will occur as a result.

With any new technology introduced as an enhancement to an existing requirement, it will create jobs initially and then appear to eliminate them. Please keep your reactions to this statement to get the full picture.

Jobs are created initially, as new technology requires more preparations. (For example, with mobile phones, you need to build more towers and phone manufacturing, billing software, etc.). In automation, there have to be software developers who understand the what and how of automation, companies who identify what to automate, etc.

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With any new technology introduced as an enhancement to an existing requirement, it will create jobs initially and then appear to eliminate them. Please keep your reactions to this statement to get the full picture.

Jobs are created initially, as new technology requires more preparations. (For example, with mobile phones, you need to build more towers and phone manufacturing, billing software, etc.). In automation, there have to be software developers who understand the what and how of automation, companies who identify what to automate, etc. Once the preparations are over, it takes time to stabilize. Then the old manual jobs disappear.

Jobs disappear not only because there are easier ways to do what was done before. The main reason is that once things are known to be manageable, the requirements will multiply. It's kind of like preparing the way for, say, 200 vehicles. But the moment roads are considered convenient, more vehicles start to use the roads. At a later point, one begins to wonder how they managed without the road in the past. The same will happen with any technology, with Automation proving to be no exception.

Does it mean reducing people's employability? No way. This is the beauty of humanity. A new requirement will be identified and work will begin in that direction. Imagine, with each version of a software, don't you think, what else could there be for the next version? But the versions keep coming.

The world grows with more and more comforts provided and consumed.

This is a great topic of debate, but there is an opinion from me that I am going to tell:

Automation helps jobs get done faster, better, and error-free. While, on the other hand, it reduces the work factor of human beings. But if we think it works better, then automation is so much better, and in the case of humans, be a good automation engineer and get the job done.

It creates jobs for people who know how to automate processes and jobs and takes it away from people who performed jobs for which they are no longer needed due to automation.

It is a vicious circle. Automation will eliminate more and more jobs. Nevertheless; it also creates jobs in the design, maintenance and programming of automation equipment. Now and in the future, education is essential

In a growing economy, automation can increase jobs. In a developed economy, you can cut jobs. For example, computerization in banks in India only increased jobs

"Artificial intelligence automation" does both, it removes jobs and even adds new types of jobs as well.

Take a look at the story, then tell me.

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