Robots and automation take over one discrete task at a time, not whole jobs in one fell swoop. It allows a smaller workforce to handle the same or greater volu

Robots and automation take over one discrete task at a time, not whole jobs in one fell swoop. It allows a smaller workforce to handle the same or greater volume. A port that had 1000 longshoremen can be staffed with 100 people. That’s as much due to workflows adapting to new technology, the use of standardized containers, and scale as it is a robot that slots in 1:1 for a crane operator. Bank of America opened a virtual branch in my town. There’s two ATMs that let you video chat with a teller if needed. Or the end product itself has been obsoleted by something more mechanized, computerized, or standardized. Computer files means no more file clerks. Email reduces demand for First Class letters and mailroom staff. Dedicated staff passing around external mail and interdepartmental envelopes with the prior recipient and sender crossed out is an anachronism. Direct deposit/ACH and debit cards reduce demand for payroll staff, bookkeepers, tellers, armored car services, and checkbook manufacturing. Even low end legal labor like document review has been automated. Demand is elastic. When goods are factory made they become cheaper and people individually buy more and more people can afford to buy one.