Robots and Automation: The Laborers of the New Economy

Summary:

In the late 1800s, technology allowed farming to require less people to produce the same amount of food.  In the 1900s, technology allowed the industrial economy to produce more goods with less people as well. 

The same thing is happening this century with robots and automation as the drivers.  Each time technology replaces some jobs, new jobs are created.  It makes the producers that stay in an industry super producers and gives birth new jobs never imagined before that typically bring higher pay and better quality of life. 

 

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