Question Solved1 Answer Workers on the manufacturing floor are being replaced by robots and other machines. On the one hand, this lets companies compete with cheap labor from other countries. On the other hand, automation eliminates many jobs. Are you concerned that automation may increase unemployment or underemployment in the United States and around the world? Why or why not?

KR3XUW The Asker · Management
  1. Workers on the manufacturing floor are being replaced by robots and other machines. On the one hand, this lets companies compete with cheap labor from other countries. On the other hand, automation eliminates many jobs. Are you concerned that automation may increase unemployment or underemployment in the United States and around the world? Why or why not?

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Yes I am concerned about the fact that automation can increase unemployment or underemployment in the US and around the world. It is because industries around the world are looking for a solution, where regular and repetitive jobs can be performed by robots and AI. It has been observed that they can d ... See the full answer