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Automation replaces manual labor. As labor becomes more expensive and automated processes become more affordable, you'll see a shift in the food industry from
by justinucd 9y ago
Automation replaces manual labor. As labor becomes more expensive and automated processes become more affordable, you'll see a shift in the food industry from basic labor to skilled labor (those who will develop and maintain the automated processes).
- danblick 9y agoOkay but that might be a little simplistic, because automation can also complement manual labor and create more demand for it. The example that comes to mind is about ATMs and bank teller jobs: when ATMs were introduced it actually increased the number of teller jobs because branch offices became cheaper and banks opened more of them. Discussed in: http://www.econtalk.org/archives/2016/05/james_bessen_on.html http://www.econtalk.org/archives/2016/05/james_bessen_on.htm...