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I don't look at automation as the bad guy. In many cases, automating an industry changes the overall question, which can lead to further answers, that end up cr
by kitd 8y ago
I don't look at automation as the bad guy. In many cases, automating an industry changes the overall question, which can lead to further answers, that end up creating more employment.
For a start, who will create the tools? The manual labourers are the experts on what the tools need to be able to do? Secondly, if automation decreases the price of a product, it will often expand the market for it, and thus also related goods and services. But also, cheaper, automated products may make related products viable which previously weren't due to excessive cost.
IMHO, automation can increase economic activity sufficiently to absorb any labour excess, however it definitely needs the right planning and control. I think relying on the free market is too simplistic.