- Are workers going to be replaced by robots?
- Positive aspects of automation
Automation is a technique for running or managing a process automatically. Tasks that were previously carried out by humans are now automated using items like electronic gadgets, machinery, and even robots.
Software, machine learning, and robotics innovations are increasingly enabling businesses to function more efficiently with fewer employees.
Automation is not a recent development.
It’s not the first time that we’ve seen machines finish jobs that were once done by people. Consider the automated teller machine, or ATM, as an illustration.
The late 1960s saw the invention of the first ATM. Before the advent of the ATM, bank customers who wanted to withdraw or deposit money had to physically visit the bank, fill out the appropriate forms, and then deal with a teller to complete the transaction. Banking customers can now do the same financial transactions without a human cashier or bank teller thanks to the invention of the ATM.
Are workers going to be replaced by robots?
There may be momentarily higher unemployment when automation develops and technological improvements displace a portion of the labour. Currently, technology is replacing employees in industries like bookkeeping, manufacturing, and food services that involve repetitive, monotonous operations.
Not just those who hold these kinds of jobs risk losing their jobs owing to automation. White collar positions are also at risk.
The risk of losing one’s job to automation may be significantly greater for those who utilise computers at work. It’s likely that software programmes will eventually entirely replace the humans who were originally entrusted with operating them as they become more effective.
Positive aspects of automation
Some scholars claim that despite the increasing influence of automation in our life, things won’t necessarily turn out badly. In fact, they claim it might be advantageous.
History teaches us that workers who lose their jobs due to technical improvements look for retraining. Then, business leaders design temporary chances for reintegrating residents into the economy. According to some studies, cutting out tedious repetitious work and boosting overall productivity could ultimately lead to greater wealth and better jobs.
It is challenging to forecast what new occupations will be available for people in the upcoming years and decades as automated technology continues its rapid progress. Although there will be new opportunities and difficulties brought on by automation, people will still be required in the future economy.
