Automation Threatens Jobs But Offers Financial Freedom
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Despite sensational headlines and opportunistic politicking regarding the threat automation poses to socioeconomic stability, with a fully informed, properly educated population, more opportunities than threats lie ahead of us in the near future.
Automation has since the Industrial Revolution replaced human jobs with machines. As technology advances and automation evolves, the socioeconomic landscape of human civilization has evolved with it.
For instance, the initial Industrial Revolution disrupted centuries of multidisciplinary crafts and trades where a cottage industry consisting of individuals or small groups of people carried out the entire process of production. As technology merges information with the physical world, processes like 3D design, personal manufacturing, business administration, marketing, and even logistics are beginning to merge again.
So are fears that automation will displace human labor and disrupt socioeconomic stability warranted? Yes and no.
In China, according to MIT Technology Review’s article, “China Is Building a Robot Army of Model Workers,” millions of workers face potential unemployment as factories replace thousands of jobs at a time as automation advances and robotics improve.
The article notes that:
Millions of low-skilled migrant workers found employment in gigantic factories, producing an unimaginable range of products, from socks to servers.
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