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Actually, wealth inequality is a big threat /to/ automation because lower wages means automation isn't economically efficient. The first places where automatio
by throwaway13337 7y ago
Actually, wealth inequality is a big threat /to/ automation because lower wages means automation isn't economically efficient.
The first places where automation is put in place is where labor is expensive. That is, both geographically and industry-specifically.
It's not the factory workers so much as the accountants, lawyers, and doctors that are marginalized first. Software is cheaper and the reward greater.
And with respect to geographically, Scandinavia employs the most robotics to augment manually labor jobs. They will continue to lead in this area.
- chosenbreed37 7y agoI found that interesting. I've also heard it said that unemployment is higher in France compared to England. But their (France) productivity is higher. I wonder which is better...
- alexgmcm 7y agoProductivity in my opinion - there is no point in employing people if it isn't efficient. But it seems most societies still seek jobs for jobs sake.