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Economy

golfguru

(4,987 posts)

1. I believe it....

Reply to mahatmakanejeeves (Original post)

Wed Dec 14, 2016, 03:53 PM

Dec 2016

First, the automation equipment and robots require high tech engineering, and manufacturing done by humans. Then it requires people to program various tasks for them and lastly, more people to maintain and repair them.

But the best benfit of automation is, as you point out, higher productivity which equates to higher wealth.

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Automation Can Actually Create More Jobs [View all] mahatmakanejeeves Dec 2016 OP

I believe it.... golfguru Dec 2016 #1

Higher wealth for capital Warpy Dec 2016 #3

Read my post again, and you may get my point! golfguru Dec 2016 #4

Automation has always cost more jobs than it has created and always will Warpy Dec 2016 #6

They said same thing when automobiles replaced horse buggies, and golfguru Dec 2016 #8

How's the employment picture for buggy makers? Warpy Dec 2016 #9

in 1950 there were about 60 million jobs in the US FogerRox Jan 2017 #11

I wish these happy talkers would talk about the demand side of the equation Warpy Dec 2016 #2

Wall Street Journal sab390 Dec 2016 #5

I beg to differ. mahatmakanejeeves Dec 2016 #7

Thanks sab390 Dec 2016 #10